Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

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unnecessary expense (lemmy.blahaj.zone)

submitted 2 days ago by [email protected] to c/[email protected]

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[+] [email protected] -30 points 2 days ago (22 children)

I'll say it again, CEO pay ain't the problem. Did the math once for American Airlines, then McDonald's just lately. If the CEO took $0 pay, and that was spread among total employees, it amounts to chicken change.

Hell, let's take aim at Microsoft, why not.

In fiscal year 2024, Microsoft CEO Satya Nadella's total compensation was $79.1 million. This represents a 63% increase compared to his prior year's compensation of $48.5 million.

And most of that was stock, not cash.

The increase is primarily due to a significant rise in the value of his stock awards, which accounted for the majority of his compensation.

They have 228,000 employees. Spread that around and it amounts to a $347 yearly bonus. (Or, $.17/hr. if you like.) If I worked at M$, I'd be fucking insulted if that was my Christmas Bonus. Hell, my last job was at a tiny software dev and we all got 10x that much, sometimes more.

[–] ImplyingImplications 45 points 2 days ago (7 children)

Now add in the CFO, CTO, COO, CIO, board members, and major shareholders.

[–] [email protected] 30 points 2 days ago (4 children)

No you see, we have to fix wealth inequality without effecting the personal wealth of the rich.

[–] [email protected] -2 points 2 days ago (1 children)

income inequality*

[–] [email protected] 3 points 2 days ago* (last edited 2 days ago) (1 children)

Wealth inequality is the main goal to be honest. A high median net wealth so that people stop being poor in opportunity.

Belgium has 256k USD median net wealth and Germany has it at 66k USD.

Both countries have low income inequality (Belgium 0,26 and Germany 0,29 gini).

Which country would you choose to migrate to in order to increase your family's net worth?

If you're wealthy already then perhaps Germany. If you're poor then probably Belgium.

Don't get us wrong though, we do this mainly because we have an aging population and are in need of quite some immigrants that can be activated in the labour market.

[–] [email protected] 1 points 2 days ago (1 children)

I agree, just wanted to point out there is a meaningful difference between those two problems their solutions.

Though the last part of your comment confuses me, do you mean we Belgium or we Germany? And you write do this, but I'm not sure what this refers to.