CEOs’ pay climbed before layoffs at tech giants like Alphabet and Microsoft

Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by Nifty3929 on Saturday August 05, 2023 @08:12PM (#37017581)

I imagine the shareholders and board members that approve these pay packages are rational, self-motivated actors who believe that doing so is in their best interest.

Also, keep in mind that the terms are determined well in advance if these payouts, and tied to stock price or performance. So if the stock does well the amount can be very high, or if the stock does poorly then it can be (relatively) much lower.

And since layoffs hopefully mean that society is getting equivalent output (ads, I guess?) with correspondingly less input (labor), it’s not a sign of weakness or mistake when they are implemented.

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Re:CEOs’ pay climbed before layoffs at tech giants like Alph... by ralph84 on Saturday August 05, 2023 @08:46PM (#37017786)

The shareholders have all delegated their voting rights to money managers who don’t care as long as they keep getting a percentage of assets under management and the board members are all obscenely paid executives at other companies who don’t care as long they keep the executive pay cartel going.

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