this post was submitted on 21 Oct 2024
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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cross-posted from: https://feddit.org/post/3950525

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[–] sunzu2@thebrainbin.org 16 points 16 hours ago (3 children)

Beautiful!

I wish they negotiated executive comp down while at it, these parasites been fuck up after fuck up.

[–] Skyrmir@lemmy.world 3 points 2 hours ago* (last edited 2 hours ago) (1 children)

Set executive pay to a multiple of median non managerial pay, with bonuses for the median out pacing inflation. With a quarter size bonus for profit increases.

Make it federal law for all publicly traded companies, and also require labor representation on the board of all publicly traded companies.

Just don't say any of that before an election, because you'll end up with less media coverage than Vermin Supreme.

[–] sunzu2@thebrainbin.org 2 points 2 hours ago

Keep talking like that an daddy's regime will take you the farm, boy!

[–] shalafi@lemmy.world 1 points 1 hour ago (1 children)

Never tried the numbers of all executive pay, but did it with American Airlines and their CEO. (This was back on reddit, not going digging there.)

tl;dr: If American payed their CEO $0 and spread the wealth, each employee would get a $.19 raise. Oh boy.

It's easy to point and say, "Oi! Why is that guy getting paid so much and me so little!" Executive pay amounts amounts to beans, but it's easy to understand and get upset about. Meanwhile, they have dozens of other tricks, stock buybacks come to mind, that siphon billions away from labor.

[–] sunzu2@thebrainbin.org 2 points 1 hour ago

They get paid these big money to do stock buy backs and other crime against labour.

Compensation Committee is a check on their priorities that board wants executed

The more tricks a ceo whore do, the better the comp package.

[–] Blum0108@lemmy.world 12 points 15 hours ago

I'd love to see a federal cap as a percentage of minimum earner's wage. They have an overinflated self worth and are ruining the world with their greed and hubris.