Live data from Hacker News

CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

epi.org

21–30 of 157 posts

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#21

If that pay didn't go to the CEO, who would get it? The shareholders. And who are the shareholders? The wealthiest 10% own almost 90% of stocks.

Even if this is true, which I would need citations for, the wealthiest 10% of Americans is way broader than the singular CEO. They'd spend more money, pay more taxes, and generally distribute the money more broadly.

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#22
post #2

It's just a matter of time before people revolt, we went from something like 1:6 employee:employer comp ratio to 1:400 (and much more for a lot of companies, up to 1:5000+) If we could harvest energy from the hardcore early capitalist theorists rolling in their graves we'd have infinite energy at that point

Populists have so far been able to focus all that anger at immigrants and LGBT people.

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#23

If that pay didn't go to the CEO, who would get it? The shareholders. And who are the shareholders? The wealthiest 10% own almost 90% of stocks.

How about, the rest of the employees, whose nominal wages have remained almost completely flat in the same timeframe?

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#24
post #2

It's just a matter of time before people revolt, we went from something like 1:6 employee:employer comp ratio to 1:400 (and much more for a lot of companies, up to 1:5000+) If we could harvest energy from the hardcore early capitalist theorists rolling in their graves we'd have infinite energy at that point

Why revolt when your quality of life keeps increasing? Some fucked up obsession with "fairness"?

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#25

> CEOs are getting ever-higher pay over time because of their power to set pay and because so much of their pay (more than 80%) is stock-relate This is the key to their high compensations, and in some ways it has to be like that because how else are you going to incentivize a CEO to raise the value of the company? Say a CEO was paid exactly what the engineers at a company were paid, it doesn't matter to him if the st…

[deleted]

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#26
post #22
post #2

It's just a matter of time before people revolt, we went from something like 1:6 employee:employer comp ratio to 1:400 (and much more for a lot of companies, up to 1:5000+) If we could harvest energy from the hardcore early capitalist theorists rolling in their graves we'd have infinite energy at that point

Populists have so far been able to focus all that anger at immigrants and LGBT people.

Because they're part of it, the other side of the coin, what we need is a new coin

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#27
post #22
post #2

It's just a matter of time before people revolt, we went from something like 1:6 employee:employer comp ratio to 1:400 (and much more for a lot of companies, up to 1:5000+) If we could harvest energy from the hardcore early capitalist theorists rolling in their graves we'd have infinite energy at that point

Populists have so far been able to focus all that anger at immigrants and LGBT people.

You got it the other way round.

After the 1% protests, media started publishing social justice articles to divide & conquer the population. The percentage of woke words like “racist”, “sexist” and “gender” rose rapidly!

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#29
post #12

> CEOs are getting ever-higher pay over time because of their power to set pay and because so much of their pay (more than 80%) is stock-relate This is the key to their high compensations, and in some ways it has to be like that because how else are you going to incentivize a CEO to raise the value of the company? Say a CEO was paid exactly what the engineers at a company were paid, it doesn't matter to him if the st…

Damn, why did people create companies for the past 300 years ? Why did people become entrepreneur ? They didn't have anywhere close to 400 times their workers salary, must have been a miserable life What's the point of it all when you have enough money to sustain your entire genealogy tree from the birth of earth to the heat death of the universe ? These people are clinically ill

Tech driven automation is creating opportunities that didn't exist before and there is way more competition.

CEOs have a crucial impact on company and are paid in stocks.

Does this article and related figure accounts for all the failed startups CEOs whose stock turned out to be worthless?

Re: CEO pay skyrocketed 1,460% since 1978: CEOs paid 399 times as much vs. worker

#30
post #15

If that pay didn't go to the CEO, who would get it? The shareholders. And who are the shareholders? The wealthiest 10% own almost 90% of stocks.

It could go to the people who produce the value in the first place: the workers.

At what point should someone's creation be confiscated and given to employees?
Post reply on HN