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

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Jimjamesak said:
When will these idiots learn that the new generation of union leaders are officially Not F-ing Around?
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Today’s new generation of aggressive labor leaders are tomorrow’s old guard, angling to keep their leadership position and selling the rank and file to the company. ‘‘Twas always thus.
 
SJHovey said:
Today’s new generation of aggressive labor leaders are tomorrow’s old guard, angling to keep their leadership position and selling the rank and file to the company. ‘‘Twas always thus.
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thank-god.gif
 
Management might be able to at least get the thing moving. I want the failsons of the owners in the saddle.
 
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.
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https://www.bbc.com/worklife/articl...motive-ceos-make-more-than-global-competition
 
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.
 
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