No one should earn that kind of money period.
If you make $100,000 for 40 years straight that is $4M. This dude made $21M in a single year. Ford’s share buyback program in 2022 totaled $484M. GM’a share buyback program totaled $3.4B in the past twelve months. We live in a fucked up world. Meanwhile, Ford/GM/Stellantis employees cannot afford to even buy the vehicles they make or feed themselves decent food.
Total revolution needed. Workers that do the real thing barely can feed their mouth, while those useless management ceo got huge cut
As an MBA, I will simply state that you all do not understand capitalism. A CEO is kind of like a sports star. They make what they make because they are making all the hard shots and keeping the team afloat. They are like the captain and coach of the team in one. It takes many years to curate the skills required to be a good CEO and there are only so many people good enough in each industry to take on the challenge. 21M is modest compared to Ford’s profits. If they provided less, he would simply move to a competitor in the same way that sports stars shop around. The idea that everyone in the company should have their salaries compared in terms of orders of magnitude of the CEO is insane. It’s like attempting to say that the janitor at a doctor’s office should have to make tens of thousands above the going rate of what a janitor’s output is worth on the open market simply because the star of the business is able to bring in a lot of money. In general, the idea that the CEO doesn’t work as hard as the line workers is incorrect. They CEO meets all day with direct reports and investors and steers the ship.
The market will dictate your worth. Have fun asking for too much money and not getting it.
Nothing lasts forever.
Not even capitalism.
You say the market will decide my worth. The people will decide yours
Why do you think having a MBA matters? It’s a weird circlejerk for losers.
A Master of Business Administration (MBA; also Master in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.
You seek to write-off in one stroke what has been built-upon over many centuries and siphoned into scientific disciplines. You suffer from Dunning-Kruger.
No. You live in a capitalist economy. This is how that system works. Market movers make money. CEO’s are the company’s superstars.
There should be sanctions on greed. It should be illegal. The amount of death and destruction it causes is insane and yet the greedy just reward themselves for it.
You are absolutely delusional, and frankly, unless you are a million/billionaire, then you have been brainwashed into thinking you are important. (Not that billionaires are important. Just that thry have fooled you into thinking you matter more than anyone else.
You can carry on believing that you dont need every cog in a machine to make it work, but it won’t make you right.
What i find so funny is that you dont se to realise that if every ceo got thanos snapped out of existance, most of the machines would continue to run for quite some time and would likely self repair that one tiny ceo shaped hole. Bit if the same happened to the underpaid workforce, the machine grinds to a halt instantly.
Im reminded of a joke where an FBI agent visits a farm and needs access to a certain field. He goes to the farmers’ house, says he needs access, and the farmwr says no. The agent shows his badge and statea he is a federal agent and that this badge means he can go where he wants, when he wants.
The farmer laughs and says ok.
Later, the farmer heres shouting and screaming outside and sees the agent running from an enormous bull in that very field. He hurridly opens the door and shouts QUICK QUICK SHOW HIM YOUR BADGE!!!
Well i hope your importance is enough to save ypu when the workforce have had enough.
“Market movers make money” by shipping jobs over seas and busting unions. That’s the part of the CEO’s job description. They work hard at it alright, but a guillotine works harder.
Read “Bullshit Jobs” by David Graeber guys. It’s really worth it!
