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Chippys_mittens@lemmy.world ⁨1⁩ ⁨month⁩ ago

• cecilkorik@lemmy.ca ⁨1⁩ ⁨month⁩ ago

  CEOs get a lot of hate but that’s intentional. They’re really just the fall guys, the disposable lightning rods to attract the hatred and the consequences for the true villains actually motivating the evil decisions the CEOs make. Meanwhile they ride the executive suite carousel, round and round the economy, looking important and golden parachuting from one company to another, pretending they’re making the hard decisions when they’re really just making the only decisions they’re allowed to. They make a lot of money compared to the rest of us, but they typically don’t make billionaire money unless they’re owner/CEOs.

  It’s the owners and the financiers and the corrupt politicians and lobbyists really calling the shots. The CEOs are just their henchmen and executioners. They’re well compensated for what they do, but they’re not really in charge.

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  • scarabic@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Thank you for complexifying the stereotype of the mustache-twirling CEO, which most people can’t see beyond. There certainly are more people to blame than just CEOs - people with more power. The entire concept of a fiduciary seems like the seed of evil to me. Once you have a CEO beholden to pursue the interests of shareholders to the exclusion of all others, the incentives are in place for people to get hurt. The shareholders don’t really have to call a single shot (and they usually don’t). The financiers / shareholders are still guilty of participating in this system at all, of course, but surely the CEO is at least as guilty since he’s usually also a shareholder and will be the fiduciary in question to actually carry out the hurting. So I think it’s fair to hate the CEOs, actually, as much as anyone.

    But I would agree that the politicians and lobbyists have to be on this list, probably at the top of it. They are the only ones who can do anything about this entire system, which, as soon as it exists, is a recipe for hurting people. The people who drive the regulatory capture that allows our system to become so shitty are surely going straight to hell.

    What of the rest of us though, who don’t even run for office and give them a challenge?

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