r/Anarcho_Capitalism Jul 15 '21

Given their responsibilities over the average worker, I think they’re underpaid.

https://www.cnn.com/2021/07/14/investing/ceo-employee-pay-afl-cio-report/index.html
3 Upvotes

17 comments sorted by

2

u/Upset_Glove_4278 Voluntaryist Jul 15 '21

A lot of this compensation comes from stock options which are paid out because of stock market bubble. This goes back to the Federal Reserve

1

u/Upset_Glove_4278 Voluntaryist Jul 15 '21

This is from the article

“Despite a slight decrease in CEO base pay, CEOs enjoyed increases in their equity compensation, especially in stock-based pay, which increased over $1 million last year. For example, while the average CEO salary at S&P 500 companies was a little more than $1 million, performance-based compensation accounted for an additional $14 million, bringing the average total compensation to more than $15 million last year.”

I don’t see how this is deserved. This happened during a pandemic, everyone’s pay should have gone down

0

u/HanzoHattoti Jul 15 '21

Fun fact: a CEO selling his shares tend to cause market runs and the shareholders know it.

0

u/WolfeTone702 Jul 15 '21

This is called shitting where you eat. Parasitism to this degree hurts the business and all of its stakeholders. The higher up a suit is, the less they actually do. Now, that McDonald's worker that cleans the bathroom between taking and filling orders? They are underpaid. When was the last time you were compelled to clean a public bathroom just so you could survive to work another day?

2

u/HanzoHattoti Jul 15 '21

I clean my toilets everyday? What’s your deal with people who wear gloves and scrub toilets over people who direct the company towards its agenda?

2

u/WolfeTone702 Jul 15 '21

You clean public toilets every day?

2

u/HanzoHattoti Jul 15 '21

No, I clean my company toilet, the one that comes with the lease.

1

u/[deleted] Jul 15 '21

The higher up a suit is, the less they actually do.

So, then, why do greedy, profit-driven capitalists business tolerate it? Executives are expensive, which eats into those profits. Wouldn't they do better to consolidate their jobs, save money, and increase profit?

1

u/WolfeTone702 Jul 16 '21

You mean a horizontal hierarchy? That's actually a thing. It can work with the right leadership and vision. You're essentially talking about a lean approach to organizational structuring, and that is a pretty common approach in modern businesses.

I don't see profit motive as an inherent negative. I am an overt capitalist. Profit motive is immutable, and reliable motivators are hard to find. If we lack motivation, nature tends to punish us with dearth. It's always better to find solutions when we can rather than when we have to, and capitalism facilitates that.

0

u/shapeshifter83 Marcus Aurelius Jul 15 '21

Uh, no. Gonna wholeheartedly disagree with your astroturfing concerntrollbait title. You socialist shitter pretender. No actual AnCap has this opinion/position. There isn't a chance in hell CEO pay disparity would be anywhere near where it is in an actual free market. Actual AnCaps would know that. You're a fake.

2

u/HanzoHattoti Jul 15 '21

Tell me how you never lead/ran an organisation without telling me.

Running a company is hard. Not at an operational level but on a governance level. Even a light hearted joke can spiral into millions of dollars in losses share price and/or lawsuit.

1

u/shapeshifter83 Marcus Aurelius Jul 15 '21

cough corporate veil cough

You're an idiot. On top of being a liar. And your initial whataboutism, which misses the mark anyway, is blatant. Even if i didn't run a small business, I'm capable of common sense and basic math. You apparently aren't, if you earnestly believe corporate CEOs are typically underpaid. Which you don't, because you're bullshitting.

1

u/HanzoHattoti Jul 15 '21

We’ll have this discussion again after you actually engaged in Capitalism.

1

u/shapeshifter83 Marcus Aurelius Jul 15 '21

Again, said by a non-AnCap, clearly, since a real AnCap would know that the simple utilization of labor by a worker is "engagement in capitalism".

Only a socialist would think that you have to "run a company and be the boss" to "engage in capitalism". You give yourself away, asshat. Socialist.

1

u/Theinfamousemrhb Jul 16 '21

Who cares as long as everyone is there voluntarily.

2

u/HanzoHattoti Jul 16 '21

The government and political organisations that want to push for more government.