this post was submitted on 20 Sep 2023
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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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If Ryan Cohen took a salary in that leauge the bear thesis would still be alive and the turnaround of GameStop might never happen (or be significantly delayed). My executive chairman has other plans ๐Ÿ™Œ

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[โ€“] [email protected] 2 points 1 year ago

Give up. These conversations are dominated by teenagers who are bringing their vast experience working a shit job for an hourly wage.

They think they're making some moral/social outcry against a symptom of capitalism, thinking that if we could just cure the symptom, the disease will improve. (Same people say nothing about athlete's pay, but here we are. LOL, that one used to be a source of public outcry.)

CEOs get these salaries and benefits because the market is willing to pay it, thinks it's a fair deal. There's nothing more to it.

If you have a billion-dollar company, and you want the best leadership, you pay for that. Want some dude who says, "Sure, I can handle it. Only need $250,000/yr. I got this."? Of course not. You want someone with a track record of handling... whatever it is you're hiring for.

Sure, sometimes they fuck up, just like any employer. But do these people think they're smarter than the Alpha board of directors?! Yes they do.

And spare me the, "They don't work 1,000% harder!". Yeah. We know because it's obvious to any simpleton. That's not a point worth making.

And spare me, "The workers should get that money!" Dude was bitching on reddit about American Airlines, their CEO and pay. I did the math. If you stripped him of every penny and spread it around, worked out to $.02/hr. more for each employee.

CEO pay ain't the fucking problem. It's only a symptom of unfettered capitalism.

And one last addition to my rant. :)

Listen: People pay you for what you can do for them. That's how you make money. Hard work barely figures in.

Don't get me started on making social connections. Somehow these people forget we're apes and that sort of thing is important.