CEO pay and stock buybacks have soared at the largest low-wage corporations

Post by packetlost » Thu, Aug 21, 2025, 11:27 PM UTC

mnky9800n wrote: post #60

nostrademons wrote: post #8

It’s entirely possible that this is causal ABs deliberate, ie the reason why boards of these companies have approved large CEO pay packages is so that the CEO will align themselves with the shareholders paying them rather than the workers working for them and cut wages so the money can be returned to shareholders as buybacks.

Do you have an iPhone? Mine is constantly turning “and” into “ABs” when I type with swipe.

Post by simianwords » Thu, Aug 21, 2025, 11:28 PM UTC

drunner wrote: post #118

simianwords wrote: post #112

I did an exercise here: the average CEO salary of S&P 500 is around $20M. That's around $10B totally. Assume there are three executives - so thats around $30B annually. Lets go much further, lets multiply this by 10 to account for top 5000 companies (in practice it would be more like top 20,000 because the lower companies have much lower CEO salaries). There are around 300 million people in USA. By redistributing the…

As shown by the covid payments. $900 a year is a lot of money to a lot of folks. Heck annual social security average is 24k a year, so you are talking about nearly 4% more money for just those people alone.

Post by unyttigfjelltol » Thu, Aug 21, 2025, 11:29 PM UTC

mullingitover wrote: post #94

necubi wrote: post #47

Earlier quoted context omitted.

Buybacks are just a more tax-efficient way to issue dividends to shareholders (dividend issuance is a taxable event and at short-term rates, buybacks raise the stock price and those gains aren't taxable until you sell, at which point it may be long-term cap gains). It's reasonable to be upset about the fact that this is arguably a tax dodge! But all of the other criticism of buybacks apply equally to dividends which…

> buybacks raise the stock price and those gains aren't taxable until you sell They temporarily raise the stock price for the people who are the counterparties to the stock purchase, but isn't that also creating a taxable event for them? Once the buyback is done, what's keeping that share price from sliding right back down to earth? The shareholders who support the company and hold watch a group who bet against the c…

Post by Herring » Thu, Aug 21, 2025, 11:30 PM UTC

simianwords wrote: post #112

I did an exercise here: the average CEO salary of S&P 500 is around $20M. That's around $10B totally. Assume there are three executives - so thats around $30B annually. Lets go much further, lets multiply this by 10 to account for top 5000 companies (in practice it would be more like top 20,000 because the lower companies have much lower CEO salaries). There are around 300 million people in USA. By redistributing the…

Post by Forlien » Thu, Aug 21, 2025, 11:31 PM UTC

drunner wrote: post #118

simianwords wrote: post #112

I did an exercise here: the average CEO salary of S&P 500 is around $20M. That's around $10B totally. Assume there are three executives - so thats around $30B annually. Lets go much further, lets multiply this by 10 to account for top 5000 companies (in practice it would be more like top 20,000 because the lower companies have much lower CEO salaries). There are around 300 million people in USA. By redistributing the…

As shown by the covid payments. $900 a year is a lot of money to a lot of folks. Heck annual social security average is 24k a year, so you are talking about nearly 4% more money for just those people alone.