These companies paid their employees a median wage of $31,672 in 2022, while their CEOs took home an average $15.3m

  • pjhenry1216@kbin.social
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    1 year ago

    I’m ok with this, but it’s essentially just a step toward socialism which is the better option (but will never happen). Because all this will do is make CEOs less wealthy from the company itself. The investors still make tons more than the CEOs already and they don’t do anything. You need to force revenue sharing essentially which is just socialism with extra steps. Cause CEOs will just end up investing in other companies and still be wealthy and get less compensation from the company itself.

    • Semi-Hemi-Demigod@kbin.social
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      1 year ago

      Exactly. Increasing pay would be really, really nice. But we can do that and have more control over our workplaces. Worker owned companies would prevent huge disparities in pay from reoccurring, regardless of what the government does.

      Like a wise and angry man once said: “Fuck the G rides, I want the machines that are making them.”

    • Wilibus@lemmy.world
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      1 year ago

      I don’t think the point is for them to be less wealthy, the point is you shouldn’t make more than 600 times what half your employees make.

      • pjhenry1216@kbin.social
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        1 year ago

        I know. But investors don’t care. They’re the root of the problem. CEOs are simply an employee of the company that ultimately represents the shareholders interest. Affecting their pay does not affect shareholder value that much. It just commoditizes the CEO position.

        • solstice@lemmy.world
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          1 year ago

          Seriously, I literally just posted the same comment basically. It’s really silly how fixated on CEOs people are. I guess they are an easy scapegoat example, but they’re just goons hired by the board of directors on behalf of the shareholders. It’s not like they straight up own the company. (Yeah yeah yeah, there’s stock compensation, and some founder CEOs like Zuck still own shares after IPO etc, i know.)

    • Franzia@lemmy.blahaj.zone
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      1 year ago

      Socialism is the abolition of social classes. Regulating capital is usually called Social Democracy, or Marxism. Honestly, sieze the means of production.