Never tried the numbers of all executive pay, but did it with American Airlines and their CEO. (This was back on reddit, not going digging there.)
tl;dr: If American payed their CEO $0 and spread the wealth, each employee would get a $.19 raise. Oh boy.
It’s easy to point and say, “Oi! Why is that guy getting paid so much and me so little!” Executive pay amounts amounts to beans, but it’s easy to understand and get upset about. Meanwhile, they have dozens of other tricks, stock buybacks come to mind, that siphon billions away from labor.
Never tried the numbers of all executive pay, but did it with American Airlines and their CEO. (This was back on reddit, not going digging there.)
tl;dr: If American payed their CEO $0 and spread the wealth, each employee would get a $.19 raise. Oh boy.
It’s easy to point and say, “Oi! Why is that guy getting paid so much and me so little!” Executive pay amounts amounts to beans, but it’s easy to understand and get upset about. Meanwhile, they have dozens of other tricks, stock buybacks come to mind, that siphon billions away from labor.
They get paid these big money to do stock buy backs and other crime against labour.
Compensation Committee is a check on their priorities that board wants executed
The more tricks a ceo whore do, the better the comp package.