this post was submitted on 18 Apr 2026
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Late Stage Capitalism

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[–] Evil_Shrubbery@thelemmy.club 16 points 16 hours ago* (last edited 16 hours ago) (2 children)

It's not the CEO, it's the shareholder class (and the system).

CEOs are just lapdogs with a job.
Shareholders dictate what CEOs (management board) objectives are. Is usually profit. If their job was to maximise wages, CEOs would try anything to achieve that.

Ppl will really think CEOs that affect profit by 0.01% are the issue, not where the vast profit goes, and why is profit king above all else (human lives & ecosystems included).

[–] GreenBeanMachine@lemmy.world 8 points 3 hours ago* (last edited 3 hours ago) (2 children)

In most cases CEOs are also shareholders. And often the majority shareholders. Their bonuses are often made up of shares. They are in most cases the same cunts.

There's like 100 big names in business who are shareholders and board members on each other's businesses.

[–] Wilco@lemmy.zip 3 points 1 hour ago

Yes, it is a rigged system.

[–] CaptPretentious@lemmy.world 13 points 15 hours ago (2 children)

The CEO is still the top-paid employee, who has a golden parachute in their contract, and will happily fuck over as many employees and lives as needed to make the bottom line look good. And they can influence a lot.

Example, if you kill one, Anthem BlueCross BlueShield will revert to the Anesthesia Policy they had planned. So they do have some impact.

[–] Shindo66@lemmy.world 2 points 13 hours ago

I think youre actually agreeing in a round about way. The ceo is beholden to the shareholders who just want the stock price to go up. You have to pay a ceo that much money because they see the books, they see the profit, they have a hard job to do selling out their own employees. How much does your soul cost? Well, for some ceos its 20 million. Theyre the train conductor running the train down the rails of profit over people.

[–] Evil_Shrubbery@thelemmy.club 2 points 14 hours ago* (last edited 14 hours ago)

Agreed.

It's also why the extreme change you described was so small.