CEO: We need to cut costs.
Accountant: Okay. We paid you $50 million last year. We spent $10 million on your private jet flights and luxury hotel accommodations. For some reason you are being paid $1 million for this 45 minute meeting.
CEO: I see. Who's that in the hallway?
Accountant: That's Greg. He is the only thing keeping this company from falling apart. We pay him in nickels and Grubhub gift cards.
CEO: Fire Greg.
🇳🇱
CEO of amazon makes 1.3 million a year thats on the low end, Apple is about 50 million. So lets go with apple, they employ 165,000 people but counting contractors and factory workers they actually employ 1.5 million people.
So if you fired the CEO of apple, one of the most highly paid CEO in history, you wouldnt even make back enough money to give every contractor and employee they hire a single penny more per year, not even a penny.
Sorry buddy but the "CEO are greedy and not worth their pay" narrative is getting old and tripe.
@freemo @lowqualityfacts Then perhaps you can explane to us why all CEOs of big companies are so happy to cut back wages of employees?
Your reasoning works both ways, is it?
For the same reason sometimes CEOs pay gets cut.. amazon's CEO went from double digit millions to single digits.
The wages are cut back because the market allows it (supply is too high, economy is poor so there is less competition for work). No one is claiming CEO pay or worker pay cant change, it can and does as market pressures allow.
