Lemmy, stop upvoting this BS, you jealous basement dwellers.
Say all you want about unfair pay, but those CEOs work absolutely mad hours and the most insane schedules you can possibly imagine.
Comment on Microsoft CEO's pay rises 63% to $73m, despite devastating year for layoffs
turbowafflz@lemmy.world 4 weeks ago
And I bet he does less work in a day than every single one of the people who were laid off to fund his pay
where_am_i@sh.itjust.works 4 weeks ago
FigMcLargeHuge@sh.itjust.works 4 weeks ago
Maybe they can come up with some technology that would someday take the position of CEO. Think of the savings…
YtA4QCam2A9j7EfTgHrH@infosec.pub 4 weeks ago
Right, but the whole point of a corporation is to benefit insiders at the expense of the owners, employees, suppliers, customers, people that breath air, dolphins, platypi, etc.
rambling_lunatic@sh.itjust.works 4 weeks ago
It’s to benefit the owners
YtA4QCam2A9j7EfTgHrH@infosec.pub 4 weeks ago
Nah, maybe in terms of stock price temporarily. But these layoffs are all anti value by destroying institutional knowledge, employee loyalty, etc. C suite fucks don’t know anything about their businesses and these sorts of moves always fuck owners in the end. Look at boing, GE, etc. When these Jack Welch types get into management they always fuck over the long term owners and get very rich doing it.
Then again, Im a weirdo that believes in equities having long term intrinsic value so don’t listen to me.
RedditRefugee69@lemmynsfw.com 4 weeks ago
I’m pretty sure CEOs are supposed to be one of the most AI replaceable jobs.