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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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[–] 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.