334

Microsoft CEO Nadella's compensation drops... to $48M — CEO to employee pay ratio hits 250 to 1 (www.theregister.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

37 comments fedilink hide all child comments

Microsoft CEO Nadella's compensation drops... to $48M — CEO to employee pay ratio hits 250 to 1::Try to hold back your tears as CEO to employee pay ratio hits: 250 to 1

you are viewing a single comment's thread
view the rest of the comments

[-] Ravi@feddit.de 27 points 1 year ago

I'd like to see such a rule, but doubt that there won't be any loopholes to circumvent it. You can already see some of those in sports. There are a lot of stories on how clubs "dealt" with financial fair play in european football and I heard rumors of a similar thing with the american salary cap too.

Just some ideas:

ridiculously long contracts with "fair" pay
managers are working for a seperate company that only contains managers
seperate overpayed contracts for a none existing job
material/service based rewards like private jets

All in all good luck with finding a politician pushing this through (most lf the are exactly in those positions) and finding all the loopholes. Rich people can pay a lot of experts to become even richer

[-] ribboo@lemm.ee 19 points 1 year ago

There will always be loop holes, but then you fix those. And regardless, loop holes are not used by all, and they take time to find. So that’s no reason not to do it.

[-] Ravi@feddit.de 7 points 1 year ago

Absolutely right, but nobody should expect it to be a perfect solution to all the problems.

[-] AstridWipenaugh@lemmy.world 6 points 1 year ago

All you have to do is have a subsidiary corporation that the executives work for. They get paid whatever insane amount and the parent company hires the executive company so it's not direct payroll. I've seen this exact arrangement done for other tax reasons.

[-] novibe@lemmy.ml 2 points 1 year ago

Those are only loopholes if they are allowed to exist. If people do those things, but then get fined/persecuted as they are infringing on the spirit of the law to limit executive/worker pay ratio, then they are not loopholes right?

this post was submitted on 21 Oct 2023

334 points (96.6% liked)

Technology

59438 readers

4336 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS