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Top 20 CEO pay in the S&P 500 is disgusting
(www.visualcapitalist.com)
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this post was submitted on 20 Sep 2023
216 points (97.4% liked)
Work Reform
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342 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
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What shareholders want isn't what the customers want, what shareholders want isn't what personnel want, what shareholders want isn't what the public wants either.
The shareholders want to fuck the customer, they want to fuck the employees, and they want to fuck the business itself. Fuck the shareholders. They didn't make the business successful, they didn't have the vision that created the value in the first place, they're leeches that ruin the business for short sighted goals.
Fuck the shareholders, and fuck the executives.
I realize that many people's retirements are tied up in stocks as well. That doesn't make us "shareholders". Without voting rights or a say, we're not really vested in the same manner executives are. When our 401k's go off to a fund manager that makes the decisions for us, we're not really "in the game" as it were. Ideally a company's stock price should be tied to the health of the company, instead what we have are artificial prices inflated by mechanisms such as stock buybacks or the stock price is speculative.
Either way, it's a shit show for us (you know, regular people) and only great for the 1%'ers. I think tying up retirements like we have been is a mistake, look at the many examples of people who lost their retirement assets due to MCI Worldcom, Enron, and Madoff.
It's a joke.