Comment by bagacrap
8 hours ago
Of course a small company of under 1000 employees is going to have a lower executive pay and therefore lower pay gap/ratio than a Fortune 500 company.
As someone who has a 401k, I certainly hope that the CEOs of our biggest companies are more highly compensated (~competent) than the CEO of Martin's Chicken Shack.
I hope that the CEOs of our biggest companies will be called to demonstrate the same sort of integrity and compassion which Robin Lee and his father have, and I'd rather have that than more money in my pocket or my 401K (which I've done my best to direct towards investments which I consider to be ethical).
Do you? It is all a matter of incentives. When the sky is the limit for executive compensation and we tie it to lagging short term indicators such as stock prices aren’t we incentivizing executives to focus on short term gain at the expense of long term value creation?
Doesn’t this general climate disproportionately advantage the well connected, the insider traders?
And as a citizen of a given jurisdiction, even if you are doing great in the capital markets, is it worth the living in an increasingly enshittified society?
And yet the tolerance for bad decisions is much higher in bigger companies. Make a bad decision at large company and simple intertia will keep you going. Make a bad decision in a small company and you're out of business.
I mean, last November amazon laid off 14k people claiming pandemic over hiring.
Inertia certainly seems to insulate Jassy from ownership
Yes