CEO pay has skyrocketed 1,460% since 1978: CEOs were paid 399 times as much as a typical worker in 2021
CEO pay has skyrocketed 1,460% since 1978: CEOs were paid 399 times as much as a typical worker in 2021
What this report finds: Corporate boards running America’s largest public firms are giving top executives outsize compensation packages that have grown much faster than the stock market and the pay of typical workers, college graduates, and even the top 0.1%. In 2021, we project that a CEO at one of...
It's just game theory in action.
People with morals, principles, integrity, honor and/or empathy will exercise self-restraint - there are choices they will not make and courses of action they will not follow.
Those without those qualities will not be so constrained. They can and will do absolutely whatever it takes to gain whatever they might want.
So all other things being more or less equal, psychopaths actually have a competitive advantage in systems of institutionalized, hierarchical authority - governments, corporations, police departments, armed forces and so on. For all intents and purposes, those institutions reward and thus select for psychopathy.
It's sort of akin to the way that cancer spreads through an individual by outcompeting, dominating, displacing and destroying healthy cells.
And it's just as ultimately fatal, and for essentially the same reasons.
And it's why the collective should be fighting against this trend. But in recent times billionaires came to be revered more than anything. It's changing course a bit now again, but billionaires, and people in power in general, are still being defended way more than is reasonable.
Society treats being in power and being powerful as success and something to aspire to, and we can see where that leads.
This should be illegal.
It's ok, I'm sure they're working 400% harder than us /s
It's even sillier than that - 5x as much is 400% more. 399x as much is 39800% more.
You're right, I mixed it up in my comment, it's obviously time for bed for me
400% per job. Some of them, Elon Musk being the easiest example, are the CEO of multiple companies. If he's giving 400% more effort at each job then he's gotta be working like 2000% harder than us.
WE KNOW.
what I really want to know, though, is when's the riot? I'll get a pitchfork. I'm ready. Let's go.
They create the jerbs! They make comp'nees grow! They work'd hard to git ther! Their work is supuurrh impuurrh'tant!
Every filthy stinking rich person I've known sacrificed their wife, kids, and friends to be so wealthy. Honestly, they can have it.
And their morals, ethics, humanity, etc.
Something should happen to those CEOs.
Something.