Comment by itake
1 day ago
State Farm’s revenue was $104.2 billion for 2023. His payment was 0.02% of the revenue. That’s basically a rounding error.
1 day ago
State Farm’s revenue was $104.2 billion for 2023. His payment was 0.02% of the revenue. That’s basically a rounding error.
Wouldn't it make more sense to compare it to profit rather than revenue? They suffered a $6.3 billion dollar net loss in 2023.
I don’t know. Profit (mostly?) matters to investors and the company’s substantially.
His pay was 0.39% of the loss. Still a drop in the ocean imho.
Should he have been paid less ? Or more? I don’t know.
But what I do know is when people get upset at stock buybacks or CEO pay, the act like if the company didn’t do these things the company would be drastically different.