“average top CEO compensation was $15.6 million in 2021, up 9.8% since 2020. In 2021, the ratio of CEO-to-typical-worker compensation was 399-to-1 under the realized measure of CEO pay; that is up from 366-to-1 in 2020 and a big increase from 20-to-1 in 1965 and 59-to-1 in 1989”

  • SCB@lemmy.world
    link
    fedilink
    arrow-up
    9
    arrow-down
    5
    ·
    1 year ago

    A board is there to make decisions in their own best interest as key stakeholders. They’re not paid for services.

    Similarly, no company of any real size can survive without a CEO because their job is to work with investors and execute a single vision.

    Sometimes I feel like no one on this site actually works in a corporation. Like, these roles are defined. You can just look up what these roles exist for if you don’t know.

    • NovaPrime@lemmy.ml
      link
      fedilink
      arrow-up
      10
      arrow-down
      1
      ·
      1 year ago

      I think it’s not so much that people can’t look up the roles, but that most people grinding away in a wage-slave role don’t have context for what is actually done at the higher level. They are too insulated from the day to day of those roles which make it easier to write them off wholesale as useless. That being said, CEO compensation across the board is not in line with any actual productivity or effectiveness metrics, let’s be real, and certainly should not be anywhere near as high in comparison to the average employee. But that’s a separate and more nuanced conversation that can’t be solved with a simple “fire all CEOs hurdur” comments that you’ll see online.

    • captainlezbian@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      1 year ago

      Yeah worker owned coops still have ceos. They perform a useful role as coordinative support staff. The problem isn’t that you have bosses, it’s that they aren’t accountable to you. They’re treated as face to an oligopoly, but they could instead be the head of a democracy. They also really don’t need that level of compensation

      • Bartsbigbugbag@lemmy.ml
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        1 year ago

        I agree with your entire comment, though I will say that an important part of the democratic process is not only voting, but also debate and discussion.

        I think workers should regularly come together to have discussions about the direction and performance of the company, the performance of supervisors, and more, while also having the ability to effect change on those processes through democratic means. This ensures people stay engaged and informed, while empowering them in a way that furthers both their development, and the development of democratic consciousness within the company.

    • The Snark Urge@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      I did say “most of the work of”. I did not say “replace the people of”. I meant only that most of the basic analysis and troubleshooting of a business’ fundamentals could easily be done with an appropriately tailored model.