I feel like this is bait to get people here to buy into the childish modern socialism that is pushed elsewhere. That being said, I'll set that feeling aside.
Why are CEOs paid the big bucks? It's primarily because of regulatory capture and brand image/identity. The most profitable corporations in present day do not operate based on the products of the labor of their employees. Instead, they derive their power and profits from the attention of their brand adherents (which typically includes a fair amount of their employees). If the profitability of your business is staked on the image of the CEO then you're going to end up paying a shitload of money to the face of the business to maintain their image. Then just continue leveraging slave labor and environmentally destructive business practices in the background because the general public and regulators don't seem to care.
What can we do about that? There are two clear paths that I commonly make arguments for. Equal access to resources that facilitate liquidity in the labor market and anti-trust action (these are not mutually exclusive). Basically, we need to be aiming for a future where an employee that doesn't like the operation of a company they work at has minimal external excuses for not leaving and fixing the problem with their won competitive product.
I feel like this is bait to get people here to buy into the childish modern socialism that is pushed elsewhere. That being said, I'll set that feeling aside.
Why are CEOs paid the big bucks? It's primarily because of regulatory capture and brand image/identity. The most profitable corporations in present day do not operate based on the products of the labor of their employees. Instead, they derive their power and profits from the attention of their brand adherents (which typically includes a fair amount of their employees). If the profitability of your business is staked on the image of the CEO then you're going to end up paying a shitload of money to the face of the business to maintain their image. Then just continue leveraging slave labor and environmentally destructive business practices in the background because the general public and regulators don't seem to care.
What can we do about that? There are two clear paths that I commonly make arguments for. Equal access to resources that facilitate liquidity in the labor market and anti-trust action (these are not mutually exclusive). Basically, we need to be aiming for a future where an employee that doesn't like the operation of a company they work at has minimal external excuses for not leaving and fixing the problem with their won competitive product.