this post was submitted on 01 Nov 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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[–] thatKamGuy@sh.itjust.works 8 points 3 weeks ago (1 children)

C-suite compensation is already largely handled by share offers - which get further pumped/paid for by share buyback schemes.

This would just further exacerbate it, unless we first re-ban buybacks.

Honestly, we should just ban them regardless.

I think we can do better: nobody who doesn’t work X nunber of hours per week can own stock. That’s how law firms organized as S-Corps do it. Even if the decisionmakers hardly do real work, they have to be at work to gain on their investment. But also, no golden parachutes and executives should be legally responsible for suffering and death from their policies.