this post was submitted on 22 Sep 2023
360 points (98.1% liked)

Technology

59390 readers
4077 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
360
Journalist asks GM CEO Mary Barra about $29 million paycheck after UAW strike — On average, the Detroit Three's CEOs are making 40 percent more today than they did four years ago (www.carscoops.com)
submitted 1 year ago by [email protected] to c/[email protected]
25 comments fedilink hide all child comments
 

Journalist asks GM CEO Mary Barra about $29 million paycheck after UAW strike — On average, the Detroit Three's CEOs are making 40 percent more today than they did four years ago::On average, the Detroit Three's CEOs are making 40 percent more today than they did four years ago

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 year ago (1 children)

(I'm really referring to times since the modernization of stock valuation since the other comment refers to technical financial data like EPS.)

[–] [email protected] 1 points 1 year ago (1 children)

I wrote that comment. EPS isn't technical, it's just the amount of profit made per share. It existed when Andrew Carnegie was around.

[–] [email protected] 2 points 1 year ago (1 children)

I'm not sure I understand your point here. Yes, Andrew Carnegie made money by exploiting workers. That's why that period of time saw the birth of the American labor movement. Which is also why these workers are going on strike.

I'm glad you agree with me?

[–] [email protected] 1 points 1 year ago (1 children)

You said:

Yes but one of the primary ways corporations are making money these days is by not hiring enough workers and not paying current workers 3x the salary even though they're expected to do the work of 3 people.

Why would you say "these days" when that has always been the case, except for a short period from 1940 to 1980?

[–] [email protected] 2 points 1 year ago (1 children)

Because there was a short time where that wasn't happening, which proves that it's possible. I can amend my statement to "these days just like they did back in the gilded age" if that helps somehow?

[–] [email protected] 0 points 1 year ago (1 children)

I guess, but usually "these days" doesn't include last century (80s and 90s).

[–] [email protected] 0 points 1 year ago

You're splitting some seriously irrelevant hairs