Re:San Francisco will put ‘CEO tax’ on the ballot this November
by ergocoder on Saturday August 15, 2020 @03:13PM
(#24171436)
You are a CEO of your house.
You bought a house for $100k in SF in 2000.
You hire a maid to clean it every week. The maid basically upkeep your asset.
It's 2020 now. You sold the house for $2m.
Should you pay your maid much more since your didn't do much and you earned profit?
Should you give equity to your maid?
Re:San Francisco will put ‘CEO tax’ on the ballot this November
by tluyben2 on Monday August 17, 2020 @03:39AM
(#24184927)
Yes. And I would (and do).
Re:San Francisco will put ‘CEO tax’ on the ballot this November
by tluyben2 on Saturday August 15, 2020 @06:47AM
(#24167896)
I can only speak from where I live and have lived, but low-level, well actually all employees outside the people with significant shareholding, when they get fired, get 75% of their last earnings for 2 months and after that 70% from the state. The company has to pay a part of that IF they can.
What risks do they or should they take to deserve higher salaries?
These people typically have golden parachutes from which they'll make out rather well if the company does poorly, and they typically have no problem finding other jobs should they get fired.
That's not the case for low-level employees, for whom losing a job can be absolutely catastrophic. Low-level employees are the ones who typically live paycheck to paycheck and risk everything every day they go to work, for should they fail to perform they and their families may go hungry, and may struggle for a long time to find another job, especially in this economy.
On the other hand, many CEOs don't need to work another day in their life, so getting fired from their job would actually have absolutely no impact on them whatsoever.