• SCB@lemmy.world
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    1 year ago

    365x the average workers salary divided by 150,000 workers.

    Like the math is written out.

    The company can pay more for sure, but Reich should know enough to look at these publicly traded companies’ cash-on-hand.

    As an example:

    According to Ford’s latest financial reports the company has $42.82 B in cash and cash equivalents.

    CEO pay needs a cap but not because workers are paid less. CEO pay is not that big a drain on these companies’ resources.

      • landlordlover@lemmy.world
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        1 year ago

        Whats the actual worth of a competent CEO? Do you think you can calculate his value after reading two articles and some arbitrary numbers?

        I know I am stupid but not that stupid to think I can judge a persons salary within minutes.

      • Captain Howdy@lemm.ee
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        1 year ago

        I’m honestly not trying to be antagonistic, I think I agree with you for the most part here.

        But how can you have an interpretation of math? Isn’t math objective? Isn’t math the key to all rationalization?I don’t understand how there could be “neofeudalist” or capitalist or communist interpretations of math.

      • SCB@lemmy.world
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        1 year ago

        I didn’t specify that at all?

        Do you understand what cash on hand is?

        • theuberwalrus@lemmy.world
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          1 year ago

          You say the math is written out, and then compare one overpaid person to the number of striking workers. Pretty dumb.

          And you’re the one that doesn’t understand cash or shareholders.

          • SCB@lemmy.world
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            1 year ago

            I do exactly the opposite of that, actually.

            You literally have as much time as you’d like to read and parse that post, and can even ask me questions if the words are too confusing.

            Hint:

            365x the average workers salary divided by 150,000 workers.

            This is suggesting robbing the CEO to pay Paul is not the slam dunk win people (including NIMBY Robert Reich) think it is.

                • theuberwalrus@lemmy.world
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                  1 year ago

                  You’re the one who thinks that the CEO to worker pay ratio is literally only about the CEO. You also think that cash on hand can be freely distributed to workers if that’s what management wants. I’m not the idiot here. You are.

                  • SCB@lemmy.world
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                    1 year ago

                    If you mean something other than CEO to worker pay, perhaps you should articulate that. You still have not made any sense whatsoever.

                    Cash on hand can absolutely be spent in a wide variety of ways, be it M&A, disaster scenarios, or sudden changes to business structure. That’s one of the most significant purposes of cash on hand.

                    Have you ever worked in a senior position at a company? Ever run your own business?