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Overpaid CEOs 2019

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Re: Overpaid CEOs 2019

#111

Post by decebalus1 »

ocdtrekkie wrote: post #9
ahelwer wrote: post #5

Software engineer unions are coming, and it will start with the games industry. Attitudes within our field are changing! Used to be you couldn't mention the U-word without a dozen engineers jumping down your throat bellowing about "efficiency" (for whom and what?) but engineers are smart and you can only fool them with the same old anti-union propaganda for so long.

Yes, though I think the key word that was keeping people from realizing software developers needed unions was "meritocracy". Developers were sold on the idea that people wanting union protection were replaceable, and that they, being the fantastic coders they were, were not.

> I think the key word that was keeping people from realizing software developers needed unions was "meritocracy"

Anyone who spent a couple of years in a corporation will know that meritocracy does not dictate career advancement or compensation. I think the tide has turned in the past years and the 'veterans' are starting to feel the ageism and the new fantastic coders aren't as thirsty drinking the kool-aid.

Re: Overpaid CEOs 2019

#112

Post by decebalus1 »

mc32 wrote: post #70
Traster wrote: post #2

I feel like CEO pay is one of these emergent problems with our current system. We have this group of people whose salaries are just astronomical compared to the average person in the company, and whilst it's true their job could technically make more of a difference these payouts are totally asymmetrical and completely independent of how effective a CEO is.

Apparently the CEO of Renault Nissan while compensated fairly compared to Hapanese counterparts, was unhappy that compared to NA and EU auto companies he wasn’t so set out to set up another unofficial compensation mechanism to bring him closer to the global pay scale.

poor Carlos, his friends were probably giving him shit about the size of his yacht.

Re: Overpaid CEOs 2019

#113

Post by Aeolun »

reb wrote: post #72
zdragnar wrote: post #16

Earlier quoted context omitted.

And yet, if you took Blizzard CEO's total pay (from the article, I think around $28 mil) and spread that over the nearly 10k employees, everyone gets an extra $3k, which wouldn't do diddly squat for retention. Also, losing 40% of growth would be pretty awful for anyone who has company stock (employees, 401ks, investors) especially if that's year over year.

The extra $3k might not mean a lot, but knowing your CEO gave $28m back to the workers at his or her own expense? I'd argue that kind of thing is great for retention. The challenge, obviously, is that CEO pay is a market and the current, insane pay scale has emerged from it. The only way for it to change would be a) regulation (good luck to the enforcers), b) a global moral awakening among CEOs that causes a sufficie…

If I’m being paid about 150% of market average, that’s a win for me, regardless of what the CEO is paying himself.

If I’m paid below average, any cent he makes more than me will build resentment.

Re: Overpaid CEOs 2019

#115

Post by LitFan »

skookumchuck wrote: post #104
heydonovan wrote: post #77

Earlier quoted context omitted.

You share the company's wealth by offering stock as part of compensation. This works well for the high earning tech employees, who can pay their bills with their first 100k and save the rest or invest it. It doesn't work as well for middle/lower class employees who need immediate cash instead of stocks that they can't always hold until it's worth more. Imagine working for Amazon back in the day for $30k, and come tim…

Oh pooh, I as a lower/middle class employee got a lot of stock options. They were worthless because the company stock sank, but I liked getting the options, and if the company had been managed better I would have made much bank. > I'd wager most lower income folks would take the money, since that's food on the table. Instant gratification is a large reason why lower income folks stay poor. (As for "food on the table"…

>(As for "food on the table", lower income people "invest" in lottery tickets. They clearly do have discretionary income.)

Low income people are desperate to get out of their situation because in a lot of cases, it's barely livable.

The information in the article shows that they're largely correct; A disproportionate amount of compensation goes to a small number of people - and that amount is so skewed that it can't possibly be based on performance.

If the system they're in appears illogical, you can't fault them for acting illogically.

Re: Overpaid CEOs 2019

#116

Post by system2 »

Why would anyone care about how much CEOs make? It is private industry, if the board or owner wants to pay, CEOs get paid. It is not like they are stealing tax payer's money to pay these people. When the CEOs expire, they are also replaced. It is called business.

Re: Overpaid CEOs 2019

#119

Post by perfmode »

system2 wrote: post #116

Why would anyone care about how much CEOs make? It is private industry, if the board or owner wants to pay, CEOs get paid. It is not like they are stealing tax payer's money to pay these people. When the CEOs expire, they are also replaced. It is called business.

What’s behind the growing ceo to employee income ratio?

Re: Overpaid CEOs 2019

#120

Post by smt88 »

system2 wrote: post #116

Why would anyone care about how much CEOs make? It is private industry, if the board or owner wants to pay, CEOs get paid. It is not like they are stealing tax payer's money to pay these people. When the CEOs expire, they are also replaced. It is called business.

People care because overpaid CEOs destroy value for shareholders and, in theory, may be taking money that was rightfully earned by workers.

People care about a fair society, and rewarding poor performance (or over-rewarding mediocre performance) is obviously not fair.

Note also that many of these CEOs will fire subordinates for failure while they themselves are rewarded for it with golden parachutes.

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