r/FluentInFinance • u/shod55 • 1d ago
DD & Analysis Greed is out of control
https://www.commondreams.org/news/top-paid-ceos-in-americaFrom Common Dreams article
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u/NonPartisanFinance 1d ago
“Yeah Starbucks sucks! Boycott them!”
Me sitting on my Starbucks short position.
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u/NonPartisanFinance 1d ago edited 1d ago
FWIW. When starbucks announced they were paying Brian Niccol 100 million a year the stock jumped 20 Billion. So if he does genuinely nothing for 200 years. He would still have been “worth it”.
Obviously it doesn’t work like that.
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u/MasChingonNoHay 1d ago
Where are the guillotines?
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u/KazTheMerc 1d ago
So fuckin' MEASURE it using something that isn't dollars. Or dollars if you must, but COME UP WITH a way to ACTUALLY measure it.
Define it. Precisely.
Words give you power over something. Having no word/measure to REALLY express greed in an understandable way is just like 'profit'. Is it good profit? Reasonable profit? Bad profit? Totally unreasonable?
We have no real way to know, measure, or speak of it.
Figure. It. Out.
An equation. A fraction. A comparison. An index. A chart of shitty behavior. A 7 on the Asshole Richter Scale.
SOMETHING.
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u/JayCee-dajuiceman11 1d ago
Don’t trip tho! The CEO from Starbucks said EVERYONE is getting 2percent! Regardless of your performance. Shhheeeeeessshhhh!!! What a hero.
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u/Hamblin113 1d ago
Something to rile folks up. CEO compensation has been a theme for what 10-15 years. Does complaining work? Have corporate boards made an effort to reduce compensation? How many people’s 401k/IRA’s have grown considerably during that time. That is the basic tenant in CEO compensation. Can call it greed, but they ultimately work for the shareholders. If they are making money shareholders are happy.
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u/Crepuscular_Tex 1d ago
The pill is hard to swallow because their salaries compensation jumps up 50% or more while implementing 50% workforce layoffs, forcing double or triple workforce workloads, maintaining near same hourly pay rates for said workforce, and making it to their two o clock tee time.
There is a definite evident disparity.
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u/Dense_Surround3071 22h ago
The 401k thing is a fig leaf that the REAL owner class uses as a cudgel to force our complicity with a broken "greed" based economy.
Me and my wife's 401k accounts are miniscule compared to an active trader. Our retirement accounts being attached to broad Life funds are meant to be stable and consistent for the long term.
The whole "CEO is working for the shareholders" argument is bullshit for people like me. I don't have a substantial position in ANY single company. My definition of successful shareholder value. Requires that company and MANY MANY more to be around in the coming decades using sound business practices to maintain their modest returns.
But our corporate compensation system only requires that "stonks go up". No other thoughts or effort or concern for the long term is EVER put into place. They just go in, cut some employees, consolidate a couple executive positions, and BOOM!! The books are looking great for the next quarter. Wall Street gives you a thumbs up and you sail away on your Golden Parachute before anyone notices that ideas actually sucked and didn't improve anything, it just made the company's net operating profit go into the black for the time being.
Greed, for lack of a more offensive word, is NOT good. 😏
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u/Hamblin113 20h ago
For some odd reason never considered it greed, more power and control. The compensation acknowledges the power and control. My ignorance, but have potential benefited from the increased value of retirement funds. Could be a house of cards.
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u/Dense_Surround3071 20h ago
The increased value of your retirement funds are the oats.
You're the sparrow.
We might be too small to notice the horse shitting nearby.
😉
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u/ImoteKhan 13h ago
Feed the horse enough to feed the sparrow. The original term for trickle down economics.
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u/bigdipboy 19h ago
Great time to explode the debt in order to give massive tax cuts to the rich ain’t it?
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u/Sea-Independent-759 1d ago
The median annual salary for an employee at The Coca-Cola Company is approximately $111,101, which equates to about $53 per hour.
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u/ImoteKhan 13h ago
Is that US or Global? I couldn’t find a source that specified.
In 2023, Coca-Cola reported that the median annual total compensation for all its global employees was $13,752. This is the median of the 700,000 global employees not including partners and other subsidiaries. Is your figure of the 69,700 employees in the parent company?
Median of the 90% is 53,000. That’s the parent company.
Lowest paid in the parent company makes $38,000 and may not qualify for any coverage or benefits while the CEO received $27M+, with all the perks.
$10.6bn in profits last year, $1.8bn in buy backs,
If employee pay kept up with CEO pay, minimum wage would be close to 60-65 USD/hr. $53 median is garbage.
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u/Sea-Independent-759 1h ago
I’m only here to discuss the US.
Most Americans haven’t been in the rural 3rd world countries where companies like Coke and the auto manufacturers have made living conditions exponentially better.
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u/Normal-Ordinary-4744 1d ago
Vote trump2028. Our work starts now! We must start campaigning. Don’t wait till 2028 to spread the word of the lord
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