Business, Economics, and Taxes: Capitalism. Yay? >=(

[Proud2baLaker]

That movie is such a guilty pleasure for me

[Deutsche Gopher Fan]

Management might be able to at least get the thing moving. I want the failsons of the owners in the saddle.

Connor Roy to the rescue

[Jimjamesak]

CEO pay in the US has grown 1,322% since 1978, according to the Economic Policy Institute. Such astronomical CEO pay is a very American problem. Not only do American CEOs far out-earn their workforces, they also out-earn their peers in other countries.

For instance, Japan – home to companies including Toyota, Nissan, Mitsubishi and Honda – has long been a top exporter of automobiles. Yet Japanese automaker CEOs are paid far less than their US peers. Akio Toyoda, the former CEO of Toyota (the country's largest employer), was paid ?999m ($6.7m) in 2022. Honda CEO Toshihiro Mibe was paid ?348m ($2.3m) in 2022, and Nissan CEO Makoto Uchida made ?673m ($4.5m).

This shows up in Europe, too. In the UK, Aston Martin CEO Amedeo Felisa brought in ?756k($925k) for his eight months on the job, after he took over as executive in May 2022. And in Germany, Oliver Zipse, the CEO of BMW, earned €5.3 ($5.6m) in 2022. Ola K?llenius, CEO of Mercedes-Benz Group, earned €7.1m ($7.5m) the same year. Oliver Blume, who is chairman of the board of management of Porsche, made €7.4m($7.9m). Blume is both head of Porsche and, as of 1 September of last year, head of parent company Volkswagen Group as well.

https://www.bbc.com/worklife/article...al-competition

[aparch]

Some disembodied voice of a guest on CNBC actually defend CEO pay increases as "finally catching up to where they should be, rewarding these people for putting in long years with the company to become CEO."

Almost crashed into the highway median.

Becky Quick was fast to call the guest out on that.

[FadeToBlack&Gold]

https://www.bbc.com/worklife/article...al-competition

We've been presented with these same stats for 20+ years, and every single time this argument falls upon the same deaf ears of America's temporarily embarrassed billionaires. Perhaps these salt-of-the-earth, "real Murican" Xtians are too busy praying to their sky daddy for success.

[ScoobyDoo]

We've been presented with these same stats for 20+ years, and every single time this argument falls upon the same deaf ears of America's temporarily embarrassed billionaires. Perhaps these salt-of-the-earth, "real Murican" Xtians are too busy praying to their sky daddy for success.

Bingo.

[FadeToBlack&Gold]

https://fortune.com/2023/09/27/mckin...l-painkillers/

"McKinsey advised Purdue to step up sales calls to high-prescribing OxyContin doctors and persuade them to write high-dose scripts", amongst other ideas.

You really needed a group of twentysomething boutique strategy consultants each billed at $300/hr to tell you that you should simply get more patients hooked on your product?

Even as a consultant myself, there are some gigs where I just shake my head in awe. Someone got their bottle of Armand de Brignac that month.

[mookie1995]

https://fortune.com/2023/09/27/mckin...l-painkillers/

"McKinsey advised Purdue to step up sales calls to high-prescribing OxyContin doctors and persuade them to write high-dose scripts", amongst other ideas.

You really needed a group of twentysomething boutique strategy consultants each billed at $300/hr to tell you that you should simply get more patients hooked on your product?

Even as a consultant myself, there are some gigs where I just shake my head in awe. Someone got their bottle of Armand de Brignac that month.

Those svckers of kock are all over the Mid East. mookie dreams of shoving some of them down an elevator shaft

[ScoobyDoo]

https://fortune.com/2023/09/27/mckin...l-painkillers/

"McKinsey advised Purdue to step up sales calls to high-prescribing OxyContin doctors and persuade them to write high-dose scripts", amongst other ideas.

You really needed a group of twentysomething boutique strategy consultants each billed at $300/hr to tell you that you should simply get more patients hooked on your product?

Even as a consultant myself, there are some gigs where I just shake my head in awe. Someone got their bottle of Armand de Brignac that month.

Completely unethical. Ethics is one of the pillars of all of medicine and those folks failed the test. Lock them all up.

[Kepler]

Completely unethical. Ethics is one of the pillars of all of medicine and those folks failed the test. Lock them all up.

Violating all ethical and moral standards is the cornerstone of business. Shoot every MBA into the sun. It's getting a Masters in being an as-shole.

[Swansong]

If you want to be enraged, watch Painkiller on Netflix. It isn't great but it's decent enough and dear god is it maddening.

[Kepler]

If you want to be enraged, watch Painkiller on Netflix. It isn't great but it's decent enough and dear god is it maddening.

I knew if I watched that I would stroke out from anger and/or make the news for blowing away a country club.

There is no accountability or justice for white collar crime. A mugger harms a person and goes to prison. A banker or businessman harms millions and gets a bonus.

[ScoobyDoo]

If you want to be enraged, watch Painkiller on Netflix. It isn't great but it's decent enough and dear god is it maddening.

I'm enraged without even watching it. Seen enough on 60 minutes, etc.

[Swansong]

You know Perdue was bad when the LA Times wrote a very long article straight-up accusing them of fraud and lying and they didn't sue.

[Kepler]

The libertarian paradise of no intrusive red tape job-killing gubmint regulation.