BurnTheBoats21
BurnTheBoats21 t1_j5mgb8s wrote
Reply to comment by dr_reverend in CEO pay has skyrocketed 1,460% since 1978: CEOs were paid 399 times as much as a typical worker in 2021 by sillychillly
I get the merit behind that, but if it were true, it would be an amazing financial hack that shareholders can use to cut expenses. Instead, it's an unbelievably competitive market to attract and hold executive talent, so it seems clear that the market supply and demand drives that salary growth.
BurnTheBoats21 t1_iv10d8k wrote
Reply to comment by mostlydeaf in Wayamba, Me, Digital, 2022 by joshdykgraaf
im Ojibwe and it's not uncommon to hear north America referred to as turtle island. always loved the sound of it lol
BurnTheBoats21 t1_j5mplgt wrote
Reply to comment by dr_reverend in CEO pay has skyrocketed 1,460% since 1978: CEOs were paid 399 times as much as a typical worker in 2021 by sillychillly
I get it. but shareholders care about making the max amount of money and they don't give a shit if a CEO is rich or broke. The fact that the market has driven exec. wages up shows that there's a value add there. it's depressing and unethical, but the free market has demonstrated that it is a worthy expense if you want to remain competitive.
I think the conversation should start at legislation that regulates the free market so we don't do this to ourselves, not a question of whether or not they're worth paying that much. If they weren't worth it, nobody would pay them that much. that's it.