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cyu@sh.itjust.works

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Starbucks refuses to guarantee 2% raises - well below cost of living increases. Their CEO make millions. They can afford it. (connectified.com)

submitted 5 months ago by cyu@sh.itjust.works to c/unions@sh.itjust.works

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[–] linguinus@lemmy.zip 6 points 5 months ago (1 children)

You beat me to it! Fighting for the billions spent on dividends and stock buybacks is how workers will reclaim the surplus they generate for the company and win meaningful raises. That said nobody deserves compensation of tens or hundreds of millions of dollars per year, so I agree with others that cutting ceo pay is an important symbolic victory, even if it's a drop in the bucket of money flowing through the corporation.

[–] boonhet@sopuli.xyz 3 points 5 months ago

It's my opinion that the CEO pay is bait to draw attention away from the dividends and stock buybacks.

Fight those and the shareholders will no longer vote for exorbitant CEO salaries. Unless we're talking about companies that do something else that's highly unethical and need a fall guy. To me, CEOs are almost patsies. They're the people the board can fire when the peasants start revolting, or when the company gets caught covering up a toxic chemical spill, or whatever.

Reduce their value to the shareholders, and their pay packages WILL start to go down.