rbreich , to Random
@rbreich@masto.ai avatar

The CEO-to-worker pay gap at America’s largest companies was 344-to-1 last year.

In 1965, the ratio was 20-to-1.

This explosion in CEO pay relative to the pay of workers isn’t because CEOs have become so much more valuable.

They've just gamed the system to line their pockets.

jstatepost ,
@jstatepost@mstdn.social avatar

@rbreich
🥥 Eye submit that the 344-to-1 pay gap between overpaid CEOs and their employees is fueling low pay for workers in ways that are both obvious -- in the US wealth gap -- and hidden -- as in the inflation of most goods and services.
And don't even get me started on how blatantly the toxic rich are purchasing elected officials, the judicial system, and policing. 🥥
, , , , , ,

rbreich , to Random
@rbreich@masto.ai avatar

Boeing's outgoing CEO could get a "golden parachute" worth as much as $45 million.

The CEO before him got one worth $62 million on his way out the door in 2019.

America has socialism for the rich, harsh capitalism for everyone else.

diegopappalardo ,
@diegopappalardo@toot.community avatar

@rbreich when I was a child I asked my father "why are big bosses paid so much".
He told me they work a lot and have lots of responsibility.

Okay.

I'd be happy to "work" by playing golf and eating in expensive restaurants, while getting 45 millions for not taking any responsibility and putting air passengers at risk.

Seriously, what a job!

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