this post was submitted on 27 Sep 2023
376 points (95.0% liked)
Memes
45655 readers
2613 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In my opinion salary difference should always be a thing, but it should be balanced by the risk of the investment from the CEOs. Nowadays too many companies are bailed out by the government, so basically there's no risk of running the business and huge salary for the top management. That's an issue.
The risk of running a business? It’s not like owning a company makes you responsible for that company’s loans if the business goes under or something.
I guess it depends country by country. A company that is not netting anything at the end of the year or if it's loosing money is a direct loss on the entrepreneur's salary. Also if you do this too much, then it's the entrepreneur that should fix the missing money for his employees or for other company with which he is in debt with.
Then again, it's on the government to make sure this guy pays for the debt he left behind.
Oftentimes the story is different and somehow the boss manages somehow to "run away". Then if you speak about appointed CEOs into S&P500 companies, that's another story again because the "risk" there is really minimum for them, and other than "their image" they don't risk anything.