- cross-posted to:
- worldnews@lemmy.ml
- technews@radiation.party
cross-posted from: https://lemmy.zip/post/1125959
Archived version: https://archive.ph/iXnTL
Archived version: https://web.archive.org/web/20230806123650/https://abcnews.go.com/Business/ceos-pay-climbed-layoffs-tech-giants-alphabet-microsoft/story?id=101665156
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Gosh that’s just so surprising. You mean to tell me people who are already rich and powerful are abusing their power and riches to get even more money and power, and are in fact doing so at the expense of those under them? (This part is sarcasm)
That just doesn’t make any sense, why would they possibly gain from doing that other than another zero to show their other rich friends? (This part is semi-genuine sarcasm, because that really is all they want)
On a tangential side note, am I the only one who thinks modern game score inflation is really stupid in largely the same way? Like pinball for example; you can typically tell the era of the game based on how many digits it uses for the score. Really old games use 3, old games use 6, semi-modern use 9, and machines made today tend to use 12+. Like they just tacked on more zeroes to make it seem more rewarding but practically speaking it’s the exact same thing, just like the extra 50 million for a billionaire.
How is this not a misallocation of resources that the shareholders should be upset about? They really don’t want the company’s money going to more value add instead?
The “shareholders” are the managers of large mutual funds, who are in the same 1%er good-ol’-boys club as the CEOs. They’re the ones voting the huge blocs of shares within the mutual funds.
The middle-class folks who actually own the shares indirectly via the funds in their retirement accounts have been completely disenfranchised.
I think on an aggregate level, its easy to prove that it is. But I don’t know if there’s enough evidence on a case-by-case basis to prove it by standards needed in a court of law (against someone who can afford better laywers). Curious how much people being professional company board members influences how likely they are to vote in favor of CEO bouses.
At some point something’s gotta give up, right.