Re:Microsoft will include pay ranges in all U.S. job postings
by throwaway09223 on Friday June 10, 2022 @02:35PM
(#31697799)
Activision-Blizzard's board get 350k. If they earned $0 instead, this would only give each employee an extra $35 per year. That's including their stock compensation.
As you say, most goes to investors. Which makes sense as they actually own the company.
Re:Microsoft will include pay ranges in all U.S. job postings
by jeromegv on Friday June 10, 2022 @03:23PM
(#31698373)
OP was talking about executives (CEO, VPs), not board.
Re:Microsoft will include pay ranges in all U.S. job postings
by throwaway09223 on Friday June 10, 2022 @03:30PM
(#31698449)
I am OP's OP and I was talking about the board.
Re:Microsoft will include pay ranges in all U.S. job postings
by TulliusCicero on Friday June 10, 2022 @04:05PM
(#31698816)
> board salary go down a bit
Re:Microsoft will include pay ranges in all U.S. job postings
by TulliusCicero on Friday June 10, 2022 @02:32PM
(#31697760)
The comment referred to specifically said "board salaries", not executive pay more broadly.
Looking at some other companies, Activision-Blizzard's CEO alone makes enough to pay every employee a $15,000 bonus. Reed Hastings at Netflix makes enough to pay every employee $3800. And that's not counting any of the rest of the executive staff, or all the other ways money flows out of a company to non-employees, like dividends and stock buybacks.
https://www.equilar.com/reports/83-equilar-associated-press-...
I think there's certainly a lot of room for wages to go up, though i'm skeptical that it will come at the expense of things like executive pay or share buybacks.