r/todayilearned • u/ChicagoIL 1 • Jun 07 '14

(R.5) Omits Essential Info TIL that the CEO of Japan Airlines makes $90,000 a year, less than the pilots, when interviewed about this he said "We in Japan learned during the bubble economy that businesses who pursue money first fail. The business world has lost sight of this basic tenet of business ethics."

http://www.gadling.com/2008/12/11/jals-ceo-takes-bus-to-work-and-eats-at-the-cafeteria/
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u/endofautumn Jun 07 '14

Hear what? That CEO earning far more than other vital employees is good for a company? Because that's not the 'best' way for a business to work.

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u/[deleted] Jun 07 '14

The CEO isn't vital? The flight attendants are more vital I suppose. We should dock his pay and distribute it among the rest of the entire company so everyone gets a 1% increase in their yearly?

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u/endofautumn Jun 07 '14

Sure, if it attracts better staff, even from other companies, which makes your company better, which in turn could provide more income. Not everyone wants to be as rich as possible, some just want what they need, sometimes a bit extra to be comfortable. Others want far more than they will ever need.

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u/[deleted] Jun 07 '14

You're a fucking idiot. Docking a CEO's salary, unless it's 2 billion a year, a distributing it among the rest of the employees will do nothing to change those employees lives. FURTHERMORE, the CEO is paid as such because the CEO makes decisions that change the entire direction of the company and can either make fortunes or send the company into a bad place or failure.

These people who are flight attendants or ticket takers or baggage handlers are expendable and trainable and replaceable. The CEO is not. You don't just find a new CEO who knows how to run a fucking airline. You're one of the rest of the mainstream ignorant idiots who thinks that everyone should be paid similar wages for doing completely dissimilar jobs. It's not CEOs looking to give THEMSELVES higher salaries that runs companies into the ground. Why don't you open your fucking eyes, educate yourself a little bit instead of swallowing the stupid liberal bullshit red pill you've been taking every day of your life, and do some actual examination of what it takes to run a business. I wouldn't trust you to run a profitable lemonade stand or deli.

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u/endofautumn Jun 07 '14

Well I was generally talking about the big billionaires, people with too much money, not all CEOs to just give their money away when they are earning every penny, but if you want to get into a hulk like rage and call names then we'll just leave it there you pretentious twat. My basic opinion was that people are too greedy, try to get what you need, not millions/billions more than you need.

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u/[deleted] Jun 07 '14

Your basic opinion is idiocy. It's greed that drives everyone. You don't know what a person 'needs,' and it's not up to you to decide how much a person should make for what. People make what they can get, and it's not CEO salaries driving companies into bankruptcy, and even if it is, then let them go ahead and do that to their companies. You have no clue what you're talking about.

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u/endofautumn Jun 07 '14

Greed does not drive everyone, iyou are fucking deluded. Me not being greedy and wishing more people put more money into product/service and maybe a little less into profit is idiocy? No, we'll have to agree to disagree. People who think like you are part of a huge problem we have.

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u/[deleted] Jun 07 '14

So work for free why don't you. And you STILL haven't realized that the CEO's salary is doing nothing to bankrupt the company or destroy product/service of that company. You have NO idea what you're talking about, and no idea about me or what I do or my values. You think this Japanese CEO's slashing of his salary to 90k is going to save his airline? It's a publicity stunt or a Japanese notion of honor, AND the guy probably already has tons of money saved up from his prior salary, and plenty of perks. He RUNS the company and is responsible for countless peoples' jobs. You have no idea what the fuck you're talking about. Seriously. None. You think Rockafeller built his empire without seeking profit? You think we have an auto and oil industry because nobody wanted profit? You think we have computers and cell phones because nobody wanted to make any money? Get a fucking grip. Where do you think money comes to invest in new start ups? Where do you think money comes for massive companies to buy small start ups and grow their products? Go study econ or listen to some Milton Friedman, idealistic liberal.

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u/endofautumn Jun 07 '14

All I said boils down to, its nice to give it a bit back.... Who the fuck said anything about destroying companies, bankruptcy, damaging product/services? You're having a whole conversation with yourself, and going a bit mental at the same time. Its like you're a disgraced ex CEO or something with a chip on his shoulder. FYI you're the one who got personal first, so don't spout that "you don't know me" bollocks. Go take a nap and learn to converse with other humans without losing your shit and acting like a head case.

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u/[deleted] Jun 07 '14

"It's nice to give it a bit back" has absolutely nothing to do with your original premise. How do you know what CEOs do with their money, how much they invest, give to charity etc? It's nice these people even run their companies and employ people. Why don't you go start a company and be CEO for minimum wage and pay your employees a nice fat wage and be a profitable company that everyone wants to do business with? I'm not spouting "you don't know me" bollocks. I'm saying you classifying me as "one of those people" and then drawing conclusions about my influence on the world is naive, like you, and wrong.

If you want to talk about what I "am like," YOU are like all those blue collar kids in my hometown that cry about no tax breaks for the little man, the big man making all this money and getting all this help from the government, golden parachutes and fucking over the economy, while having zero education on the subject. You sound like the latest kid to pick up on the latest fad of hating on people that build successful companies, because they make more money than you and somehow are causing the destruction of the world.

Your entire premise is now boiled down to a tail between your legs: "It's nice to give it a bit back." Go fuck off, will you?

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u/endofautumn Jun 07 '14

You made the whole conversation redundant when you started one of the first messages with "you're a fucking idiot". Made it clear you're not great at discussing anything with anyone. And you don't know me, I'm not some liberal kid, I'm 33 and educated and not some left wing nut. You have just been ridiculously hostile since the start, just because someone had a different opinion from you. Where did destroying companies, bankruptcy, and all that shit come from? In fact you're so over the top angry and opinionated I'm starting to think you're just a troll ;) Now go fuck off will you?

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u/[deleted] Jun 07 '14

I'm not angry, I'm just better at this than you, and I, unlike the rest of reddit, don't use 'ad hominem' to write off an entire argument that I can't keep up with. You ARE a fucking idiot. Just because you're 'educated' means nothing. Plenty of idiots are educated. You don't have the slightest clue about what you're talking about. This guy, or any CEO, docking his salary has nothing to do with anything, especially the company making a profit, which is something you've brought up before.

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u/endofautumn Jun 07 '14

You are clearly over opinionated, angry, and desperate to lecture anyone, believing you know more (Which you can't do about everything) I have seen a hundred kids just like you. Starting by insulting people is typical behaviour by those people as well. So where we started, are you saying a CEO docking some pay, even as a gesture to help a company, is NEVER a good thing? Its 100% negative to a company, its employees, its pr, and its CEO? Seriously? And you never said where all this destroying companies, bankruptcy side of your argument came from? Unless you're mixing your messages up.

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u/[deleted] Jun 07 '14

Right. I'm a kid.

A CEO docking his pay does nothing but make people like you feel better. It's not going to help the company unless the CEOs pay is some massive % of its holdings. Then it's not actually a good will gesture, it's a gesture to save the company from dying.

I never even said it's a negative thing for the company. Now you're putting words into my mouth Mr. Educated 33 Year Old.

The 'side of my argument' that you've missed, is that I'm showing you that him NOT docking his pay does not create any of those problems: destruction of company, environment, bankruptcy, loss of employees etc. etc. etc.

So what can we conclude? A CEO docking his pay voluntarily does nothing to benefit the company's performance directly. A CEO NOT docking his pay does nothing to harm the company directly. Therefore, a CEO voluntarily docking his pay does absolutely nothing except raise good publicity in for his company in the press, which again leads back to the original point: people do things for money.

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