What should determine the pay of CEOs?

Comments

• ksynwa@lemmy.ml ⁨3⁩ ⁨years⁩ ago

  Companies should hire a CEO Executive Officer to decide that

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  • testingthis@lemmy.ml ⁨3⁩ ⁨years⁩ ago

    Hi. I'm the new CEO. Here to determine the pay of CEOs

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    • yangJ20002@lemmy.ml ⁨3⁩ ⁨years⁩ ago

      So what will it be?

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• mp3@lemmy.ml ⁨3⁩ ⁨years⁩ ago

  I'd say no more than 5x the salary of the lowest paid employee.

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  • nlfx@lemmy.ml ⁨3⁩ ⁨years⁩ ago

    Switzerland voted on a 12x initiative a few years ago: https://www.businessinsider.com/switzerlands-112-initiative-why-executives-are-worried-2013-11

    Unfortunately it got rejected after big companies threatened to fire their employees and leave Switzerland if this was accepted, that this would destroy the economy, and so on...

    Others disagree. According to World Radio Switzerland, Novartis, Nestle, Bobst, and SBB sent thousands of employees letters asking them to vote no to the 1:12 initiative, arguing that it would make Switzerland a less desirable place to do business. Earlier this year the CEO of commodities giant GlencoreXstrata said the company would consider leaving Switzerland if the law passed. “I can’t believe that Switzerland would cause such great harm to its economy,” Ivan Glasenberg said in an interview with the SonntagsZeitung. “And I say that not just as the head of a company, but as a Swiss citizen.”

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    • ErmahghrrdDavid@lemmy.ml ⁨3⁩ ⁨years⁩ ago

      "not just as the head of a company but as a rich dude with a €400k/Yr cocaine habit that I can't afford to support if this law passes"

      All of these companies would still be able to make loads of profit in Switzerland even if this law passed, seems like a game of corporate chicken and the Swiss general public blinked first

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  • PP44@lemmy.ml ⁨3⁩ ⁨years⁩ ago

    Why not lowest revenue of anyone in the country ? It would create an incentive to really create jobs and care about poverty ! If we need CEOs at all...

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    • PP44@lemmy.ml ⁨3⁩ ⁨years⁩ ago

      Or we could push it tan internatinnal rule too. If the question is about ethics and not concrete reachable political goals.

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  • DPUGT2@lemmy.ml ⁨3⁩ ⁨years⁩ ago

    So the company just hires people through an agency instead, so they can keep the current salaries?

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• OhScee@lemmy.ml ⁨3⁩ ⁨years⁩ ago

  I feel like it should have to be no more than a percent higher than the lowest paid employee

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  • DPUGT2@lemmy.ml ⁨3⁩ ⁨years⁩ ago

    I can tell it's the feelings part of you that is saying this, because the thinking part might instead realize that CEOs aren't even compensated in that way.

    Bezos, for instance, only "earns" $80,000/year. That's his paycheck.

    Most CEOS get the bulk of their compensation through stock, though there are many other lesser forms as well. (Cars, jets, homes, etc.)

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    • OhScee@lemmy.ml ⁨3⁩ ⁨years⁩ ago

      I was merely offering a max out for a CEO’s maximum salary. Obviously starting factors like family wealth and investment ownership play a role, but those are harder to moderate on a legal level.

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• AgreeableLandscape@lemmy.ml ⁨3⁩ ⁨years⁩ ago

  Ideally, the same as any other worker. And that pay should be enough to cover, you know, living, and supporting a family.

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• cyclohexane@lemmy.ml ⁨3⁩ ⁨years⁩ ago

  A CEO is a title directly associated with the corporate structure. Corporations are pure capitalist entities designed to be the most optimal way for a company to serve investor interests. Ideally, a CEO should not exist for this reason, as investors shouldn't either.

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• SudoDnfDashY@lemmy.ml ⁨3⁩ ⁨years⁩ ago

  Voted for by the workers.

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• bruhbeans@lemmy.ml ⁨3⁩ ⁨years⁩ ago

  CEOs should be paid in exclusively in ligma.

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