Steve Ballmer is set to make $1 billion a year for doing nothing | CNN Business
Steve Ballmer is set to make $1 billion a year for doing nothing | CNN Business
For most people, passive income is a bit of extra pocket change that requires minimal effort to earn to supplement a main source of income. For Steve Ballmer, it’s $1 billion.
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I mean, that is how capitalism works. This is as true for any owner as it is for Balmer.
Doesn't make it right. And we should highlight each and everyone by name. Don't let them get away with hiding behind anonymization such as "shareholder", "owner", or "CEO".
Fine, but what do you do about it? Under the current system he’s equally entitled to receive $1 billion from his ownership as any other owner is receiving $1, he just got lucky getting his because his company just so happened to become one of the biggest in the world.
I disagree with fatalism. Under the system of feudalism the lord had similar rights. America & France changed that in capitalist revolutions. Change is one of the only things we can say is inevitable. It takes time, determined people, and usually a catalyst event (such as rampant hunger and homelessness).
I would suggest reading "Capitalist Realism" by Sam Fisher for a good understanding that we have been led to believe that this system is the only real one, but it really isn't. And it won't be. We need to keep that in mind if we want to make a change.