A lot of it’s competition with other companies. If you can imagine good CEOs like football players. Do they do much besides play around with inflated leather? Not really. So why do they earn hundreds more times than a paramedic that saves lives everyday? A competitor will pay up if Target won’t, pushing Target out of the league.
That’s the justification. It’s sick, but that’s capitalism. Enjoy your sport!
Yeah but like… so what? Hire someone who’s good at the job for a reasonable rate. Let your competitors blow millions on high comp CEOs, and invest that money you saved in your business.
Except that’s a joke - it’s all a circle jerk where the ownership class pays themselves well.
No, I’m saying the board (or whoever hires the CEO) should pay less, and take someone qualified who would accept it. You don’t see software engineers making six million a year, because that’s not good value for the money. But as I said, it’s a joke- the rich have class solidarity like no one else. They look out for their own.
TBF, (American) football players risk increasing traumatic brain injuries and break their bodies to play the game. That compensation has to help them deal with the aftermath of that for the rest of their life.
Ugh, the public. Most folks are lovely. Some folks want to ruin my day. Guess which one spawn camps the newspaper rack and/or reference desk. (I’m glaring at you, Ms. “Coughs On Everything” and Sir “Let me tell you about my childhood trauma, also the teens are too loud, and no I won’t sit further from the teen section while I make my video calls about how trans folk are liars”)
Iirc way too many football players go broke once they retire due them spending all their money living the “baller” lifestyle instead of saving/planning ahead.
The concussions probably don’t help with decision-making skills. But, it looks like there are schemes/systems in place to try and minimize the risk of poor financial planning: pensions, 401ks, and other benefits. I think that’s neat.
A lot of it’s competition with other companies. If you can imagine good CEOs like football players. Do they do much besides play around with inflated leather? Not really. So why do they earn hundreds more times than a paramedic that saves lives everyday? A competitor will pay up if Target won’t, pushing Target out of the league.
That’s the justification. It’s sick, but that’s capitalism. Enjoy your sport!
Yeah but like… so what? Hire someone who’s good at the job for a reasonable rate. Let your competitors blow millions on high comp CEOs, and invest that money you saved in your business.
Except that’s a joke - it’s all a circle jerk where the ownership class pays themselves well.
If you’re good at your job, you’d ignore competitors offers of much more money to do the same thing but in a nicer chair?
No, I’m saying the board (or whoever hires the CEO) should pay less, and take someone qualified who would accept it. You don’t see software engineers making six million a year, because that’s not good value for the money. But as I said, it’s a joke- the rich have class solidarity like no one else. They look out for their own.
Most CEOs don’t produce much of value.
TBF, (American) football players risk increasing traumatic brain injuries and break their bodies to play the game. That compensation has to help them deal with the aftermath of that for the rest of their life.
CEOs… I dunno.
Well, CEOs do face the risk of meeting green-shirted plumbers, so maybe it’s just hazard pay?
I didn’t get hazard pay when dealing the irate, general public, so fuck em’. No harzard pay.
Ugh, the public. Most folks are lovely. Some folks want to ruin my day. Guess which one spawn camps the newspaper rack and/or reference desk. (I’m glaring at you, Ms. “Coughs On Everything” and Sir “Let me tell you about my childhood trauma, also the teens are too loud, and no I won’t sit further from the teen section while I make my video calls about how trans folk are liars”)
Source: my stint as a trans public librarian.
Iirc way too many football players go broke once they retire due them spending all their money living the “baller” lifestyle instead of saving/planning ahead.
The concussions probably don’t help with decision-making skills. But, it looks like there are schemes/systems in place to try and minimize the risk of poor financial planning: pensions, 401ks, and other benefits. I think that’s neat.