Comment by Ephera@lemmy.ml on "We've won, but at what cost?"

That CEO quit earlier this year.

Maybe they can stop paying the next CEO 7 million

Maybe that CEO will also quit, because other companies offer them a higher salary.

It’s so easy to say they should just pay their CEO less. I mean, I get it, it’s a ridiculous amount of money that no one needs. But few people, who are qualified for that job, will just do it out of the goodness of their hearts for a salary far below industry standards.

This is predicated on the assumption that a CEOs skill is directly related to their salary.

This may or may not be the case.

I don’t think companies care. If you’re the CEO of Mozilla for a year without it imploding, you’re looking very experienced compared to some of the applicants that medium-sized Silicon Valley companies, like Dropbox, Evernote and such, will get.

And if Mozilla is only paying you $200k, they’ll consider it an absolute bargain to give you tenfold that.

This may or may not be the case.

This is predicated on the assumption that people just give money away easily.

I mean, they do… the higher my pay goes the less actual work I do (thinking is not actual work). And I keep getting promoted.

It’s dumb as hell but the only answer I’ve come up with is maybe not everyone can do the “stupid monkey shit” (i.e. “Someone get this herd of retarded cats to do literally anything”).

I’m still waiting for evidence these CEOs do anything special… They get paid millions whether the companies they lead succeed or flounder

what the fuck could the CEO possibly do for a company that seems to just fucking zombie its way along, it does literally nothing and hasnt died, what could the CEO possibly be qualified for, it’s not like they’re gaining more market share from having a good product

They are the face of the company. If they are shit at communicating it will affect share prices which could end a company. They have to say the right things at the right times or they could potentially break laws by saying the wrong things.

There’s a lot of stuff they need to know and it’s not cheap to get that knowledge.

I love all the vague, ambiguous examples that say nothing.

I mean, the Intel CEO just literally quote the Bible… I guess you need a lot of education for that

Look, I understand you can’t get a high school dropout to do this job, but can they really justify earning 10000x more than other people in their companies? Are they 10000x more valuable??

I would imagine they can find a perfectly good CEO with something like a 500k/yr salary

Look, I understand you can’t get a high school dropout to do this job, but can they really justify earning 10000x more than other people in their companies? Are they 10000x more valuable??

Everyone here is talking past each other. There’s one crowd raging that CEOs do literally nothing, which is objectively untrue. When that is pointed out, people assume it to be an argument that these CEOs should be paid that much, which it’s not.

CEOs do things. If they’re non-shit, they’ll work significantly more hours than normal workers. No, that does absolutely not justify paying them magnitudes more. Their salaries are inflated, because publicly traded companies pay them that much.
Because while the effort a CEO puts in does not match the salary, the impact of their work does so more closely. As in, if they’re doing a bad job, the losses for the company will far exceed that salary.
More importantly, though, you want to keep one CEO for as long as possible. Even if their strategies are mediocre, constantly changing CEOs and therefore flipflopping between strategies is worse.

I can’t even tell you who the CEO is off the top of my head, if they’re the face of the company they’re doing a bad job

If they are shit at communicating it will affect share prices which could end a company. They have to say the right things at the right times or they could potentially break laws by saying the wrong things.

I notice, very glaringly, you didn’t mention a SINGLE thing about the company running efficiently, being profitable, producing something of value…

It’s not that the company could end if it doesn’t do well at what it does. It’s that the company could end if fickle, short-term focused asshats aren’t happy, and to keep them happy, you need a head fickle, short-term focused asshat at the helm.

God, I wish every company could just be private.

If that’s all there is, it sounds like you just need good legal and marketing department and someone who is attractive to deliver their script.

Is Mozilla even publicly traded?

Nope, they aren’t. The Mozilla Corporation, which does Firefox development and has the CEO position that everyone’s talking about, is a 100% subsidiary of the non-profit Mozilla Foundation, which is the organization that you can donate to.

i dont even fucking know who C suites at mozilla, i havent even googled their company in years to see if they even still exist. The only sign of life from this company is when i update my system and firefox also gets updated.

Also, it’s pretty cheap to get that knowledge, just don’t ever say anything that might lose you money.

But few people, who are qualified for that job

CEOs do nothing. They rake in millions, and hire advisors to tell them what to do

Literally the “consulting” industry. Making millions off of boneheaded C-suites who only know how to pay others to think for them.

Need to be a nepo baby for that

So if there are CEOs who aren’t related to the board of directors, would that overturn your theory?

When did I say I want to be a parasite? I want to abolish CEOs, not become one of them

This shit right here is why we have capitalism and classes, peolle believing a ceo does something so special no one could possibly do it.

Shit might be true for things like software development, science stuff not some overpaid C level exec.

Define “qualified”. Seriously try.

What I primarily meant by that, is that you do need some knowledge about financials. Which isn’t hard to learn, but the group of people willing to learn about it has very little overlap with the people willing to do something out of the goodness of their heart.

Oh no, I’m sure there won’t be anyone else who would like to be CEO if they quit.

Solution: H1B visa CEO

Too expensive. Just get someone undocumented to do it for pennies, then threaten to deport them if they ask for a raise.

All it takes is one person

Community rules

1. Be civil

No trolling, bigotry or other insulting / annoying behaviour

2. No politics

This is non-politics community. For political memes please go to !politicalmemes@lemmy.world

3. No recent reposts

Check for reposts when posting a meme, you can only repost after 1 month

4. No bots

No bots without the express approval of the mods or the admins

5. No Spam/Ads

No advertisements or spam. This is an instance rule and the only way to live.

Sister communities

!tenforward@lemmy.world : Star Trek memes, chat and shitposts
!lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
!linuxmemes@lemmy.world : Linux themed memes
!comicstrips@lemmy.world : for those who love comic stories.

"We've won, but at what cost?"(lemmy.world)

memes

!memes@lemmy.world

Community rules

Sister communities

Community stats

Community moderators