Blah-blah-blah, both parties beholden to the special interests who line their pockets and give them their talking points. This deep corruption points to spend, spend, spend!
total nonsense. Every CEO is selected and answers to the board. And the board answers to the shareholder/ majority shareholder(s) They are hired and fired no different than any other person that negotiates and agrees on the terms of their employment via contract.
Do you need a breakdown of management vs workers too? Every athlete and actor works for a CEO who can fire them, a CEO might lose their job, but it wont be an athlete, actor or laborer letting them go.
got it. Ceo makes 50,000,000 and an admin at company makes 40,000 and that is example of growing pay gap. Athlete making 50,000,000 for Kansas City chiefs while admin at Kansas city chiefs is paid $40,000 is ok…..makes sense
The admin and the athlete are negotiating with the same people for their pay, guess the CEO & management values their labor differently, maybe you should blame them right? They are the ones hiring labor after all. But I'm guessing management will point to the market, which as we can see is not rational at all as you have demonstrated. Would anyone argue that an athlete is correctly valued compared to a teacher in terms of utility or contributions to society? The athlete making that much is an outlier, even among professional athletes across all sports. Minor league baseball players make below minimum wage!
Owners value CEOs more than employees. It’s economics. If labor was organized this gap wouldn’t exist as much but that’s been decimated. A CEO can’t run a company by themselves so either workers Union up or complain.
CEOs and admin and athletes are negotiating with the same people. The owner or owners. Whether the owner is any number of shareholders or a single owner as most sports teams are organized. Each entity whether it’s the BoD or CEO or middle manager is exercising authority granted to them by the owner(s) via the structure of the organization. That’s how organizations works. The shareholder elects the BoD, the BoD selects the CEO, the CEO then hires and structures the organization below him based on whatever strategy he presented to the board. But make no mistake any and all Authority is passed down from owners. The whole management Vs labor is an emotional argument. As far as teachers it’s not much different. Instead of shareholders they answer to constituents. Those constituents vote for city and county officials. Those city and county officials draft legislation or enter contracts to pay teachers. You can argue for or against higher teacher pay, but that argument is whether the local constituents want to raise Their taxes and pay their Teachers more. If the local constituents would rather get taxes and build a new $2b stadium for their local team Vs paying their teachers more that’s up to them. But meh on the outrage about a ceo pay vs worker but hypothetical silence when some athlete makes 20,000,000 while the worker at the stadium makes 40,000
So be mad at owners instead of CEOs? I think in sports people definitely are, people complain way more about the owners than the flacks they hire to run the business side of a team. A lot of people probably dont even know who the CEO is of their favorite team. Anyways, I think you are making too much of this, because one of the reasons people dont complain as much about athletes or actors is that they do things people like, CEOs are essentially useless vultures concerned with shareholder value and do shitty things like layoff people to increase that, but even then lots of high-earning CEOs are valorized as much as celebrities like Steve Jobs or Elon.
useless vultures concerned with shareholder value ?? Umm, that’s their fiduciary and legal obligation. If that’s your issue then make your argument to the legislators. second. I didn’t say don’t make The argument about ceo Vs worker…. I just mean be honest enough to be consistent and at least pretend to Be upset when an athlete’s or actors new $100,000,000 contract is announced the same Day they lay off the beer guy because they automated the concessions in the East end zone, left field beer house Or movie theatre. But we both known that will never happen because the Goal is not about pay equity…. It’s about stirring up emotions to get someone to vote. as you said that won’t happen with athletes and actors because people like them. So if they can’t manufacture a grievance and get people to vote they conveniently ignore it
You haven’t a clue. Math is math. Opportunity costs should always be considered when deciding on whether to attend college.
WTF? Did you really just say that? If a CEO reports to no one, that means he owns the company, otherwise he is an employee just like everyone else. In that case, the CEO reports to the board of directors, who are elected by the shareholders.
Ok, I think you are kind of inventing a person to get mad about. I think some athletes are paid outrageous money, (but the majority of pro-athletes across all sports make closer to what middle class people make than the top players in the most popular sports) but its more upsetting to me that the owners layoff staff when they are raking in millions themselves, all because of this "fiduciary" obligation, just as it pisses me off when Ron DeSantis signs legislation that exempts minor league baseball owners from paying minimum wage.
Right. Sports franchise owners are some of the richest SOBs in the world. If they were overpaying players, they wouldn't be rich, they'd be bankrupt. But at the end of the day, a guy is getting paid $40 million a year to dribble a basketball. He has a skill very few have and therefore the free market has determined that is his annual value....and the owners still make more.
how do feel about your best friend Dick that you grew up with who studied hard, did well in school and at the age of 29 mortgaged everything he owned to open a hot dog stand, and through very long hours and lots of hard work grew his hot dog stand into an sausage empire and sold the whole thing for a billion dollars. Is that unfair? Does that make you angry? His employees only make $15/hr.
