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this post was submitted on 05 Dec 2024
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ooohh. You were so close. Then you went and make up a fictitious story for which you have no evidence of. Where are you getting this idea that someone is just sucking up money?
The money these people make are agreed upon by the board of directors and the shareholders. Some make money by way of a paycheck and some by stocks options. The UHC guy was making $20 million a year. Is that ridiculous? I dunno. I've never run a health insurance company. Did he bring $20 million of value to the company? Maybe.
It's not about the effort someone puts in, it's the value they generate. I can tell you that I put in very little effort in my job but the value I offer the company is significant. If you go to school and spend hundreds of thousands on a degree, the value you present the company, presumably, is more significant than the value someone without an education brings.
What's not given enough attention is the peacocking among CEOs. I think a large portion of their salaries is just to be competitive with other businesses in the same industry. This CEO makes $X, this one makes $X+. This is part of a resume that gives their next employer a place to work from. That's insider business based on bullshit.
I won't begin to defend the staggering amount of money Bezos is still making while not working at Amazon. However, he's doing good things with the money he has. https://en.wikipedia.org/wiki/Jeff_Bezos#Philanthropy
But, I get your point. We shouldn't have people in this world so wealthy that they can donate $100 Million to food banks. You think there's a version of this world where that $100 million wouldn't be needed because the billionaires are sucking it up off the top.
I love the idea of this utopia. I've yet to hear a compelling argument about how to achieve this. I'd like to think we start with fixing the media and elections. Assuming we get the child of FDR and Bernie Sanders in office, what next? How do you convince the people that amassing personal wealth without sticky Uncle Sam fingers is bad? How do you convince these Unites States that a rising tide lifts all ships? Is it a bullet flying in the wrong direction or are we on a pendulum?
Ain't no arguin with a boot licker who cant answer the question "Did he bring 20 million value to the company". No. He did not. He did 0 of the work that made the company any money. He was worthless. Worse than worthless, he was an active drain. And then he got drained like he deserved.