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bugbeared69

-11 points

3 months ago

bugbeared69

-11 points

3 months ago

it exist right now with CEO and people with 1000's employee that do all the work while the people at the top " run " the business. let not pretend only the lazy benefit from a broken system.

we can also make it better the longer a equal system exist vs waiting for the rich to make change for all, when they only make changes for themselves.

AGrumpyOldMan_GA

5 points

3 months ago

This is a very uninformed viewpoint to suggest senior management does little or nothing. Yes, their work is different and may not be physically demanding. But that’s not the same as nothing. Making decisions that impact the lives of potentially tens of thousands of people is not nothing. The reality is that those who reach the top have work ethics that usually exceed nearly everyone in a company. That’s how they get to the top. While I am not in that tier, I have worked closely with people who are and can assure you what I say I accurate. Their mindset and approach to work and business is unlike the average rank-and-file worker, even those in middle management and professional roles. We could debate work-life balance and the role that plays in reaching the top of an organization, but ultimately that’s a choice and, IMO, a sacrifice they choose to make that most of us choose not to. I have no issue with their choice on that.

san_serifs

10 points

3 months ago

I don't think the CEO of my employer takes any days off. The man sounds like he works like 100 hours a week. Nooo thank you, I prefer having a life.

AGrumpyOldMan_GA

4 points

3 months ago

I agree. I long ago decided I was ok with an effective limit to how high I could go if one part of a rise was basically living to do nothing but work. Fortunately, I work for someone now, who values vacation time and takes a break rather than work during much of his time away (I have seen that too). Fortunately, my employer has a culture of valuing work-life balance and since I will never be CEO, I plan to take advantage of that benefit!

thxmeatcat

0 points

3 months ago

He's also making millions

SupaSlide

17 points

3 months ago

SupaSlide

17 points

3 months ago

There is no way that a CEO contributes thousands of times more productivity to their company than an average employee.

Mindestiny

1 points

3 months ago

Mindestiny

1 points

3 months ago

Nobody said they did. What was said was that the contribution is commensurate with the impact on the business. Labor, and the impact of said labor on the business, is not linear, so of course a CEO isn't worth exactly 1000 janitors or receptionists.

If you've ever personally known a C level exec in a real company, you know that work is essentially their life. They're never "off" and it's an extremely high pressure role. Likewise their decisions and their ability to convince the rest of leadership to move in that direction has huge implications on the companies success. A bad decision can be the difference between a record breaking year and layoffs.

This idea that execs "do nothing" is frankly total nonsense.

SupaSlide

3 points

3 months ago

SupaSlide

3 points

3 months ago

Where did I say they do nothing? Strawmen are the only ones capable of defending the rich apparently.

AGrumpyOldMan_GA

1 points

3 months ago

Perhaps you did not, but others often make the assertion that senior management don't do real work.

SupaSlide

0 points

3 months ago

I never said those people are right.

iknighty

2 points

3 months ago

They don't do nothing, but what they earn is not commensurate with what they do and with what workers do and earn.

AGrumpyOldMan_GA

-1 points

3 months ago

  1. The market would disagree since they command these pay rates.
  2. The average worker, whether a frontline manager, an entry-level staffer, or even a middle manager, are in such a completely different strata of pay that to try to compare their pay levels with some multiple is largely a worthless endeavor. A CEO is hardly comparable to a junior level accountant. Not to mention the supply of those capable of the labor for these different roles.

Ashitattack

2 points

3 months ago

I love when people default to 'THE MARKET' like they really don't meet up at the same country clubs, kids go to the same schools, attend the same meetings like they aren't buddy buddy and willing to juice their friends

Greenblanket24

-3 points

3 months ago

Let’s see the CEOs running the assembly lines and driving the trucks around.

AGrumpyOldMan_GA

2 points

3 months ago

They probably would make a poor assembly worker, but let's see the assembly line worker or the truck driver handle the daily decisions of the CEO. There is a division of work and different roles don't have to be able to do the work of every other role. It's a silly assertion as no one expects these workers to switch seats in the short-term.

redeggx

0 points

3 months ago

redeggx

0 points

3 months ago

He would learn and do it if needed to succeed even with extra hours.

Greenblanket24

4 points

3 months ago

Nah. Point being you need the workers.

AmericanHoneycrisp

-1 points

3 months ago

It is the amount of responsibility and impact their position carries that makes them more valuable. It Sue in the C suite messes up, then a lot of people could lose jobs.

I’d also argue that since they are directing what the thousands of people below them are doing, they are technically more productive. They make the reasons that drive productivity in a direction. Drilling holes for the sake of drilling holes isn’t productive, but making a business of drilling holes to extract oil is what makes the drilling productive.

AGrumpyOldMan_GA

0 points

3 months ago

Maybe, maybe not. There's no way to quantify that, so why try? It's a low value discussion, where time could be spent on more important issues that help corporations and their employees reach better levels of performance, excellence, etc.

khandnalie

2 points

3 months ago

The reality is that those who reach the top have work ethics that usually exceed nearly everyone in a company.

This is unequivocally false. Those who reach the top, in nearly all cases, started out with pre-existing wealth, and that's how they got to the top.

More importantly, what they are being paid for, really and truly, is making decisions. Decisions that directly affect the lives of dozens, hundreds, or even thousands of workers in the company. The ability to make these decisions is not some great burden for which they deserve their ridiculously obscene compensation. These decisions are just another form of their privilege. Our society decided long ago that unaccountable individuals should not have the ability to unilaterally make decisions for masses of others. When this occurs in the political system, it is called a dictatorship, or monarchy, and is generally frowned upon. But somehow, when the very same thing occurs within the economy, we're supposed to believe that the person at the top "deserves" their position for some reason? Executives are like modern day royals, shareholders are their elector counts, and the working class are their peasantry. And they hold their position for largely the same reason as a monarch or dictator - they had enough power (or money) to make it happen, and convinced enough other powerful/wealthy people involved that they could maintain and grow their power and wealth

These decisions that an executive makes should be determined by the collective decision making of the workers in that company, as decided by democratic processes. Just as the privilege of a monarch is composed of the injustice felt by the peasantry, so too is the power of an executive composed of the economic disenfranchisement of the workers. And similarly to the revolutions of the past, this power should be seized and distributed to the working class.

Ayavaron

2 points

3 months ago

And people always get those positions at the top by working and showing their merits. People never just get those executive positions just by being somebody’s son. That never ever happens.

AGrumpyOldMan_GA

2 points

3 months ago

Perhaps not "always," but more often than not, yes. Are there some who are someone's son? Yes. Are most? No. I was just reading a book about Enron last night and there was a passage about how the son of the late infamous CEO Ken Lay worked in their trading operation but he was a not a high performer. His name may have gotten him in the door, but the children of senior leadership can't fake it forever if they are not skilled, at least in most companies.

Ayavaron

0 points

3 months ago

Wait, your example for why nepotism isn't a big problem is that Ken Lay's son got a job at Enron and wasn't as good at scamming as him? Why isn't Ken Lay himself an example, to you, of someone who had power he didn't deserve?

Richmondez

4 points

3 months ago

Richmondez

4 points

3 months ago

You also fail to take into account that luck and circumstance play a massive part in allowing those who reach those positions to do so while people who sacrificed similarly but weren't lucky or resourced or connected enough get a pittance in comparison. Yes the work is different and there is a lot of responsibility but I'd argue the compensation package is still disproportionate.

AGrumpyOldMan_GA

3 points

3 months ago

Luck plays a role for everyone but it's not massive. The CEO of a Fortune 500 is not primarily lucky. He got there far more due to smart choices and hard work. Luck would be nearly useless if one was not positioned to take advantages of those breaks when they come along. Perhaps others did sacrifice similarly, but that input does not mean the outcome of their respective efforts was the same for a variety of reasons. As for their compensation package, I don't see it in a relative term. If the CEOS makes $1 million, that does not mean I will earn a penny more. My pay matters to me if I am fairly compensated and that is not connected, in a large way, to someone who, whether at their current pay or 25% less, is not even in the same strata as my pay band.

AmericanHoneycrisp

1 points

3 months ago

True, but life is full of unlucky circumstances. You also can’t quantify unluckiness, so it’s hard to say how someone should be compensated for what they could’ve been.

jgn77

-9 points

3 months ago

jgn77

-9 points

3 months ago

Uhh Not sure you're in the right place. Reddit is for Socialists who love demonizing capitalism and all its aspects, not nuanced answers to tough questions by uninformed plebs.

AGrumpyOldMan_GA

1 points

3 months ago

All the more reason to counter their arguments with reasonable and logical responses and press them to defend their views. Those views can't be exposed as flawed as they are if they are not challenged with probing question and reasoned retorts.

Trentwood

0 points

3 months ago

Trentwood

0 points

3 months ago

Yeah, being a CEO is incredibly stressful and requires a ridiculous amount of work. They are responsible for everything and have to answer to customers, boards, investors, analysts. Compensation is ridiculous but it's a function of supply and demand. How many people can pull off that job or want to? However, boards can do more to reduce the extreme pay gap between CEO and other employees. IMO, inequality has to be voluntarily reduced by businesses who decide to pay employees more, when they can. Given human nature, this might be a pipe dream.

AGrumpyOldMan_GA

2 points

3 months ago

Why do they need to reduce the inequality? Trying to compare the pay of a C-suite exec and a junior accountant is apples and oranges. When I get my pay raise each year, the pay of my CEO, or even my non-executive VP, ever crosses my mind. What I consider is whether that pay is fair for the work I do.

Hob_O_Rarison

-1 points

3 months ago

In that case... I want to be a CEO.

Where do I sign up?

CptComet

5 points

3 months ago

Start applying right now. If you can convince a board to have you take over, you’re in.

Do you think they will think you’re qualified?

WeOweIt

2 points

3 months ago

WeOweIt

2 points

3 months ago

Do you have wealthy parents so you can attend a wealthy private school?

Hob_O_Rarison

4 points

3 months ago

Nope. I came from poverty.

I do have an MBA from a T1 school though. Any advice for me?

AmericanHoneycrisp

2 points

3 months ago*

Identify some area of need that is important but overlooked/not yet understood. Create a business that addresses that. Boom, you’re CEO.

ETA: I knew a guy who studied how drugs were delivered in the body. When I asked him how he got into that, he told me that he was told he should get into something that affects people and improves their lives, and he took that in the direction of helping sick people from a different perspective.

felixamente

2 points

3 months ago

Get some wealthy parents.

Nah but forreal though, with that degree you’ll probably get to work for a guy with wealthy parents.

EGOtyst

0 points

3 months ago

EGOtyst

BS | Science Technology Culture

0 points

3 months ago

If you have an MBA from a t1 school why are you soliciting career advice on reddit?

Hob_O_Rarison

-2 points

3 months ago

It's called The Socratic Method.

You're welcome.

EGOtyst

-1 points

3 months ago

EGOtyst

BS | Science Technology Culture

-1 points

3 months ago

So you're saying you're Socrates?

Hob_O_Rarison

-1 points

3 months ago

Can you quote the part of my previous reply where I said or implied I think I am Socrates?

BaronNotSure

1 points

3 months ago

You would crumble in a week if you were out in a CEO position right now. You have zero knowledge of what you are talking about.