Busting the “Paid What You’re Worth” Myth

only difference is one is also a shareholder and the other is not.

The shareholders (often through a proxy like a board of difectors) determine the compensation of the CEO.

 

Board directors, some of whom are CEOs of other companies, voting for outrageous salaries for the CEO so that the same CEO in question -- a board member of other companies -- will vote for the ridiculous compensation packages for them at their companies. Round and round we go.

 

My mistake. You replied to a post of mine which was in response to another poster referring to the corruption and so on.

 

Who is to decide what's fair or not. Definitely not some "intellectual" outsider who never was a worker or a CEO. Everybody in the business knows the risks and what the CEO and the worker are worth for the business.

 

Spend the ~4 minutes watching the video. Then post.

 

Does that include you? Do you know what they're worth?

 

Power wins.

Workers can get some power by uniting.

Its amazing how so many with so little, relatively speaking, are against workers simply uniting.

Typical of life in America 2023, where many don't even talk to or know who their next door neighbor is.

 

That was the gist of the video.

 

I'm not disagreeing with you that shareholders should take a more active stance on executive pay.

But this has nothing to do with the workers comp.

Let's be honest you don't give a fuck what McDonald's workers get paid. You only care what the CEO gets paid. And the same is true for Robert Reich.

 

Workers have a lot of power. Most just don't create a lot of impact to earn more in wages. No one will pay a worker more than the company earns from his labor.