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

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

#31

Post by jokethrowaway »

jakupovic wrote: post #8
_fat_santa wrote: post #6

> 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…

Wow, really? The CEO needs to be incentivized 399 times? Pretty sure anything more than 0 would work. Wow, just wow that someone can actually think and better yet write it out. Nobody needs a 399X incentive. That is just stupid.

You're not competing with normal employees but with other CEOs and with other companies.

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

#32

Post by ttoinou »

lm28469 wrote: post #19
whatshisface wrote: post #13

Earlier quoted context omitted.

Last time heads were rolling in France people were starving.

Well we have 10m people living under poverty, even armed with forks and spoons they'd take the Elysee in a day. Even the 42 000 homeless children living in France could take care of it

Poverty definition is a relative definition. Hence you're measuring inequalities, not wealth

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

#33

Post by jokethrowaway »

SirSourdough wrote: post #11
_fat_santa wrote: post #6

> 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…

I don’t think there’s all that much concern about incentive packages tied to performance. The question in my mind is: how much compensation is required to provide that incentive? And is it reasonable for that to result in a small portion of people making not just more than the typical person, but astronomically more to the point where the typical person is left very nearly broke and powerless?

The real question is: How much money are the shareholders happy to pay for a CEO to accomodate their level of risk and their level of confidence in the returns?

If they could pay less, they would.

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

#34

Post by fistfucker3000 »

iLoveOncall wrote: post #3

> This escalation of CEO compensation and of executive compensation more generally has fueled the growth of top 1% and top 0.1% incomes, leaving fewer of the gains of economic growth for ordinary workers and widening the gap between very high earners and the bottom 90%. I ignore every article that separates the top 1% from ordinary workers. In the UK, to be in the top 1% of earners you need to earn 120K GBP gross a y…

> I don't give a single fuck about the salary of the 0.0001% of the population that is billionaire CEO, that's not the problem. The problem is that basic necessities have been turned into a profit-printing machine and you pay 2K a month for a 500 square feet apartment in London.

Interesting that you don’t see those things as part of the same problem but rather two separate unrelated issues.

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

#36

Post by JustSomeNobody »

tomp wrote: post #27
api wrote: post #22

Earlier quoted context omitted.

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!

Because billionaires own the media and they don't want anything to affect the status quo.

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

#37

Post by lm28469 »

rosnd wrote: post #24
lm28469 wrote: 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"?

Who's quality of life ?

Having a 4k TV and a smart fridge doesn't balance the degraded day to day working conditions, pays, longer hours, later retirement

Quality of life peaked somewhere in the 90s in the west, now it's all non essentials, people are giving up on the idea of owning their home and retiring healthy, &c.

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

#38

Post by uoaei »

jokethrowaway wrote: post #33
SirSourdough wrote: post #11

Earlier quoted context omitted.

I don’t think there’s all that much concern about incentive packages tied to performance. The question in my mind is: how much compensation is required to provide that incentive? And is it reasonable for that to result in a small portion of people making not just more than the typical person, but astronomically more to the point where the typical person is left very nearly broke and powerless?

The real question is: How much money are the shareholders happy to pay for a CEO to accomodate their level of risk and their level of confidence in the returns? If they could pay less, they would.

Name one company where shareholders get to vote on CEO pay.

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

#39

Post by JustSomeNobody »

_fat_santa wrote: post #6

> 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…

>>> incentivize a CEO to raise the value of the company

They don't. The workers do.

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

#40

Post by germinalphrase »

friedman23 wrote: post #30
adamedw wrote: post #15

Earlier quoted context omitted.

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?

What proportion of CEOs are also the founders of the company?
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