Not that I'm feeling any rage, I left that unproductive phase a long time ago.
But even so, why cannot we talk about multiple unfair things at the same thing? Not sure how globalization and technology is even relevant when the explicit topic of this submission is about CEO/executive pay at US companies. Why try to take the discussion away from that?
I wasn’t referring directly to you, but in general. “You” in the royal sense. Anyway
> But even so, why cannot we talk about multiple unfair things at the same thing?
Because one of them is a red herring. If you plot median CEO comp of S&P 500 companies to the S&P 500 itself over time, you will find they follow almost the same trend, implying their comp package stays roughly the same each year but the value of their equity keeps growing. Where as the median worker pay has grown much less.
In other words, when comparing median CEO comp to worker comp and noticing a divergence, what you’re witnessing is more so stagnant worker wage growth. To fix the gap, workers need to be paid more, but their wages are being weighed down
But you are right. Changing CEO compensation to be based on short term stock gains SHURELY will result in them perusing long term health policies for companies like re-investing profits into the company and not pursue short term stock manipulation policies like ordering the use company funds to repurchase stock (in effect ordering company funds be used to increase the CEOs comp value).
Totally a healthy, sustainable way to run our economy.
"It matters where you direct your attention. Performance-based comp is a red herring. If you want to direct your rage at wealth inequality in the working class, perhaps start with the things that have eroded the supply-demand balance of labor, such as globalization and technology."
Who is using AI as an excuse to fire people? The same CEOs people are complaining about. And why are the CEOs doing it even though it's not proven tech? For short term stock gains, in order in enrich themselves via their stock compensation.
> For short term stock gains, in order in enrich themselves via their stock compensation.
https://www.equilar.com/reports/34-executive-stock-ownership...
Money is cheap for the rich, which is also a big factor of why stock markets (and compensations) behave like they do. All signs point down, public infrastructure and cost of living struggles under budget pressure while stocks are at an all time high.
Simply saying, its earned compensation doesnt even tell half the story. I consider it deception.