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dr_reverend t1_j5mn3cb wrote

Reply to comment by BurnTheBoats21 in CEO pay has skyrocketed 1,460% since 1978: CEOs were paid 399 times as much as a typical worker in 2021 by sillychillly

Again, if they are that valuable then why not just hire a great CEO and fire everyone else. If he is worth 400 regular workers then he should be able to manage just fine.

Sorry, I don't deny that good management is important but it simply is not that valuable that one person should be a multi million / billionaire while every one under them has to buy food stamps.

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BurnTheBoats21 t1_j5mplgt wrote

I get it. but shareholders care about making the max amount of money and they don't give a shit if a CEO is rich or broke. The fact that the market has driven exec. wages up shows that there's a value add there. it's depressing and unethical, but the free market has demonstrated that it is a worthy expense if you want to remain competitive.

I think the conversation should start at legislation that regulates the free market so we don't do this to ourselves, not a question of whether or not they're worth paying that much. If they weren't worth it, nobody would pay them that much. that's it.

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trevor32192 t1_j5mymm5 wrote

The market doesn't determine anything. It's such a cop out. They arent worth it there is nearly zero impact.

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pookiedookie232 t1_j5mzg95 wrote

Not worth it to you maybe, but if it's not your company your opinion doesn't matter

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trevor32192 t1_j5mzsw4 wrote

Not worth it to anyone. There have literally been studies that show ceo impact is basically a statistical error. They basically do nothing. The only reason they are massively overpaid is because they are budies with the boards which often consists of other ceos and rich people.

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pookiedookie232 t1_j5mzzol wrote

It must be worth it to someone or they wouldn't pay it. You don't get to decide what is worthwhile to others.

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trevor32192 t1_j5n0bfc wrote

Can you even read my responses? Ceo impact is a rounding error this isnt debatable its empirical fact.

If you pay 20k for a piece of dog shit it doesn't suddenly make the dog shit more valuable.

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pookiedookie232 t1_j5n0ib9 wrote

You apparently don't understand that other people get to value things differently than you.

Your measure of worth is not the same as everyone else on earth.

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trevor32192 t1_j5n3w1z wrote

No I just can recognize a scam when I see it. It's not an opinion when there is empirical data.

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pookiedookie232 t1_j5n5nkq wrote

The numbers may be empirical, but whether it is worth it or not is a matter of opinion.

Is $5,000 a lot of money? Opinions will vary, but the amount in question is the same.

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pookiedookie232 t1_j5mzdho wrote

You may not think they are that valuable, but if it isn't your company your opinion doesn't matter.

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CyanideKAide t1_j5nehuk wrote

That’s why I said it’s a mix of money in/money out AND supply/demand. It’s very cheap to replace a cashier

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