That’s meaningless pedantry that doesn’t contribute to the discussion or alter the message in any way, but go ahead and give yourself a pat on the back for showing everyone how very, very smart you are.
Comment on unnecessary expense
dragontamer@lemmy.world 3 weeks ago
A good example of the ignorance of the masses and the left
The Board of Directors selects (and pays) the CEO.
el_muerte@lemm.ee 3 weeks ago
dragontamer@lemmy.world 3 weeks ago
The board of directors removes the obvious corruption argument.
And shareholders select the board of directors anyway, so if shareholders agree to new terms of values then CEOs can and will be fired.
I’m looking at Intel for example and how they mistreated Pat Gelsinger and fired him despite being a technical leader. And the new incoming CEO is Lip-Bu Tan, who is a non-technical finance bro who is worse. Why did the shareholders (and board of directors) prefer Lip-Bu Tan?
mmddmm@lemm.ee 3 weeks ago
The board of directors removes the obvious corruption argument.
Hum… Not exactly, but it does shift the burden.
meekah@lemmy.world 3 weeks ago
I really don’t see how that makes much of a difference. The CEOs can just leave if the board doesn’t pay them what they want. And since the boards want them specifically as CEOs, they end up paying what the CEOs are asking for. So the CEOs are paying themselves with some extra steps. Or am I missing something?
dragontamer@lemmy.world 3 weeks ago
That’s literally the same power you have at work. Just leave work if you don’t like your paycheck.
Do you see how stupid that argument sounds now?
meekah@lemmy.world 3 weeks ago
I think its quite a different thing for someone who has a net worth in the millions. It’s not the same at all for someone living paycheck to paycheck.
dragontamer@lemmy.world 3 weeks ago
Exactly, except in reverse.
If you want to attract the talent of someone who has network in the millions, you need to pay them more.
ddash@lemmy.dbzer0.com 3 weeks ago
Which makes this better, how?
dragontamer@lemmy.world 3 weeks ago
It’s not about better or worse. It’s about being correct and understanding the people and societal structures at work here
If you aren’t interested in knowing how and why CEOs get paid, maybe don’t make dumbass memes about this subject.
PyroNeurosis@lemmy.blahaj.zone 3 weeks ago
If you aren’t interested in knowing how and why CEOs get paid
Sure, I’ll bite: Why are we paying CEOs such exorbitant salaries while the workforce struggles?
dragontamer@lemmy.world 3 weeks ago
The board of directors is doing so. And they do so because the board follows the will of the shareholders. And the shareholders ultimately decide the fate of companies.
But that won’t fit in a simple meme will it?
Shirasho@lemmings.world 3 weeks ago
You are quite ignorant yourself.
Executive compensation is ALWAYS a question that is voted on during shareholder meetings. Guess who owns majority stock?
dragontamer@lemmy.world 3 weeks ago
Depends on the company.
Tim Cook, CEO of Apple, owns 0.02% of Apple for example. This is #1 largest company in the world.
Satya Nadella, CEO of Microsoft, owns 0.01% of Microsoft. This is the 2nd largest company in the world.
Jensen Huang is 3.5% of NVidia a serious level of ownership but a far cry from controlling the board. 3rd largest company but the biggest shareholder is Vanguard.
cubism_pitta@lemmy.world 3 weeks ago
Those evil boards, FORCING ungodly sums of money into a poor CEO’s pocket :(
dragontamer@lemmy.world 3 weeks ago
Non sequitur and you know it. Hopeless blathering hoping to find some way to make this meme correct.
Just rewrite the meme correctly from the start so that it’s actually a reflection of reality rather than a reflection of ignorance.