Comment by griffinkelly
4 hours ago
One other interesting fact about Japanese companies is that their CEOs get paid far far less than Western companies.
Checkout this article that talks about it: https://www.theatlantic.com/business/2010/07/5-lessons-of-ja...
edit: added article.
As it should be. The pay gap from CEO to bottom tier worker is now obscene (21 times in 1965 and ~285 today). It's the foxes looking after the henhouses.
Not sure why the left cares so much about CEO to work pay ratio these days, especially when Marx himself recognized that ownership was the true source inequality. A CEO is just a really well paid worker. Even CEOs who become billionaires do so from capital appreciation more than compensation.
A CEO is a worker incentivized to maximize profits to maximize compensation. And nowadays they see other workers not as a profit center, but as a blockage to their next big payout.
So yes, it is a problem when leadership doesn't have long term aspirations for the large company.
Because Marx theories do not hold up to reality, and most people can plainly see it.
How is it working for the US to have every company mostly owned by the general public's retirement funds?
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