Bior37 t1_j29olah wrote
Reply to comment by Chippopotanuse in Top state officials, including governor, set to receive a 20 percent pay hike, the largest in years by SomethingDrastic
>How much do you think the executive in charge of 80,000+ employees and $52 Billion+ budget ought to be paid?
Not 20% more than last year that's for fucking sure.
Chippopotanuse t1_j29ubzg wrote
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You didn’t answer the question. We both know why.
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while you might not like CEO pay going up 20% last yer…reality says hello:
> S&P 500 CEO pay rose 18.2% in 2021, far outpacing the U.S. inflation rate of 7.1% last year. But the AFL-CIO says worker wages have made far smaller gains, only growing 4.7% in 2021.
Bior37 t1_j2a4fkl wrote
>while you might not like CEO pay going up 20% last yer…reality says hello: > >
We aren't discussing how much CEOs make, we're discussing what I do and don't like. Just about nobody thinks that CEOs deserve the amount of money they make, and raising wages for politicians to attract CEOs shouldn't be anyone's mission. That just attracts sociopathic business people trying to line their pockets.
Jackamalio626 t1_j29sgj8 wrote
Not to mention being an executive is the most useless fucking position imaginable.
hawaiianbarrels t1_j29xhp6 wrote
you’re so right!! That’s why every company in the world pays those people well - they’re completely useless so they choose to pay them more
Jackamalio626 t1_j29yyc6 wrote
What do you mean THEY?
The executives pay themselves abhorrent amounts of money because they can.
If I have a production team producing my product, a budgetting team managing the resources, and a sales team to sell the product to the consumer, then what the fuck are you even doing other than sitting on the resources barking orders?
hawaiianbarrels t1_j2a03ag wrote
right! There’s no oversight or competitive hiring practices put in place by the CEO - everyone the world over is just in cahoots even though they never met each other. It’s a miracle since there are thousands of new executives every year despite many of them never having met each other
Jackamalio626 t1_j2a11bd wrote
You dont need a formal coalition when the ideas and desires of the rich converge naturally.
Bior37 t1_j2a4h2b wrote
Right? Like, no one thinks a CEO actually deserves the millions they make
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