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Comment by myprasanna | Hacker News Reader

Workers can become CEOs too? If it's just CEO hatred culture, then the job creators will move.

Sounds reasonable. I mean, if I got to set my own pay then how would I do it? Ok, so let's work this out, hmm?

"In 2020, The Wall Street Journal reported that the median pay for executives at 300 of the biggest U.S. companies reached $13.7 million, up from $12.8 million in 2019. The highest paid CEO out of companies on the S&P 500 in 2020 was Paycom CEO Chad Richison. For companies not on the S&P 500 list, Palantir CEO Alexander Carp and DoorDash CEO Tony Xu earned the most in 2020, with pay packages of $1.1 billion and $1 billion respectively." (https://en.wikipedia.org/wiki/Executive_compensation_in_the_...)

There are around 160,000,000 workers in the US. (https://www.statista.com/statistics/269959/employment-in-the...)

If the workers became CEOs, paid like the median of the 300, that would be $2.2E15 (note exponential notation). The US GDP is something like $2.1E13. So, no, workers cannot become CEOs.

Executive compensation has grown significantly faster than wages, corporate profits, the stock market, and the economy for at least three decades. (Up something like 18% annually since 1978.) (https://www.epi.org/publication/ceo-compensation-surged-14-i...)

It is CEO hatred culture which is being actively developed by socialists in hope to promote socialism: a very predictable desire to control the population by eliminating opportunity and thus free-thinkers and overachievers: forced equality where everyone should wear the same uniform, the same haircut, and make the same 15$ per month no matter your skills, abilities, or the situation at hand, with all Olympians in national Olympiads getting the same iron medals regardless of the results.

Fortunately unachievable in US in the near future.

Was the U.S. in the 1970s a socialist country? Or how about in the late 1940s?

Most certainly not, Медвежонок, and I doubt it will become one in the near future (although some aspects of it are already here). Nevertheless, it's always good to highlight socialist propaganda.

"CEO-to-worker compensation ratio was 21-to-1 in 1965." (https://www.epi.org/publication/ceo-compensation-surged-14-i...)

Apparently, we were significantly more socialist in the mid-1960s.

Ah yes, only the socialists hate CEOs, obviously these are the special people who deserve their ivory towers right?

JFC the mental gymnastics never cease to amaze.

"hate" or "hatred" - very strong words that make me say "Yes, exactly right.", - in response to your first question.

I would even point out that only deeply disturbed individuals can hate people they know nothing about (well, nothing other than what was shoved down their throats by propaganda channels)

I realize that cringing obsequiousness is a great human tradition in the relationships between those without power and those with, but I do have to point out that, when push comes to shove, your betters will never remember your service.

I know it's possible that some time in the future I might realize that I have been a fool all this time. However, it is also possible that alternatively, you might realize the same. That moment has yet to come for either of us. So here we stand.

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