I’ll say it again, CEO pay ain’t the problem. Did the math once for American Airlines, then McDonald’s just lately. If the CEO took $0 pay, and that was spread among total employees, it amounts to chicken change.
Hell, let’s take aim at Microsoft, why not.
In fiscal year 2024, Microsoft CEO Satya Nadella’s total compensation was $79.1 million. This represents a 63% increase compared to his prior year’s compensation of $48.5 million.
And most of that was stock, not cash.
The increase is primarily due to a significant rise in the value of his stock awards, which accounted for the majority of his compensation.
They have 228,000 employees. Spread that around and it amounts to a $347 yearly bonus. (Or, $.17/hr. if you like.) If I worked at M$, I’d be fucking insulted if that was my Christmas Bonus. Hell, my last job was at a tiny software dev and we all got 10x that much, sometimes more.
Your math is correct but your argument is flawed, because you pick the wrong number. So you divide Microsofts CEO his total compensation over the other 227,999 employees, and conclude that means a $0,17 difference for 227,999 individuals every single hour they work that year. I have no clue how correct that is, but let’s just assume you’re right. Even though the tech sector generally pays quite well, there is probably someone working there for a minimum wage. But let’s say the lowest paid staff costs Microsoft $17 hourly, you could give that person a 1% increase in salary this way. That might make a big difference, who knows.
Now let’s assume the second and third best payed employees together make the same amount of money as the CEO and they also work for free from now on. That is another $0.17 every hour for all 227,997 remaining employees.
Now let’s assume the fourth, fifth, sixth and seventh positions pay as much as the ceo: another $0.17 every hour for all remaining 227,993 employees.
You can go on this way, but it’s not really realistic with these numbers. Better might be, what if you progressively lower the top earning half and spread that among the lowest earning half. I am not going to make the math, but you can drastically improve the lives of the people earning the least.
You might be right, the salary of the ceo alone isn’t the problem, but companies offering people in high-up positions more and more to be ‘competitive for talent’ while also offering the people earning the least less and less to be ‘competitive economically’ is a moral and these are the strategies and corporate values that a CEO decides on. Think about it, the people in the bottom sure as hell didn’t get a 63% pay rise. Sure, a CEO can be the solution, but in most of the cases they are the problem.
mcdonalds CEO isn’t the problem. you’re introducing a straw man to the argument; an easily-defeated example of a position, which wasn’t stated by anyone but you.
I’ll say it again, CEO pay ain’t the problem. Did the math once for American Airlines, then McDonald’s just lately. If the CEO took $0 pay, and that was spread among total employees, it amounts to chicken change.
Hell, let’s take aim at Microsoft, why not.
And most of that was stock, not cash.
They have 228,000 employees. Spread that around and it amounts to a $347 yearly bonus. (Or, $.17/hr. if you like.) If I worked at M$, I’d be fucking insulted if that was my Christmas Bonus. Hell, my last job was at a tiny software dev and we all got 10x that much, sometimes more.
Now add in the CFO, CTO, COO, CIO, board members, and major shareholders.
Now do it for the billionaires.
Not OP, but…
https://inequality.org/article/billionaire-wealth-up-88-percent-over-four-years/
https://en.wikipedia.org/wiki/Demographics_of_the_United_States
About 340 million USA Americans in 2024.
About $16,000 for every man, woman, and child in the USA, including the former billionaires.
This is great as the former billionaires can prove just how great they are by being the first to earn a billion dollars again.
That’s… obviously not what they’re talking about though?
Ugh, rub those neurons together and maybe you’ll get there…?
Then I guess it’s stock dividends?
Your math is correct but your argument is flawed, because you pick the wrong number. So you divide Microsofts CEO his total compensation over the other 227,999 employees, and conclude that means a $0,17 difference for 227,999 individuals every single hour they work that year. I have no clue how correct that is, but let’s just assume you’re right. Even though the tech sector generally pays quite well, there is probably someone working there for a minimum wage. But let’s say the lowest paid staff costs Microsoft $17 hourly, you could give that person a 1% increase in salary this way. That might make a big difference, who knows.
Now let’s assume the second and third best payed employees together make the same amount of money as the CEO and they also work for free from now on. That is another $0.17 every hour for all 227,997 remaining employees.
Now let’s assume the fourth, fifth, sixth and seventh positions pay as much as the ceo: another $0.17 every hour for all remaining 227,993 employees.
You can go on this way, but it’s not really realistic with these numbers. Better might be, what if you progressively lower the top earning half and spread that among the lowest earning half. I am not going to make the math, but you can drastically improve the lives of the people earning the least.
You might be right, the salary of the ceo alone isn’t the problem, but companies offering people in high-up positions more and more to be ‘competitive for talent’ while also offering the people earning the least less and less to be ‘competitive economically’ is a moral and these are the strategies and corporate values that a CEO decides on. Think about it, the people in the bottom sure as hell didn’t get a 63% pay rise. Sure, a CEO can be the solution, but in most of the cases they are the problem.
I don’t think you understand how profits and shareholding work but okay.
Some people don’t even get yearly/Christmas bonuses. You would be mad if your bonus went up by 10%?
mcdonalds CEO isn’t the problem. you’re introducing a straw man to the argument; an easily-defeated example of a position, which wasn’t stated by anyone but you.
https://aflcio.org/paywatch/highest-paid-ceos