Grappler Racist Filth wrote on Dec 29
th, 2017 at 7:07am:
minarchist wrote on Dec 28
th, 2017 at 9:36am:
As others have pointed out, it all comes down to value - what service you're providing, what income the company makes and what your employer is willing to pay. In terms of CEOs reported in the media, the "obscene" wages" of CEOs in question are mostly in reference to Top 100 ASX companies, which have more workers and entail a greater level of responsibilty in the decisions the CEO makes. If you looked at the wages CEOs were earning in the Top 1000 or 10000 companies in Australia, you'd probably find as you went further down the list that their wages would be below $1,000,000 PA, to the point that they were earning about $100-200 K above the next senior manager. Given what must one scarifice to be the CEO of a company, I think that the level of compensation they receive is fair. Listen to the NPR podcast "How I built this" to get a better idea of what a CEO does to get to where they are.
But if a CEOs wage is obscene, why is it not obscene for a cleaner in Australia to earn $20 an hour, while a cleaner in Bangladesh earns $1-2 dollars a day?
We don't live in Bangladesh with its lowest of the low living costs alongside its wages.. there is no discussion here in any way... reduce living costs here and you might be able to reduce NEEDED wages.
How much are YOU prepared to work for here?????
How do YOU justify Bangladeshi company owners being mega-millionaires while exploiting their workers to the tune of $1-2 a day wages? Some kind of divine right of company owners?
What exactly does one 'sacrifice' to be a CEO of a company, may one ask? That's like saying politicians work hard etc and sacrifice so much.... so much that they need to be handed an income for life so they can 'spend more time with their family' while being handed some nice little earner out of the government pocket - maybe they need to try that one for real some time... I, for one, spent not a single Christmas Eve or NYE etc with my family - where's my massive income for life?
How is it that companies can 'make a loss' on paper, still pay out nice dividends, and then be able to pay their executives massive bonuses?
Your average CEO is probably bordering on insane.
insanely ambitous, insanely conscientous, insanely resistant to stress.
Thats why i laugh when i hear about the "glass ceiling".
the more appropriate question is "why are there any MEN at all who are willing to work so dammed hard.
To get woken at 3 am on a sunday morning and spend hours in brutal concentration to fix a problem that has to be fixed "right now".
see you think its about the $$$$.
its not.
thats just a way of keeping score.
these guys take competition to a new level.
they dont care about the cash matey.
they just care that their pay cheque is bigger then the CEO from the skyscraper next door.
does this matter?
of course not. the ammount they get is chickenfeed in comparison to the wealth they create for the business and the shareholders.
the guy who resuscitated disney when it was nearly in the red.
they paid him 50 million (this was years ago) and there was a huge uproar.
he has probably created 1000x that in terms of disney profits since his plan came to fruition.
these guys are worth every cent of it.
the decisions made by the guy at the top of amazon or facebook or google or apple result in trillions of dollars flowing into the pockets of the company owners.(the shareholders)
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