Companies should hire a CEO Executive Officer to decide that
this post was submitted on 13 Jan 2022
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Hi. I'm the new CEO. Here to determine the pay of CEOs
So what will it be?
I'd say no more than 5x the salary of the lowest paid employee in the country in which they live.
Sure no problem!
(Makes 150M/yr in stock)
Why not lowest revenue of anyone in the country ? It would create an incentive to really create jobs and care about poverty ! If we need CEOs at all...
Or we could push it tan internatinnal rule too. If the question is about ethics and not concrete reachable political goals.
Switzerland voted on a 12x initiative a few years ago: https://www.businessinsider.com/switzerlands-112-initiative-why-executives-are-worried-2013-11
Unfortunately it got rejected after big companies threatened to fire their employees and leave Switzerland if this was accepted, that this would destroy the economy, and so on...
Others disagree. According to World Radio Switzerland, Novartis, Nestle, Bobst, and SBB sent thousands of employees letters asking them to vote no to the 1:12 initiative, arguing that it would make Switzerland a less desirable place to do business. Earlier this year the CEO of commodities giant GlencoreXstrata said the company would consider leaving Switzerland if the law passed. βI canβt believe that Switzerland would cause such great harm to its economy,β Ivan Glasenberg said in an interview with the SonntagsZeitung. βAnd I say that not just as the head of a company, but as a Swiss citizen.β
"not just as the head of a company but as a rich dude with a β¬400k/Yr cocaine habit that I can't afford to support if this law passes"
All of these companies would still be able to make loads of profit in Switzerland even if this law passed, seems like a game of corporate chicken and the Swiss general public blinked first
So the company just hires people through an agency instead, so they can keep the current salaries?
Ideally, the same as any other worker. And that pay should be enough to cover, you know, living and supporting a family.
Voted for by the workers.
two-thirds vote by employees?
2/3 voting is tyranical. It results in minority rule when a 2/3 agreement can't be reached.
Oh ok, how about ranked choice then?
Ranked choice is good
its settled then
A CEO is a title directly associated with the corporate structure. Corporations are pure capitalist entities designed to be the most optimal way for a company to serve investor interests. Ideally, a CEO should not exist for this reason, as investors shouldn't either.
CEOs should be paid in exclusively in ligma.
ceos shouldnt exist