Post AZu2obMfBbsn7eDCDo by stux@mstdn.social
(DIR) More posts by stux@mstdn.social
(DIR) Post #AZu0cjxbCa2COkhkFU by stux@mstdn.social
2023-09-18T20:16:56Z
0 likes, 0 repeats
CEO's are just hired because they can talk their way out of anything..Reporter asks CEO about her nearly $29 million in compensation as workers strike #GM #strike #CEOs #pffff https://www.youtube.com/watch?v=ZaQ_ieEHOEc
(DIR) Post #AZu0mknovQCRuFuCiu by stux@mstdn.social
2023-09-18T20:18:47Z
0 likes, 0 repeats
If it comes to employees, they can only enjoy a salary raise amany strikes and ONLY IF the company does well and MAYBE get an extra 20%Meanwhile the CEO ALWAYS gets a 34% raise and already makes freaking 30 million.. :amaze: And they keep wondering why people keep striking..
(DIR) Post #AZu0yhXSsyPFG6x6bg by yasufadhili@mastodon.social
2023-09-18T20:20:57Z
0 likes, 0 repeats
@stux It's just the fuckin system
(DIR) Post #AZu13no30jQs938oKG by stux@mstdn.social
2023-09-18T20:21:52Z
0 likes, 0 repeats
She makes 29 million a year. Based on 260 working days in a year that's 111,538 dollars a day. Divided by 8 hour work day comes to 13,942 dollars an hour. If divide by 60 minutes she earns 2324 dollars a minute. She takes a 5 minute potty break and gets 11970 for her effort.WTFFFFFFF
(DIR) Post #AZu18n1XLapDAMpRke by zachklipp@androiddev.social
2023-09-18T20:22:49Z
0 likes, 0 repeats
@stux this interviewer is good
(DIR) Post #AZu1B9rLPr16ZKBsm0 by stux@mstdn.social
2023-09-18T20:23:14Z
0 likes, 0 repeats
@zachklipp indeed! the CEO on the other hand is annoying and keeps repeating the same over and over
(DIR) Post #AZu1GyeO0I9RXfu8C8 by justafrog@mstdn.social
2023-09-18T20:24:19Z
0 likes, 1 repeats
@stux There really ought to be a max multiplier.X times your lowest paid worker or outsourced indirect hire.If the CEO wants more money, they have to share with everyone.And CEO money gets counted no matter if it's wages, bonus, stock options or stocks.
(DIR) Post #AZu1M4MEDDO8grq5lQ by stux@mstdn.social
2023-09-18T20:25:09Z
0 likes, 0 repeats
@justafrog Ding ding ding! Exactly!But even that has to be fair 😮 this is just soo insane.. if someone earns 30 mill a year something isn't right
(DIR) Post #AZu1OsHzXRO487CAJk by nuncio@mstdn.social
2023-09-18T20:25:43Z
0 likes, 0 repeats
@stux NOBODY earns that kind of money. And I bet all she does all day is talk to other CEOs.Capitalism = Hypocrisy
(DIR) Post #AZu1dcxkntsMwJlQJ6 by JoBlakely@mastodon.social
2023-09-18T20:27:37Z
0 likes, 0 repeats
@stux reporter is asking good questions. I'd like her to be a little less accepting of the bullshit answers.
(DIR) Post #AZu1iOANFCFqUswAQy by yasufadhili@mastodon.social
2023-09-18T20:27:06Z
0 likes, 0 repeats
@justafrog @stux We all see the 30 mill figure right
(DIR) Post #AZu1iP1u2B4ZAtyurw by stux@mstdn.social
2023-09-18T20:29:10Z
0 likes, 0 repeats
@yasufadhili @justafrog yess that should be capped :ablobwink: For example, an CEO can only have xx or x times the amount of an employee so it always rises
(DIR) Post #AZu1j17YPcAjJQuxxA by trebach@functional.cafe
2023-09-18T20:29:21Z
0 likes, 0 repeats
@stux "92% of it is based on performance of the company..." 29 million * 8% is 2.32 million!
(DIR) Post #AZu1rcOJj3HRDlrNa4 by Aviva_Gary@noc.social
2023-09-18T20:31:00Z
0 likes, 0 repeats
@justafrog @stux This ^
(DIR) Post #AZu20Y01QL1WCqkncu by AHU4y5aWnraB3XHz0a.mxtthxw@mxtthxw.art
2023-09-18T20:32:21Z
0 likes, 0 repeats
@stux I reckon she should go on strike, how the hell is anyone meant to get by on $29,000,000 ffs.
(DIR) Post #AZu239Kpa8Kea0jBui by stux@mstdn.social
2023-09-18T20:32:58Z
0 likes, 0 repeats
@mxtthxw it's like 1 years work and you go do whatever for the rest of your life.. 30 times over
(DIR) Post #AZu2maCOY6OcvbRjMW by trebach@functional.cafe
2023-09-18T20:41:12Z
0 likes, 0 repeats
@stux "This is a cyclical business..."Then save during the booms to weather the busts. You don't have to be a business major to work this out! Putting your employees over a barrel during a recession just to keep the lights on means that you failed as a CEO and should be sacked while forfeiting any golden parachute you would have gotten
(DIR) Post #AZu2oYuwHiW9X5E1jM by SteveClough@metalhead.club
2023-09-18T20:36:07Z
0 likes, 0 repeats
@justafrog @stux Yes - and that would indicate just how divergent the pay is. A multiplier of - say - 100 would be considered very restrictive, but it means that the top people are earning 100 times what the bottom people are.So in 4 days, they earn what the lowest paid earn in a year.Also - this needs to find a way of including part time, contract, even service staff.
(DIR) Post #AZu2oZuGbhZebHv0K0 by justafrog@mstdn.social
2023-09-18T20:37:32Z
0 likes, 0 repeats
@SteveClough @stux Easy to catch in "hourly wages", no?The math and accounting is not complex and well within the capability of modern payroll administration.It's 100% about whether any political party has the guts to enact it.
(DIR) Post #AZu2oaaS4rJmi7eh4i by SteveClough@metalhead.club
2023-09-18T20:40:38Z
0 likes, 0 repeats
@justafrog @stux Probably. But then, how do you establish how many hours the CEO actually works.....But making an assumption of 2000 hours a year, you can make it work out.The main thing is to make sure it is not easy to abuse (which is the problem if you are not careful)
(DIR) Post #AZu2obMfBbsn7eDCDo by stux@mstdn.social
2023-09-18T20:41:28Z
0 likes, 0 repeats
@SteveClough @justafrog Same as with the rest of the employees :blobcatgiggle: And even if they abuse, it would be sooooooo much less than 30m for example
(DIR) Post #AZu2rYgraLmBhI4Pc8 by noondlyt@mastodon.social
2023-09-18T20:42:07Z
0 likes, 0 repeats
@stux She literally wipes her ass with money rather than pay people what they're worth.
(DIR) Post #AZu3aMM0IZjIT3fyme by stamberry@mastodon.nl
2023-09-18T20:50:10Z
0 likes, 0 repeats
@stux What is even worse, there is absolutely no responsibility for them for damage they make to people and company.Stephen Elop has literally destroyed half of the Nokia company. Tens of thousands engineers lost jobs in several rounds of reductions. Responsibility? He received 18,8 million EUR bonus.Martin Winterkorn allowed VW to earn money by cheating on customers. VW only exists because german politicians saved it. Received $12 million bonus.
(DIR) Post #AZu4CTWg55JxiRqMzI by Keev@mastodonczech.cz
2023-09-18T20:56:57Z
0 likes, 0 repeats
@stux You can't imagine how expensive is the daily life for a 30M/Y CEO
(DIR) Post #AZu4DXgC7k9Kt4ntz6 by swamptin@freeradical.zone
2023-09-18T20:57:13Z
0 likes, 0 repeats
@stuxI used to work for GM many moons ago. And I can tell you, 1) They very much do not like people talking about money, and 2) pay bottom of the barrel. I know a good few people still there, but it always felt like a puppy farm of college graduates for IT.
(DIR) Post #AZu5WrHNZoAT8ByHJI by prma@fosstodon.org
2023-09-18T21:11:55Z
0 likes, 0 repeats
@stux i really enjoy how google ads is trying its hardest :))
(DIR) Post #AZu5bobsvbz6IgvUOW by stux@mstdn.social
2023-09-18T21:12:48Z
0 likes, 0 repeats
@prma haha :blobcatgiggle: okay, that one is gooood
(DIR) Post #AZu5ego6ObWOy80l9M by prma@fosstodon.org
2023-09-18T21:13:22Z
0 likes, 0 repeats
@stux :))
(DIR) Post #AZu5gH9mjZ5zzkuSYK by stux@mstdn.social
2023-09-18T21:13:39Z
0 likes, 0 repeats
@prma Buut uhhh, why no AdBlocker? :catblush:
(DIR) Post #AZu5rLvLLmkNxuR7vE by prma@fosstodon.org
2023-09-18T21:15:42Z
0 likes, 0 repeats
@stux i have some in place. But I cannot convince my stupid android to use the alternatives when clicking on the link and I have not had a chance to root my phone recently.
(DIR) Post #AZu8Pmb6suDWRjWAeu by jimbush@beige.party
2023-09-18T21:44:17Z
0 likes, 0 repeats
@stux I don't think people understand that the CEO's "real" job in a publicly-traded company is to increase the stock price. That's it. That's all that matters to the people who hired the CEO. If firing everyone and selling off the assets maximizes stock value for the almighty shareholder, then that's what the CEO is rewarded for. It's awful, and it shouldn't be that way. But in the US, we've got a long history of litigation and at least one Supreme Court decision that supports that position. It's just another example of how our economic and political systems are broken and/or rigged in favor of the billionaires.
(DIR) Post #AZuAYgCuDGv58pZBvk by zachklipp@androiddev.social
2023-09-18T22:08:16Z
0 likes, 0 repeats
@stux pretty sure that's the job description
(DIR) Post #AZuMY2TR8ipHMPlAJc by my_actual_brain@fosstodon.org
2023-09-19T00:22:41Z
0 likes, 0 repeats
@stux @justafrog @yasufadhili I thought about this before and it needs to be larger. An Apple Store employee would earn significantly more than an h&m employee.The board could just not pay the ceo more to keep wages down, but then that money just stays in the corporate account to be spent by the corporation.Companies need to be heavily taxed on big profits and wealth needs to be shared.
(DIR) Post #AZvfDcvSzDUdoHZIcC by MasterMischief@mastodon.social
2023-09-19T15:26:35Z
0 likes, 0 repeats
@stux She's making $29 million BECAUSE she kept worker's wages so low.