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Started By
Message
re: Company CEO’s getting increasing pay.
Posted on 6/4/24 at 8:45 pm to Cycledude
Posted on 6/4/24 at 8:45 pm to Cycledude
So what’s the end game here with this complaint?
You want the government to set CEO pay? Short of that, unless you’re a big shareholder, it’s not any of our business and there’s nothing that can be done.
If it’s bad business for the company, that chicken will eventually come home to roost on its own.
You want the government to set CEO pay? Short of that, unless you’re a big shareholder, it’s not any of our business and there’s nothing that can be done.
If it’s bad business for the company, that chicken will eventually come home to roost on its own.
0
Posted on 6/4/24 at 8:45 pm to Adam Banks
quote:
There’s way more than 500 people who could do an equivalent job at the vast majority of those places.
Sure.
1000 of them. To manage 30M employees and $13T revenue.
Out of a labor force of 133M.
Posted on 6/4/24 at 8:47 pm to meansonny
quote:
Sure. 1000 of them
Between the massive amount of VPs at these conglomerates? Way more than 1000
Posted on 6/4/24 at 8:47 pm to Adam Banks
What's the number?
Posted on 6/4/24 at 8:48 pm to Cycledude
quote:
Last year the average CEO for Fortune 500 companies made 196 times more than their average median paid employees. The median pay package for CEO’s was 16.3 million per year. I know it’s a free enterprise, but this just doesn’t sit right with me. Especially when a few board members scratch each other’s back by helping set the pay for one another.
It’s absolutely insanity - yet we convinced most working class people that organized labor is somehow a bad idea.
Posted on 6/4/24 at 8:49 pm to meansonny
A lot more than 1000 and your number and thoughts have no data behind it other than conjecture to lick the boots of the C suite.
Posted on 6/4/24 at 8:53 pm to meansonny
What scares me are the estimated 7 million men between 25-54 not working or even looking for work. Basically just chilling out. Those people could be making the economy that much better. Especially the younger ones could be getting skilled trades and filling badly needed open jobs. That bothers me as much as greedy CEOs.
Posted on 6/4/24 at 8:53 pm to Adam Banks
quote:
Between the massive amount of VPs at these conglomerates? Way more than 1000
I'm not arguing specific numbers, but the vast majority of these folks could never be the CEO of a major organization.
Posted on 6/4/24 at 9:05 pm to Cycledude
Ben & Jerry's has a company by law that the highest paid employee can't be paid more than 7x what the lowest employee is paid. If CEO earns $350K, lowest paid employee earns $50K. This may have changed now, but I think it's still in place.
Posted on 6/4/24 at 9:09 pm to Adam Banks
quote:
A lot more than 1000
How much more than 1000
Posted on 6/4/24 at 9:14 pm to LSUandAU
quote:
Ben & Jerry's has a company by law that the highest paid employee can't be paid more than 7x what the lowest employee is paid. If CEO earns $350K, lowest paid employee earns $50K. This may have changed now, but I think it's still in place.
I thought they stopped publishing that ratio a while ago. Like 25 years ago or so.
This post was edited on 6/4/24 at 9:15 pm
Posted on 6/4/24 at 9:14 pm to Cycledude
I see the poors are acting out again
Posted on 6/4/24 at 9:15 pm to LSUandAU
quote:
Ben & Jerry's has a company by law that the highest paid employee can't be paid more than 7x what the lowest employee is paid. If CEO earns $350K, lowest paid employee earns $50K. This may have changed now, but I think it's still in place.
They got bought out by Unilever which also owns Dove soap and Vaseline. I guarantee you they don't have that policy anymore.
Posted on 6/4/24 at 9:20 pm to Adam Banks
quote:
So the CEOs can keep up with inflation but the little guy can’t.
Anyone who can’t see that this is a recipe for disaster is kidding themselves.
Don't go thinking rationally around here. The trust fund kids hate that shite.
Posted on 6/4/24 at 9:22 pm to Chief Hinge
quote:
Incentive/Goal oriented pay structures.
Those massively paid CEOs are paid this way
Posted on 6/4/24 at 9:28 pm to billjamin
quote:
I thought they stopped publishing that ratio a while ago. Like 25 years ago or so.
[/quote]
You're probably right. The good old days!
I thought they stopped publishing that ratio a while ago. Like 25 years ago or so.
[/quote]
You're probably right. The good old days!
This post was edited on 6/4/24 at 9:29 pm
Posted on 6/4/24 at 9:31 pm to fallguy_1978
quote:
They got bought out by Unilever which also owns Dove soap and Vaseline. I guarantee you they don't have that policy anymore.
Vaseline...how appropriate!
Posted on 6/4/24 at 9:33 pm to LSUandAU
quote:
Vaseline...how appropriate!
Yep. Lube up while we do stock buybacks to increase our eps #'s for bigger bonuses
Posted on 6/4/24 at 10:14 pm to Cycledude
I’m interested in how that compares to ceo pay in the 90s and early 2000s when compared to employees. Is 196 times close or has that sky rocketed?
Posted on 6/4/24 at 10:16 pm to upgrayedd
quote:I heard this spouted at a communist poetry event during the 1990s. Good lord!
The guy at the bottom seeing his paycheck not go as far as the year before while the guy at the top keeps getting millions in bonuses doesn't exactly seem fair
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