unnecessary expense

Comments

• polyamorypagan69@lemm.ee ⁨3⁩ ⁨weeks⁩ ago

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  • Viking_Hippie@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

    Cleaned it up for you:

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• count_dongulus@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Correction: the board voted to hand the CEO that much worth of shares

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• NutWrench@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Company-wide email: “We’ve had our best year EVER and it’s all thanks to YOU” Me: “Great. Can I have a raise?” “OH. We can’t afford THAT.”

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• 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.

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  • 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?

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    • 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.

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  • el_muerte@lemm.ee ⁨3⁩ ⁨weeks⁩ ago

    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.

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    • 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?

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  • 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?

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    • 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?

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  • ddash@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

    Which makes this better, how?

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    • 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.

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• Shardikprime@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  I don’t get it, did the workers have a baby and called it CEO or what

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