How many people know why CEO’s get paid what they do?
A lot of it is they are actually worth more than me and you.
But the main thing that made CEO wages increase is that a law was passed for CEOs wages to be made public to discourage high wages. When that happened they competed against each other and the wage inflated.
Currently the negotiating position of businesses is far higher than that of workers because they are scared of not having a job/ don’t know what they are worth. The workers need public salaries. But like a lot of things in this world the workers vote against their own interests.
I’m not really sure how to fix that. But I’m starting to feel like someone really needs to try.
I’m pretty sure any CEO will try squeeze as much money out of their company whether they are doing well or not. That’s irrelevant.
I actually talked to a (small) CEO last week he said all CEO’s either do it for ego or for money. That’s all it is to them.
But that’s not really the point you are making. The board chooses the rules of the game and its up to the CEO to win it, that’s their job. In this case the board wasn’t rewarding market share as that didn’t interest them, they were rewarding other metrics which Mozilla improved on. I don’t know anything about this company other than its my desktop browser but here is an article I just found
How many people know why CEO’s get paid what they do?
A lot of it is they are actually worth more than me and you.
But the main thing that made CEO wages increase is that a law was passed for CEOs wages to be made public to discourage high wages. When that happened they competed against each other and the wage inflated.
Currently the negotiating position of businesses is far higher than that of workers because they are scared of not having a job/ don’t know what they are worth. The workers need public salaries. But like a lot of things in this world the workers vote against their own interests.
I’m not really sure how to fix that. But I’m starting to feel like someone really needs to try.
deleted by creator
I’m pretty sure any CEO will try squeeze as much money out of their company whether they are doing well or not. That’s irrelevant.
I actually talked to a (small) CEO last week he said all CEO’s either do it for ego or for money. That’s all it is to them.
But that’s not really the point you are making. The board chooses the rules of the game and its up to the CEO to win it, that’s their job. In this case the board wasn’t rewarding market share as that didn’t interest them, they were rewarding other metrics which Mozilla improved on. I don’t know anything about this company other than its my desktop browser but here is an article I just found
https://lunduke.locals.com/post/5053290/mozilla-2023-annual-report-ceo-pay-skyrockets-while-firefox-marketshare-nosedives
deleted by creator
I don’t understand. What makes you say that?
deleted by creator
I’d take lunduke with a bowl of salt. That dude has had a hate boner against Mozilla for over a decade.