Don’t you get it yet? It’s 'cause the system is fucked up. God, you’re such a rube
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I will now go cry in my money and lavish living quarters with my children and wife.
If being woke and a non-rube gets me Castoli’s life, I will pass hard.
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Dude thinks CEOs act like Kings and Queens and that they all make 300x what the average worker makes. This is the impression you get readings yahoo news not from actually sittings in a boardroom.
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Just for example.
Walmart has 2.3 million workers roughly. Walmart’s CEO makes $25 million a year.
So, if you dispersed his pay to the 2.3 million workers, they would all get $10.80 extra for the year.
This is why this diatribe is so fucking stupid.
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Ya, and I’m guessing 70% of that is stock. Can’t eat stock…
Yes, a large portion of it is stock options.
“As President and CEO at Walmart Inc., C. Douglas McMillon made $24,642,309 in total compensation. Of this total $1,276,892 was received as a salary, $3,816,000 was received as a bonus, $0 was received in stock options, $19,195,007 was awarded as stock and $354,410 came from other types of compensation. This information is according to proxy statements filed for the 2022 fiscal year.”
He also started from the bottom. He was literally an hourly employee to start at Walmart while going to school for a business degree and MBA.
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78%, it’s almost like I know what I’m talking about, lol
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Math is white supremacist and elitist. You can’t use it an argument (if that’s what you want to call this thread) even if you are non-white. Especially since you are successful, you can’t possibly know answer.
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Reading? You think zep reads anything?
And YAHOO NEWS? We both know better:
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No, I do not. But this isn’t the case in a worker co-op ever. I know of no worker co-op who pays their leader 300-400 times their worker. Do you?
Never said they’re weren’t. And your point is?
And who wield’s the power, worker-owners or shareholders?
In a worker co-op this is common?
And people with a formal education and achievements are also laughed at, some deservedly so, some not.
No one cares.
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You can’t care.
No, I just don’t care. CEO pay impacts my life exactly zero percent.
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It is still based on financial contribution…
Both.
Yes, not everyone has voting rights even as a member in a worker co-op lol. The General Assembly of Eroski Coop makes all the final decisions.
It is almost just like American Democracy. Do you think the peasants votes really count?
Not nearly as much as somebody with zero achievements making claims.
Can the same be said of the workers underneath him/her?
Yes.
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Yes, any mega corporation that pays CEOs that much has a crap ton of employees, if you spread that difference in pay out equitably (as would be the assumption in this inane logic) would amount to a negligible difference in paycheck (as given by the Walmart example above).
Another example:
Boeing CEO Calhoun - 1.4 Million in salary
Boeing has about 156,000 employees → Divide that up gives $8.97 per employee per year
Even if we add in his stock options and other assets valued at 21.1M that gives a whopping $135 dollars per year per employee. Which is essentially nothing. Most people spend more than that on gas for their car in a week.
Boeing is the number exporter in the US in terms of pure dollars. Should we handicap that impact to GDP for a statistically insignificant gain for each employee?
The whole argument that CEOs make too much and that is severely impacting their company’s employees falls apart when you apply some simple math.
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Yes, CEO pay has zero affect on anyone’s life. All things considered CEO pay is a drop in the proverbial budget. For whatever reason you like to comment on issues you are ignorant on.
Let’s continue with our Wal-Mart example.
CEO compensation = 0.001% of operating expense. Not COGS. Not total expenses. Just overhead.
Even if you include his stock options (which is dumb, but whatever). It’s 0.018% of Wal-Mart overhead costs.
WMT is trading at $151.04. So he received about 127k shares. As of the end of Wal-Marts last fiscal years, they employed 2.1m associates. So they can each have .06 shares or $9…
I will never understand why people die on the CEO pay hill. Most make <$2M and a very small select few CEOs are also incentivized to perform with stock options. They are wealthy, but most are not mega rich unless they build their business from scratch and then go public (Musk, Bezos, Zuckerberger, etc…), which is extremely rare. Most CEOs do not run billion dollar businesses.
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