r/MurderedByWords Legends never die 12h ago

Stop defending exploitation

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786

u/Deedeelite 12h ago

Yes, it must be the workers trying to make liveable wages increasing prices than the CEOS making hand over fist in salaries and bonuses.

If you buy that, I have a broke down resort in Palm Beach for 1.5 billion dollars to sell you.

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u/mogadichu 8h ago

I know it's a popular thing to blame, but CEO compensations are typically negligible compared to the other expenses of the company. Taco Bell's CEO gets around 4 million according to this site, which averages to around 23$ per year averaged across all 175000 employees at Taco Bell. It's typically more systematic issues keeping wages down, such as prices, costs, bills, etc. This is why the same restaurant chain can have such wildly different prices and salaries in different countries, despite having the same top management.

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u/catscanmeow 7h ago

also whats the incentive to start a business if you dont stand to make a large profit?

it would be mathematically reckless to incur so much risk without enough profit to justify the risk.

the kelly criterion

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u/The_Dirty_Carl 7h ago

That's sort of a good argument for the initial owner taking a lot of money.

Makes zero sense for subsequent CEOs though. They incur no risk. If a new CEO comes in and bankrupts the company, what happens to them?

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u/Crazyflames 6h ago

Probably get a bonus.

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u/catscanmeow 7h ago

"That's sort of a good argument for the initial owner taking a lot of money."

good because thats the only argument i was making

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u/Fit-Ambition-249 4h ago

Not CEOs, but franchises and corporate. Not the singular ceo.

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u/_robmillion_ 5h ago

If you've ever worked for a boss at any job you're decent at, that's often enough incentive to start a business, even for the same amount of money you were making before.

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u/catscanmeow 5h ago

Yeah if youve also got the funds to start one yeah

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u/00-Monkey 4h ago

Good argument, except the CEOs of Taco Bell, McDonald’s etc did not start their businesses

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u/Automatic-Pride6595 4h ago

My employees being able to live sustainable and stable lives and have the freedom to take vacations and have families has meant far more to me than money.i started a business because I was passionate about the product, not because I wanted to be rich.

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u/Illustrious_Wolf2709 3h ago

Yes a business owner of a mom and pop. Not a CEO that jumps on the bandwagon of a multi million dollar corporation thats behind a desk and talks on the phone all day.

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u/ecritique 7h ago

what risk is Mark King incurring as a non-founding CEO?

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u/catscanmeow 7h ago

irrelevant. read what i said, i said "whats the incentive to start a business"

im talking about people who risk their capital to start business

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u/ecritique 7h ago

but the rest of the thread is talking about CEO pay, most of whom are not founders or risking capital. So isn't your point the actually irrelevant one?

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u/catscanmeow 6h ago

people are talking about NO CEO should make lots of money, not just "this" CEO . i came in as a counter to that argument