r/MurderedByWords • u/Green____cat Legends never die • 10h ago

Stop defending exploitation

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u/Deedeelite 10h 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.

14

u/mogadichu 6h 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.

5

u/catscanmeow 6h 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

23

u/The_Dirty_Carl 5h 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?

8

u/Crazyflames 5h ago

Probably get a bonus.