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Jim "Scumbag" Farley
(lemmy.ml)
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this post was submitted on 17 Sep 2023
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As an MBA, I will simply state that you all do not understand capitalism. A CEO is kind of like a sports star. They make what they make because they are making all the hard shots and keeping the team afloat. They are like the captain and coach of the team in one. It takes many years to curate the skills required to be a good CEO and there are only so many people good enough in each industry to take on the challenge. 21M is modest compared to Ford’s profits. If they provided less, he would simply move to a competitor in the same way that sports stars shop around. The idea that everyone in the company should have their salaries compared in terms of orders of magnitude of the CEO is insane. It’s like attempting to say that the janitor at a doctor’s office should have to make tens of thousands above the going rate of what a janitor’s output is worth on the open market simply because the star of the business is able to bring in a lot of money. In general, the idea that the CEO doesn’t work as hard as the line workers is incorrect. They CEO meets all day with direct reports and investors and steers the ship.
Is this sarcasm?
No. You live in a capitalist economy. This is how that system works. Market movers make money. CEO’s are the company’s superstars.
"Market movers make money" by shipping jobs over seas and busting unions. That's the part of the CEO's job description. They work hard at it alright, but a guillotine works harder.
So the government should incentivize keeping jobs local. If you aren’t exploiting all available options, then your competitors are.
There should be sanctions on greed. It should be illegal. The amount of death and destruction it causes is insane and yet the greedy just reward themselves for it.
You are absolutely delusional, and frankly, unless you are a million/billionaire, then you have been brainwashed into thinking you are important. (Not that billionaires are important. Just that thry have fooled you into thinking you matter more than anyone else.
You can carry on believing that you dont need every cog in a machine to make it work, but it won't make you right.
What i find so funny is that you dont se to realise that if every ceo got thanos snapped out of existance, most of the machines would continue to run for quite some time and would likely self repair that one tiny ceo shaped hole. Bit if the same happened to the underpaid workforce, the machine grinds to a halt instantly.
Im reminded of a joke where an FBI agent visits a farm and needs access to a certain field. He goes to the farmers' house, says he needs access, and the farmwr says no. The agent shows his badge and statea he is a federal agent and that this badge means he can go where he wants, when he wants.
The farmer laughs and says ok.
Later, the farmer heres shouting and screaming outside and sees the agent running from an enormous bull in that very field. He hurridly opens the door and shouts QUICK QUICK SHOW HIM YOUR BADGE!!!!
Well i hope your importance is enough to save ypu when the workforce have had enough.
I’m not saying that you need every employee to make a company run. There is a lot of waste. I’m just trying to help you understand how CEO’s work. The don’t necessarily keep their job either. The board can remove then if they aren’t making the company money. Sure, I’d like to get paid more than my quarter million or so. It really isn’t enough, but I’m working my ass off to get to the top of my ladder. It’s not necessarily the CEO at my current company, but it could be close to it somewhere else. You just don’t want to play the game. If you want a good listen, my favorite albums of all times are The Kinks - Preservation: Act 1&2. It’s a great social commentary on workers rights and getting manipulated for profit. The answer is somewhere in the middle where commerce is regulated appropriately, but not by throwing the baby out with the bath water and eating the rich. If you go too far social left, you end up in the territory of a restrictive regime. It’s confusing how that works. There are plenty of terrible governments in history that swung the socialist banner.