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[-] SCB@lemmy.world 35 points 1 year ago* (last edited 1 year ago)

365x the average workers salary divided by 150,000 workers.

Like the math is written out.

The company can pay more for sure, but Reich should know enough to look at these publicly traded companies' cash-on-hand.

As an example:

According to Ford's latest financial reports the company has $42.82 B in cash and cash equivalents.

CEO pay needs a cap but not because workers are paid less. CEO pay is not that big a drain on these companies' resources.

[-] theuberwalrus@lemmy.world 2 points 1 year ago

You're right, it's only the CEO that's overpaid, no one else.

[-] SCB@lemmy.world 6 points 1 year ago* (last edited 1 year ago)

I didn't specify that at all?

Do you understand what cash on hand is?

[-] theuberwalrus@lemmy.world 2 points 1 year ago

You say the math is written out, and then compare one overpaid person to the number of striking workers. Pretty dumb.

And you're the one that doesn't understand cash or shareholders.

[-] SCB@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

I do exactly the opposite of that, actually.

You literally have as much time as you'd like to read and parse that post, and can even ask me questions if the words are too confusing.

Hint:

365x the average workers salary divided by 150,000 workers.

This is suggesting robbing the CEO to pay Paul is not the slam dunk win people (including NIMBY Robert Reich) think it is.

[-] theuberwalrus@lemmy.world 3 points 1 year ago

You don't even understand your own words, amazing.

[-] SCB@lemmy.world 3 points 1 year ago* (last edited 1 year ago)
[-] theuberwalrus@lemmy.world 1 points 1 year ago

You're the one who thinks that the CEO to worker pay ratio is literally only about the CEO. You also think that cash on hand can be freely distributed to workers if that's what management wants. I'm not the idiot here. You are.

[-] SCB@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

If you mean something other than CEO to worker pay, perhaps you should articulate that. You still have not made any sense whatsoever.

Cash on hand can absolutely be spent in a wide variety of ways, be it M&A, disaster scenarios, or sudden changes to business structure. That's one of the most significant purposes of cash on hand.

Have you ever worked in a senior position at a company? Ever run your own business?

[-] theuberwalrus@lemmy.world 1 points 1 year ago

Everyone who is not an idiot knows that it's about executive pay in general vs worker pay.

Way to not address the specific point I made about cash. But answer this instead: who owns the cash a company generates?

[-] SCB@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Everyone who is not an idiot knows that it’s about executive pay in general vs worker pay.

Lol this is nonsense.

First off, executives are literally workers. You claim to have an MBA in your post history yet you understand nothing about how businesses actually work

[-] theuberwalrus@lemmy.world 1 points 1 year ago

Executives are part of manager class, idiot, not the worker class.

[-] SCB@lemmy.world 1 points 1 year ago

Classes aren't real. You can tell because they mean whatever you want them to mean.

If I am doing a job for pay, I am a worker.

[-] theuberwalrus@lemmy.world 1 points 1 year ago

Every time you open your mouth, you say something even stupider than the last. Keep sucking corporate dick.

[-] twistypencil@lemmy.world 1 points 1 year ago

Whoa Nelly, go to you room, no ice cream for you

[-] SCB@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Reality is going to be super weird for you when your actually do graduate. Stop pretending on the internet. It's a weird look, and you never know who actually might have the experience you pretend to have

[-] theuberwalrus@lemmy.world 1 points 1 year ago

LMAO ok dude, I'm sure your vast experience eating ass at your tiny 200 person company to make your way up to manager qualifies you to make asinine comments like "herp derp look at their balance sheet to see how much they can increase pay", but you literally know less than nothing.

[-] SCB@lemmy.world 1 points 1 year ago

Good luck in school this year!

[-] theuberwalrus@lemmy.world 1 points 1 year ago

LOL I graduated a decade ago, keep embarrassing yourself

[-] SCB@lemmy.world 1 points 1 year ago

Ouch that's rough man. That makes you look even worse.

Then again you've lied here in the past so no telling what lies you're making up now.

[-] theuberwalrus@lemmy.world 1 points 1 year ago

Imagine being a corporate bootlicker and and thinking the guy pointing that out looks bad.

When have I lied?

[-] twistypencil@lemmy.world 1 points 1 year ago

Well you two are cute, get a room

[-] twistypencil@lemmy.world 1 points 1 year ago

Enough of the hyperbolic ad hominem. Chill my dude

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this post was submitted on 16 Sep 2023
1422 points (100.0% liked)

Antiwork

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