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A comment on Striking auto workers want a 40% pay increase–the same rate their CEOs’ pay grew. Parent comment

Re:Striking auto workers want a 40% pay increase–the same ra... by WalterBright on Monday September 18, 2023 @07:57PM (#37563906)
> but in general the CEO doesn’t really do much to the stock price

Steve Jobs, Bill Gates, Elon Musk, Satya Nadella, etc.

> ceo pay is based on the economic cycle rather than how the company does

You can always start your own corporation, name yourself CEO (all you gotta do is file some paperwork and pay an annual fee) and rake in the dough for doing nothing!!

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Re:Striking auto workers want a 40% pay increase–the same ra... by Per_Bothner on Monday September 18, 2023 @08:21PM (#37564134)
That is true. Elon Musk has greatly affected the stock price of the Company Formerly Known as Twitter.
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Re:Striking auto workers want a 40% pay increase–the same ra... by WalterBright on Monday September 18, 2023 @09:25PM (#37564619)
Since Musk took it private, the stock price is not known.
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Re:Striking auto workers want a 40% pay increase–the same ra... by astrange on Tuesday September 19, 2023 @02:12PM (#37573882)
It has public shareholders like Fidelity, so they do report what they value it at. I don't remember what it is, but it's at least 1/3 marked down.
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Re:Striking auto workers want a 40% pay increase–the same ra... by ipaddr on Monday September 18, 2023 @08:47PM (#37564339)
Those are founders but this is an external hire at a later stage not really the same.
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Re:Striking auto workers want a 40% pay increase–the same ra... by astrange on Monday September 18, 2023 @10:28PM (#37564974)
The story I linked is actually a cofounder.
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Re:Striking auto workers want a 40% pay increase–the same ra... by ummonk on Monday September 18, 2023 @09:02PM (#37564443)
Nobody is complaining about founder pay. The complaint is about publicly traded companies being subjected to elite capture by parasitical execs.
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Re:Striking auto workers want a 40% pay increase–the same ra... by WalterBright on Monday September 18, 2023 @09:25PM (#37564617)
Satya Nadella is not a founder. But during his tenure the value of MSFT went up by 10x. I'd say he's well worth his compensation.
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