this post was submitted on 14 Dec 2024
767 points (98.4% liked)

News

36201 readers
2748 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Grandwolf319@sh.itjust.works 109 points 1 year ago* (last edited 1 year ago) (4 children)

Most people don’t hate CEOs.

Uhhh, that actually might not be true.

If you were to do a poll in the US I think you can crack 51%, especially if you phrase it by mentioning that they have a fiduciary responsibility to maximize profit regardless of morality.

Edit: just had a thought. Given how much more money they make than the average worker, and that the average worker puts their health at risk by sitting at a desk so much, this might actually make sense in terms of risk/reward structure.

If the ultra wealthy make more than 1000 than me, shouldn’t they take 1000 times more risk of dying (I’m not supporting violence).

[–] ByteOnBikes@slrpnk.net 56 points 1 year ago (1 children)

Why would anybody hate CEOs?

(Btw this is just in the past month)

[–] catloaf@lemm.ee 29 points 1 year ago

For the curious: https://musictech.com/news/industry/the-musicians-club-ceo-fires-99-employees-reddit/

This guy ran an online musical instrument business, exploiting unpaid remote workers. There is nothing of value lost here.

[–] peopleproblems@lemmy.world 34 points 1 year ago

I would think that the title of CEO might not be appropriate to every organization either. I know a rather big org where the CEO is basically someone who begs for investors, and the CAO does what a CEO usually does. There are orgs where that's the CFO, or the COO. Regardless of the title, it's all executives we're angry about because of the incredible income disparities versus actual responsibilities.

The executives I've met are essentially hype men or thumbs up thumbs down types. All of them were finance types or management types. To me, if your only qualification is many years of managing with barely any experience in the actual product/service your org provides, then that's a problem.

Hospitals run by management types? Engineering services run by accountants? It's all middlemen extracting piece of the pie from the people actually doing the work.

As a society we need to purge the system of middlemen period. The internet made middlemen obsolete, yet they are still exploiting labor in ridiculous ways.

[–] john89@lemmy.ca 23 points 1 year ago (2 children)

I don't hate somebody just because they're a CEO.

I hate all rich people though that aren't using their wealth to improve the lives of others as much as possible.

[–] slumlordthanatos@lemmy.world 22 points 1 year ago (2 children)

I mean, the likes of Elon Musk and Jeff Bezos could end world hunger with a snap of their bony fingers, and they're not doing it, despite the fact that they would still be wealthy beyond comprehension if they did.

We're asking them to do the bare minimum and utilize their wealth in a responsible manner, and they're not even doing that much.

[–] kent_eh@lemmy.ca 6 points 1 year ago

the likes of Elon Musk and Jeff Bezos could end world hunger with a snap of their bony fingers, and they're not doing it, despite the fact that they would still be wealthy beyond comprehension if they did.

I'm reminded of this line Citizen Kane:

You're right, I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars next year. You know, Mr. Thatcher, at the rate of a million dollars a year, I'll have to close this place in... sixty years”.

[–] redwattlebird@lemmings.world 6 points 1 year ago

Most, if not all, CEOs are rich though and I'm sure most people follow your sentiments too. It's just that CEOs are currently the flavour of the month.

[–] kent_eh@lemmy.ca 4 points 1 year ago

especially if you phrase it by mentioning that they have a fiduciary responsibility to maximize profit regardless of morality.

Also regardless of mortality.