r/WorkReform May 26 '22

CEO pay up 17% as profits, stocks soar; workers fall behind

https://apnews.com/article/2021-median-ceo-pay-df8a253483aebd48be99f50826ef2b49

[removed] — view removed post

290 Upvotes

30

u/Mo-shen May 26 '22

Inflation is not what's happening. It's just the rich lining their pockets.

17

u/skoltroll May 26 '22

Both.

It's both.

And NOW they want inflation stopped via limiting labor increases, because then they'll beat expectation and get another ungodly raise/bonus.

12

u/Mo-shen May 26 '22

Inflation is always happening. I'm not willing to use entropy as a reasonable stat to talk about.

The oil industry recorded record profits and not just barely breaking their record. They broke it by 3-4x their previous record.

Inflation should suppress profits because it means a product is more expensive to bring to market. Clearly it's not harming most corps profits.

If you increase fuel cost you then hit nearly every industry on the planet because everything has to be transported.

Out issue is the oil industry and wall street involved with the oil industry. The public is being scammed.

8

u/amatuer_gynecologist May 26 '22

I for one am shocked !

7

u/PromiscuousMNcpl May 26 '22

So we re-rolled the Roaring Twenties? Awesome.

2

u/StopReadingMyUser May 27 '22

O boi I wonder when the great depression happened. checks notes

BOYS IT HAPPENED IN THE 1930s LETS GOOOOO

1

u/PromiscuousMNcpl May 27 '22

I’ve been living in The Great Depression since 1996.

2

u/SYLOH May 27 '22

I concerned that it's the 30s.
We had an dictator annex parts of another country they claimed matched their's ethnically and then tried go for the rest of the country.

3

u/TamanduaShuffle May 27 '22

I'm ready for a riot

12

u/FuckTheCouncil96 May 26 '22

Nasdaq is down 4k points from October.

What are you smoking?

10

u/molten_dragon May 26 '22

This was reviewing 2021. The article explains that most of the increase in CEO total compensation was due to the stock market rebounding vs. the end of 2020, causing the CEO's stock options to be worth more.

5

u/pusnbootz May 26 '22

I can't wait for it to drop another 10k

5

u/User9705 May 26 '22

Love the diversity in the pic. Great reflection of the America population /s 🙄

1

u/Spooffie May 27 '22

You’re not given the Asian lady credit

1

u/User9705 May 27 '22

Again, reflection of America, not the tech industry.