Comment

Comment on unnecessary expense

PyroNeurosis@lemmy.blahaj.zone ⁨1⁩ ⁨month⁩ 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?

Sort:hotnew top

dragontamer@lemmy.world ⁨1⁩ ⁨month⁩ 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?

source
- PyroNeurosis@lemmy.blahaj.zone ⁨1⁩ ⁨month⁩ ago
  The goal of the shareholders is to pay huge sums to the C-suite? That seems at odds with maximizing dividends for themselves.
  
  source
  - dragontamer@lemmy.world ⁨1⁩ ⁨month⁩ ago
    Because today’s hero worship culture makes the mass of shareholders believe that these CEOs have skills that cannot be replicated by cheaper labor.
    
    source