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Nov 3 2019 01:28pm
Quote (EndlessSky @ Nov 3 2019 07:53pm)
Most of it is veiled behind the assumption that the CEO did one evil thing therefore he doesn't deserve any of his money.


The outrage mostly stems from CEO's who fucked up majorly leaving the company with a care package worth millions whilst jobs are/were being cut. That's what makes people angry. And though most people in that position would happily take the millions, it outlines a broken system.

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Nov 3 2019 01:31pm
Quote (EndlessSky @ 3 Nov 2019 20:12)
Profits are correlated with salary.

I wouldn't use Japan as an example personally. Workers work 60+ hrs per week and don't even have enough spare time to get married.


Quote (duffman316 @ 3 Nov 2019 20:23)
We can debate the compensation but worker quality of life is substantially worse in japan afaik


Quote (EndlessSky @ 3 Nov 2019 19:59)
Japan’s stock market has also been stagnant for twenty years.


None of this is caused by a "too low" CEO compensation in Japanese companies...


There is more to worker quality of life than a (preferably low) spread between worker and CEO compensation. But the opposite is true: if this spread becomes too large, then this in and off itself depresses worker qol.
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Nov 3 2019 02:32pm
Quote (EndlessSky @ Nov 4 2019 06:12am)
Profits are correlated with salary.

I wouldn't use Japan as an example personally. Workers work 60+ hrs per week and don't even have enough spare time to get married.


Nope when suzuki bank bailed out an American one In the gfc their ceo realized 7 executives at the American bank made more than him.
This bank was a third of the size of suzuki.

This post was edited by Plaguefear on Nov 3 2019 02:34pm
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Nov 3 2019 02:35pm
Quote (Plaguefear @ Nov 3 2019 03:32pm)
Nope when suzuki bank bailed out an American one In the gfc their ceo realized 7 executives at the American bank made more than him.


This is a random factoid with little to no relevance.
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Nov 3 2019 02:36pm
Quote (EndlessSky @ Nov 4 2019 07:35am)
This is a random factoid with little to no relevance.


Of course it is relevant.
It's pretty standard for executives to be over valued in western culture.

This post was edited by Plaguefear on Nov 3 2019 02:36pm
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