That’s an abysmally small number compared to the amount of product they move.
Yes, sure, CEO’s should make less. But that amounts to fractions of a percent on the typical purchase, not 10%.
Comment on They eliminated cashiers and keep the profits. NY Democrats are fighting back.
just2look@lemmy.zip 13 hours agoThe CEO of Kroger made $15.63 million in 2024. Pretty sure there are lots of ways they could make it work. They choose not to.
Artisian@lemmy.world 5 hours ago
Steve@communick.news 12 hours ago
That’s not how math works.
2024
Revenue was $147B
Profit was $3.8B or 2.8%
The lowest estimate of sales volume through self checkout is 38%.
So a 10% self checkout discount is 3.8% hit to revenue. When profits are only 2.8% they’ll take a 1% loss.
The CEO pay being only 0.4% of that $3.8B profit. Isn’t remotely enough to matter.
just2look@lemmy.zip 11 hours ago
Do you think the CEO compensation is the only place they are siphoning off funds to the oligarchs? And even with all the greed, they are still admitting to robbing $3.8B from the working class. That’s all profits are.
The system rewards greed and corruption. So that’s what they do. They conspire with other corporations to inflate prices. They take advantage of disasters to gouge consumers. These aren’t conspiracies, they are things that have been admitted to under oath and discovered through investigation.
Artisian@lemmy.world 5 hours ago
The numbers are public. You can do the math and convince us.
Steve@communick.news 3 hours ago
Were looking a 2 different things here. I’m doing the math on a specific policy and how it would effect a specific company. You come back with generalizations and broad conceptions.
You are right generally. We agree generally. But here specifically this policy won’t do any to help that, and is bad policy-making. We’re both right.