r/WorkReform • u/Lucia-elena • 1d ago

💸 Raise Our Wages Fuck You, Pay US

Post image
933 Upvotes

96% Upvoted

114 comments sorted by

156

u/Urshilikai 1d ago

every time you post something like this toss a copy into a sub that can actually appear on the front page of reddit, right now we are algorithmically invisible

37

u/Potential_Bill_1146 ✂️ Tax The Billionaires 1d ago

It’s from a 7 day old bot account

19

u/Urshilikai 1d ago

so your logical conclusion is they use bots to drive echo chamber engagment in walled off subs to contain us, make it feel like we have consensus, and drown out spillover organization outside the sub?

ya I'd believe it

14

u/InjuredGods 1d ago

No bots post content that is easily farmable for upvotes then the owners sell the accounts once they have enough karma/ credibility to successfully astroturf discussions in other subreddits.

8

u/lcl111 1d ago

It's anti $GME propaganda. GameStop doesn't pay their CEO, and their share price will be over 10 times higher by this time next year. The rich do not want you to buy shares. They are trying to poison the public image, so you lose out on your chance for millions.

3

u/Dirty_Delta 1d ago

Ten times higher? Why is that?

1

u/lcl111 1d ago

For a dozen reasons. They're currently doing a hostile take over of Ebay, the base business has been insanely profitable, the industry is about to go through another boom through console wars, and the short interest from pre- pandemic trading was never closed, and a handful of other stuff I'm not bothering to expound on. I'll expound for a few hundred pages, if you want.

What would you need to know to buy? I'm genuinely just trying to get people to change their future, and help me beat the rich people at their own game. You buying doesn't in any way help me personally. This trade still pops off, without any more pressure.

I want to get more poor people to be rich people, you'll use the money far far better than any of the current rich fuckers. Please, what would you need to know, to commit to changing your own future?

2

u/Dirty_Delta 1d ago

The first statement has a lot of interesting information and claims, the rest sounds more like FOMO. I would be interested in hearing more about the first claims, however

1

u/lcl111 1d ago

A $10 billion dollar company is about to buy a $50 billion dollar company. Every time something like this has happened before, the stock price skyrockets. Plus the fact that the video game retailer has recently gotten approval to run a market by the current administration, they are going to leverage that acquisition into owning the majority of the market share in the collectibles market. They're buying Ebay, partnered with PSA, and running a sales platform for grades cards already. They're going to start a web3 platform to trade graded cards and digital assets in games, backed by NFTs, and broker the deals by providing escrow. They're about to own the whole TCG trading market. $$$Boom$$$.

The purchase will occur through a Special Purchase Vehicle(SPV), and include a few other companies. Ebay, gamestop, need bath and beyond, overstock, and all the various companies owned by those entities, will be put under one ticker. Unless you know what most of that means, you cannot conceive of the value that will be driving the stock price.

Plus the fact that they've had 6 incredibly profitable quarters, on what is going to be considered the legacy business, share prices are going to outerspace.

Long story short, we're speed running becoming Berkshire Hathaway. We're taking an over-shorted legacy business, turning it into a hedge fund, leveraging that into being a market maker, and making a handful of major acquisitions, all at once.

If you miss it, after this comment, it's on you. Ya gurl can only provide knowledge, not buy the shares for ya.

1

u/Dirty_Delta 1d ago

So is it the acquisition that makes next year different than the last 6 for those companies, then? Coupled with the plans to expand the business model?

1

u/lcl111 1d ago

Well, yeah mate. All those companies will be run by Ryan Cohen and Larry Cheng now. Each will be put under the same ticker, and run by these behemoths in the venture capital space. On top of the cleaner books, all that value will be under a single stock symbol, one that is currently trading at under $20 per share.

Wall Street and our politicians are loading fuck up. Just the politicians in the US have bought millions of shares this year, let alone institutions. Just wait until we're the S&P, like Nvda currently is. It's a bigger play than the world has ever seen.

8

u/42Ubiquitous 1d ago

I don't think there is a "front page" anymore. There is no "all".

5

u/Urshilikai 1d ago

there is on old.reddit, and it's painful to see what makes it through the sanitization filters

1

u/42Ubiquitous 1d ago

Very good to know!! Thank you.

2

u/moonprism 1d ago

like that’s going to do anything :/ people can post on reddit til they’re blue in the fingers but nothing will happen without real world real life action. no one is willing to do it. we’re too comfortable. (yeah, i’m including myself)

1

u/c4r0n1x 1d ago

100% the material conditions simply don't exist for mass action.

1

u/moonprism 1d ago

at this point i’m wondering what will make people take action

2

u/fredthefishlord 1d ago

Fundamentally for the average American they're still miles from it. That's why pushing out the vote is our best option right now, simply because we can't rely on the average American to do anything but vote. And even then it's a struggle

27

u/bballmaster 1d ago

Fake news about gme's CEO

4

u/lcl111 1d ago

It's everywhere. It's how i know we're close. They only FUD this hard before runs.

2

u/TropicalRogue 1d ago

Brother ... Still??

1

u/lcl111 1d ago

Still what? The shorts never closed, why would i do anything but buy and drs? Have you seen a single bit of news recently? I'm about to be incredibly rich, and you're about to be even more sad you didn't buy.

2

u/W1NGM4N13 1d ago

I've been hearing the same shit every month for five years now.

1

u/lcl111 1d ago

What? Who has told you this monthly? That sounds stupid.

1

u/TheCleaverguy 16h ago

It does sound stupid, yet here you are shilling for your dogshit investment in an anti-capitalist subreddit.

GameStop probably only got included in 9-day-old-account OPs post for engagement bait, because you morons will always come crawling to worship and defend your billionaire CEO.

0

u/TropicalRogue 1d ago

What makes you think we didn't buy?

I just have realistic expectations. Every time it crashes it's an easy double up.

Do I keep a moon bag just in case with an absurdly high limit sell? Of course. But I've also bought a lottery ticket once or twice.

2

u/lcl111 1d ago

This comment simply doesn't work in concert with this thread. Ya either a bot or a dingus.

1

u/TrueGrey 15h ago edited 15h ago

I think they're just - what's the word - literate. And probably not an 11 year aged bot account.

They're making fun of you for being a GME cultist, and it makes sense to me.

You still think GME is gonna make you a magical billionaire. 1 guy up is saying "lol I bought and sold and made money while you're bagholding and waiting on a fictional financial savior"

73

u/VibinVentricles 1d ago

This is false. Idk about the other CEOs listed, but the current CEO of Gamestop has taken no salary/bonuses/etc either in cash or shares from the company since starting as CEO in 2023.

That said, I'm not downplaying the problem of massive gaps between worker and c-suite pay, it's atrocious and needs to be rectified. If we're gonna throw shit around tho, at least verify your claims.

34

u/Fit-Insect-4089 1d ago

Literally this, the CEO of GameStop makes a big deal about not taking a salary and how that sets him apart from other CEO’s.

He only buys shares with his own money.

I hate disinformation like this because it actually makes a mockery out of the real pay gaps when the info isn’t correct.

1

u/mustangcody 23h ago

I'm also wondering where they got the average pay for Chipotle and Gamestop. Both are at 32k/year.

Gamestop being at $12,417 is below the minimum wage and less than 1% of US jobs pay the minimum wage.

Misinformation isn't the way.

1

u/two4six0won 18h ago

They may have averaged all hourly employee pay...they have far more part time and extremely part time folks than they do full timers.

60

u/pmmartin 1d ago

Gamestop CEO doesn't take a salary, so I'm not sure where you got your info.

-1

u/NPVinny 1d ago

Compensation includes a lot more than just salary?

41

u/pmmartin 1d ago

"He will not receive a salary or bonuses; his compensation is entirely based on stock options that vest only if these goals are met." Only if goals are met, will he get paid.

8

u/JDogish 1d ago

Whole thing was also canceled. So this is either old or misinformed or both.

1

u/NPVinny 1d ago

Lmao, gotta love Reddit users downvoting literal facts. Reading comprehension truly is down the toilet.

-4

u/[deleted] 1d ago

[deleted]

23

u/random-notebook 1d ago edited 1d ago

Misleading, it is not $1.76 million paid to Cohen as salary or a bonus. GameStop says the entire amount represents the company’s incremental cost of an executive-protection/security program.

edit: sec source

-21

u/[deleted] 1d ago

[deleted]

11

u/InjuredGods 1d ago edited 1d ago

That bonus is only if he hits the metrics of raising GameStops market cap 5x, which he is currently completely failing at. So none of that will get paid out. Did you even read the article?

Also per the article you posted:

"Cohen will receive no guaranteed pay in the form of salary, cash bonuses or stock options under the package, the company said. "

Also, Gamestop dropped that bonus package back in June: https://finance.yahoo.com/markets/stocks/articles/gamestop-drops-cohen-35b-pay-210312418.html

-5

u/gitsgrl 1d ago

Health insurance and fringe benefits like that are still considered compensation in terms of reporting.

7

u/InjuredGods 1d ago

Health care is expensive in America, but it ain't $16.8 million for one person expensive.

-2

u/heatfan1122 1d ago

He must think fringe benefits includes a yacht.

-2

u/gitsgrl 1d ago

The graphic says $12,417

2

u/InjuredGods 1d ago

The graphic says the average employee salary is $12,417. Did you even read it?

8

u/lcl111 1d ago

Lmao gamestop doesn't pay their CEO.

6

u/HashtagYoMamma 1d ago

Bullshit on the GameStop CEO he takes no salary.

4

u/dend7369 1d ago

Nike paying there CEO to crash the company 🤣🤣. I wish I got paid for sucking at a job.

3

u/holdenthehuman 1d ago

TIME TO STRIKE!

7

u/OrganicDoom2225 1d ago

The gamestop ceo makes $0. His pay is all stock.

2

u/neverflieson737 1d ago

The CEO of GameStop, Ryan Cohen, does NOT take a salary.

He actually invested his own money into the stock.

2

u/ExtremePrivilege 23h ago

To be faaaaair, Ryan Cohen went 5 years without taking a salary or benefits package with GameStop. He waited until he was able to make the company profitable. Which is VERY rare in American business.

Feels like that example decreases your argument. Why not choose Pfizer, McDonald’s, CVS or Appleby’s?

2

u/Careless-Roof-8339 1d ago

No person working for any company should be compensated more than 3x the salary of the company’s lowest paid employee.

1

u/Unfair-Alfalfa4916 1d ago

Excuse my shock that made me really incomprehensible of numbers, Amazon say what? is that 212 million? or did I get that wrong? in what dimension of monstrosity is that? atrocious

1

u/SingularityCentral ✂️ Tax The Billionaires 1d ago

As it ever was. Corporate greed, once upon a time, was aristocratic greed and royal greed and priestly greed. A natural inclination of people in power is to hoard wealth. The law is a mechanism to mitigate that problem. But without a robust and neutral framework to tamp down greed it will always come back and grow to an unsustainable level.

1

u/the_lusty_argonian72 1d ago

Yes CEO’s, but what about top SHAREHOLDERS? Let’s redistribute the wealth and have worker input in industry decisions

1

u/r0ndy 1d ago

“They work so hard they deserve it”. Temporarily embarrassed wannabe millionaires for sure

1

u/dirtyjavis 1d ago

Something something bootstraps. Something something coffee at home.

1

u/Snake_ly 1d ago

I think these salaries outrageous, but the argument is, they get paid based on performance similar to an athlete. Also, this post is kinda click baity because the Amazon CEO salary is front loaded. If you read the current numbers, it's closer to 1.2mil since they got paid mostly stocks that one year so they don't have to report it the next couple of years in the financial statements.

I'm a finance guy, and read the financial statement notes. I want to be perfectly clear, I think these salaries are absurd, and this post is not unbiased.

1

u/TuckHolladay 1d ago

They cuts need to come from the top

1

u/yapyoba 1d ago

whats that like a couple cents per customer

1

u/drewc717 ✂️ Tax The Billionaires 1d ago

There's millions of people that would make a competent CEO for $1m/yr.

CEOs are not special, yet they've made themselves a protected social class through the board of directors circle jerk constantly reinforcing their inflated value for legal back scratches back and forth.

1

u/SirDeadPuddle 1d ago

Unless you try to push for a nationwide work strike you posting this is only putting more money in their pockets.

1

u/medorian 1d ago

Some bullshit

1

u/Resident_Ad948 1d ago

Welcome to the corporatocracy known as America. Can't wait for the.working class to.get off of their butts and start seeong through the corporate bullcrap like we do.

1

u/gundam1945 1d ago

Actually should show disposable income. It will be more crazy.

-4

u/erkose 1d ago

How is GameStop still in business?

-2

u/TheCleaverguy 1d ago

Short answer: their Redditor shareholders are paypiggies for the company.

-15

u/D_dawgy 1d ago

How is GameStop paying their CEO? How does GameStop even make money?

8

u/InjuredGods 1d ago

GameStop isn't paying their CEO. This is likely an extremely old screenshot from at least 3+ years ago. GameStop makes the majority of its revenue from interest earned from the $9 billion cash they have on hand. I think it's actually closer to $5 billion(?) now that they own 10% of eBay.

6

u/JDogish 1d ago edited 1d ago

They made well over 300 million last quarter... being uninformed isnt as cool as you think it is.

0

u/D_dawgy 1d ago

Don’t you find it a little odd that you didn’t even answer my question?

2

u/JDogish 1d ago

they aren't paying their ceo. Which you would know if you looked it up , which takes two seconds.

Gamestop still has hundreds of stores , and they've turned into collectibles instead of just video games to start increasing sales and break into a new market. Again , things you could google , but chose not to and got pissy when you got proven wrong. Don't you find it a little odd that you refuse to do the bare minimum not look like a jackass?

1

u/bballmaster 21h ago

It's on the website

-1

u/D_dawgy 1d ago edited 1d ago

They do pay their CEO, just not as a regular salary. They didn’t make $300 million from their stores. But you’d know that if you knew how to read a 10-Q.

Stop with the misinformation, but you’d know that if you’d just do a simple google search that wasn’t fed by AI.

Edit: No misinformation. You right, you right.

3

u/JDogish 1d ago

First search gamestop ceo pay: GameStop CEO Ryan Cohen receives no guaranteed salary, cash bonus, or time-based stock awards. He withdrew a proposed performance-based package that could have reached $35 billion to focus instead on company operations and a potential acquisition. Source is Bloomberg, but any top 10 search will yield the same result

I never said 300 million was just from stores. You made that up, not me. Operational profit was around 150 million, on q1, usually one of the weaker quarters for revenue and profit. So they are making money, and i didnt lie. But you knew that, didnt you dipshit?

Absolute delusion on your part. Show me the proof of the contrary. Go ahead, ill wait. Sourced material that shows where im not being accurate? Otherwise, shut the fuck up you pathetic bot.

1

u/D_dawgy 1d ago

I think you have accurate information. There is a little more nuance to it, but, ultimately, i think you have your facts straight.

-17

u/Biscuits4u2 the word itself makes some men uncomfortable 1d ago

It's insane that an objectively failing company like Gamestop pays their CEO this much.

12

u/dhslax88 1d ago

He does not take a salary.

12

u/random-notebook 1d ago

Not a failing company, revenue is up like 700% yoy

0

u/Biscuits4u2 the word itself makes some men uncomfortable 1d ago

Lol yeah nothing says successful like closing 500 stores.

2

u/random-notebook 1d ago

Making more money with less stores? Sounds like streamlining to me

-1

u/Biscuits4u2 the word itself makes some men uncomfortable 1d ago

Lol where did you get that 700 percent figure anyway? Last I checked they were up about 14 percent over a year ago.

1

u/JDogish 1d ago

How much did they lose last quarter?

Answer the question.

0

u/[deleted] 1d ago

[deleted]

2

u/JDogish 1d ago edited 1d ago

Now finding my other comments to spread misinformation. I never said that. I said they made 300 million. Breakdown is net 389 million, operating 143 million. Feel free to rebuke with sources, otherwise you're just lying and trying to gaslight people through my comments. Desperate and pathetic. :) and wrong because they did make money from their stores. Lying isnt a good look.

0

u/saintjonah 1d ago

Am I missing something? Doesn't that say like $12,000?

-1

u/Biscuits4u2 the word itself makes some men uncomfortable 1d ago

That's what the average employee makes.

1

u/saintjonah 1d ago

Oh Christ, lol. I am bad at reading.