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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
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Work Reform
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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.
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I disagree with much here, but maybe you're onto something with the stock option thing. It would have to be legislated, and the devil's details are legion, but what if?
What if we said, "Your company profits/grosses >$X, then you can't offer executive stock options." Again, devilish details, and it's not realistically passable legislation. But what if major CEOs were thereby forced to look past the next quarter?
I work for a software dev, only 130 of us. Our CEO reports to a board of directors and will tell them quick, "We expect to lose money next year because we're investing in personnel and dialing in tech debt." And it works and the board loves it. (I know this because he shares such things in front of the whole company, every month. And shows us the numbers.)
Crazy thing? Because of his forward thinking, we keep making more money, even when we expect to lose. Nuts how that works out. :)