this post was submitted on 11 Apr 2025
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Uplifting News

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[–] [email protected] 10 points 2 days ago (4 children)

like CEO pay must not be more than 10 times the amount they pay their lowest paid worker?
that sounds fair

[–] [email protected] 5 points 2 days ago

Used to be 40x, I could live with that. At $20 min. wage, that's about $1.65M. Fair enough for a monster corporation's CEO. Would you hire some asshole who says he'll run McDonald's Corporation for 10x at $416K? I'd be sus.

And here we have the facts of the matter:

The CEO and now chairman of McDonald's was paid $19.2 million last year in salary, bonuses and stock, according to federal securities filings.

That breaks down to an hourly wage of $9230.77, not including holidays, PTO, etc. 462x the lowest paid employee in California. 40x doesn't sound so bad now, does it?

But still, CEO pay ain't the problem, it's a symptom of runaway capitalism. Ran the numbers a couple of years back on American Airlines. If their CEO took zero compensation they could award every employee a $236 yearly check. I'd be fucking insulted if that was my Christmas bonus.

[–] [email protected] 3 points 2 days ago

Also if they try to pull a "These aren't employees they are independent contractors that just happen to work in my store and wear my uniform and..." we hang them as an example to the rest.

[–] [email protected] 3 points 2 days ago

Even better would be if a CEO can only earn more than their lowest payed workers if everyone they employ earns at least a livable wage.

[–] [email protected] 2 points 2 days ago

That's how Pirate's codes were written, a deck swabber gets one share of the loot, a cook gets two, officers get three, and the captain gets five.

And if the crew isn't happy with the captain they could vote him out and elect a new one.

Yarr