Considering the fact that they usually have to be in work mode 24x7 and that their decisions will potentially impact the lives of thousands of workers I think it’s fair. You can only ask for higher accountability if there are higher rewards. 200 million though is ridiculous
Don't you think the pay structure of the CEO is unfair towards workers who work harder than CEO?
- Thread starter Claudia Love
- Start date
HP Ink is one of the most expensive substances on earth by volume. More expensive than gold in fact. Gold is expensive because of real rarity and effort in mining it. The real value of ink is about that of water (in ease of production and it could be sold for pennies per gallon and still make a profit) but :
Why is printer ink more expensive than gold?
Kit Chapman from Chemistry World took on this chemical query from listener David.
Yes but keep in mind the OP is not an escort. She's just a crazy person who starts threads. I wish she stayed on the other board.
Most CEO by money (vs numbers, CEOS of small business I hazard to guess are more numerous as people but not revenue) are NOT capitalists more more than the mercantile system of the 1500s was capitalism or Communist China is Capitalism. Just because MONEY exists does not make a system capitalistic - though most people confuse any market system as capitalism -
An escort, an escort agency, a small private partnership there are all capitalism. Monoploies , oligopolies, state corporations, Farm co-ops, multi nationals ,Kibbutz's are all non capitalistic institutions that may work within a capitalistic system but are opposed to some degree to capitalism.
If they followed capalism they would no longer exist - few CEO's could exist within the free market.
If CEO where payed in share they could only cash in 5 years after receiving them I be more open to in theory hi pay rates (in shares) as they have to make decions that held up over time. Presently many CEOs make more money by destroying there own companies at start, being paid in the lower price shares and then "saving" the company latter. Or selling large parts of the company that are needed long term to gain share price in the short term. Or a host of other high inventive but bad moves.
The problem in your reasoning is that most important jobs are not paid on hourly basis. Good lawyers or CEOs do get their pay as a salary - they get paid for the results they achieve. Of course when you are very good at it, you must protect yourself from exploitation (by owners who want to use your skills but do not want to pay for it) , and this is why we have golden parachutes.
So, why exactly SPs do not like when people discuss their rates here? What you said about companies apply to SPs too. Hell, it applies to anyone operating any business.That like saying the only people who care about what the police are up to are criminals and lawyers, and those who have been victims of crimes.
Both are covered by the press and if the press is doing its job we don't have to keep track of the day to day proper operations - we focus on the errors - (see further reading)
A public company is in the public marketplace. ANYONE who has money in there pocket should care what they are up too. I know the average person prefers dictatorship with an occasional fake vote at the ballot box but democracy and the duties it entails are far more than minding your own business and keeping your head down - but there is a reason many tie Locke's and Smiths political and economic writings on democracy and capitalism together since "the invisible hand" only works in an open and free system where secrets are at a minimum. This board is testament to that philosophy.
Further reading
The disturbing rise of the corporate mercenaries
It’s not too late to rein in these unaccountable armed giants, but we need to act fastwww.opendemocracy.net
OK I have heard this before but I have seen her advertise here, so are you saying she pays but never books an appointment or do you guys just believe she doesn’t work because you think she can’t get work, or because she is online a lot. Because I am online a lot and I make bank. I also advertise when I am not working like I did between November and February this year, but just because I am taking time off, doesn’t mean I am not an escort. So I am confused. How is she not an escort?
After some consideration…. I think you are correct when looking at individual cases. If you are personally a CEO, it is not my business what you personally earn. So, I will give that.
Can I not criticize the trend though? Can I not look at a big picture… and say that data is troubling?
The irony is that a publicly-LISTED company is privately owned. That is what confuses people.
They are - they have to follow the law on matters of safety, taxes, labour laws etc. Their buildings must follow the building code. They can't pollute.
That is the accountability. What they invest in a CEO is for them to decide, just like they can decide on buying an expensive piece of machinery that they feel will improve their profits.
What world are you looking at. That's like saying escorts can't do there trade because of the law. Public companies do have to follow the law more than others, because of shareholders they have to stay accountable to them which accidentally makes them more accountable to the law A shareholder noticing a slush fund and might investigate even if it turns out the slush fund is for bribes that make the company money - there just illegal.
The Royal Bank has paid millions in fines for illegal practices - the one most interesting is money laudring. They rarely get caught and the fine is far less than the money they made illegally - experts often look it as the corruption tax - pay X percent of illegal profits as fines
Canada’s two biggest banks to pay almost $23 million in total to settle probe into FX trading chat rooms
RBC to pay $13.55 million and TD to pay $9.3 million over allegations traders shared confidential customer information to gain an advantage
financialpost.com
Canada’s two biggest banks to pay almost $23 million in total to settle probe into FX trading chat rooms
RBC to pay $13.55 million and TD to pay $9.3 million over allegations traders shared confidential customer information to gain an advantage
financialpost.com
Anti-money laundering watchdog’s secrecy a disservice to Canadian banking industry, advocate says
Watchdog’s secrecy over $1.1-million fine has smeared reputation of Canada’s banking industry, advocate says
There have been no "laws" to speak of for years. That's why CEO get paid the big bucks.
A bank lost large sums of money (to me pipe change for the big boys) which they paid back to me from - off the record slush fund. "Happens all the time I was told, don't worry about it." Shady but I wanted my money back so I just took the money and ran.
Everything you just said has nothing to do with the compensation of the CEO.What world are you looking at. That's like saying escorts can't do there trade because of the law. Public companies do have to follow the law more than others, because of shareholders they have to stay accountable to them which accidentally makes them more accountable to the law A shareholder noticing a slush fund and might investigate even if it turns out the slush fund is for bribes that make the company money - there just illegal.
The Royal Bank has paid millions in fines for illegal practices - the one most interesting is money laudring. They rarely get caught and the fine is far less than the money they made illegally - experts often look it as the corruption tax - pay X percent of illegal profits as fines
Canada’s two biggest banks to pay almost $23 million in total to settle probe into FX trading chat rooms
RBC to pay $13.55 million and TD to pay $9.3 million over allegations traders shared confidential customer information to gain an advantage
Canada’s two biggest banks to pay almost $23 million in total to settle probe into FX trading chat rooms
RBC to pay $13.55 million and TD to pay $9.3 million over allegations traders shared confidential customer information to gain an advantage
Anti-money laundering watchdog’s secrecy a disservice to Canadian banking industry, advocate says
Watchdog’s secrecy over $1.1-million fine has smeared reputation of Canada’s banking industry, advocate sayswww.thestar.com
There have been no "laws" to speak of for years. That's why CEO get paid the big bucks.
A bank lost large sums of money (to me pipe change for the big boys) which they paid back to me from - off the record slush fund. "Happens all the time I was told, don't worry about it." Shady but I wanted my money back so I just took the money and ran.
The vast majority of CEO's don't make $200 million per year. Or even $1 million per year for that matter.
I can also assure you that no lower level worker is working close to as hard as the CEO of a publicly traded company. They aren't making their millions by working 9-5. In some cases its a 24/7 job.
I can also assure you that no lower level worker is working close to as hard as the CEO of a publicly traded company. They aren't making their millions by working 9-5. In some cases its a 24/7 job.
I dont know anyone to turn down an 18 hour shift 7 days a week as long as theres overtime. It a ceos job to make sure this never happens. Feep the hoyrs low no overtime is a daily email that came with coffe. Hard work has zero jstification for pay past 50 hour
Damn, you've hit the nail on the head, I recant everything I've said, the clarity of your intellect surpasses any impoverished logical tidbit I could ever scrabble together, only to be demolished under the wheels of your penetrating insights....
I hire a CEO who wants $250,00 a year and he generates $500,000 in revenue
I hire a CEO who wants $5,000,000 a year and he generates $23,750,000 dollars
Who would you hire?
Mic drop.
Bloviated diatribe, answer my question.
It illogical but obviously both - they both generate large profits why would I turn down a free 250 K as a side dish? Why just buy one golden swan when I can have one shiting out silver as well? I certainly can afford it from future revenues.
For that matter, I just keep hiring all the CEO'S on the world that generate more money than they cost and be the richest person of the year. My product is units of CEO since they piss out cash and shit gold.
Further reading from Harvard Business revue, the one who churns out these Golden Egg CEO's:
The Myth of the CEO Hero
The recent removal of Danone’s CEO and chairman, Emmanuel Faber, has been seen by many as a clash between activist investors and stakeholder capitalism. But the actual implications aren’t that simple. Danone’s circumstances offer a much more important lesson: In the quest to design a corporate...
hbr.org
and quote of the day
CEOs Are Workaholics -BUSTED
The idea that CEOs have to work 100 hours a week or more isn’t true. “When I cut my hours, my business started to make more money,” says Andrea Goulet, cofounder and CEO of the software-remodeling firm CorgiBytes. “My job as a CEO was not to work the most hours, it was to make the right decisions at the right time. In order to have a clear head and make good decisions, personal health and downtime had to come back.”
Andrew Newman, CEO and founder of the cybersecurity company Reason Core Security, agrees. “I think it’s vital to unplug at times and reboot,” he says “Outside of the office, when I am not at home with my family, I am an avid snowboarder and black belt in karate. Being able to work out my body and my mind keeps me sharp. When not being extremely active, a little known fact is that I am a Lego collector. Growing up doesn’t mean you have to grow old.”
And there are industries where the CEO is the product.
Elizabeth Holmes comes to mind, she had no products to sell but her image.
and of course Entertainment : sex work, sports stars, movie stars. The person in this case IS the business.
Doctors no - with a few rare exceptions. Any doctor experienced in practice now would not be able to get close to medical school with the marks they have now - so the highest paid docotors are on first glance susstantively inferior to the worst medical cadet getting into med school. Of course, as with CEO myth there is more to the story.
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