"Obviously, CEOs should be the highest-paid person in an enterprise"
Hold on there chap! How is this obvious?
Hold on there chap! How is this obvious?
Looks like only one NBA GMs is paid over $10M.
If the CEO go on strike and don't come to work for a month, how many cars will not be built, and how money will the company lose?
If the union factory workers go on strike and don't come to work for a month, how many cars will not be built, and how much money will the company lose?
Therefore, who is actually more important to the earnings and success of the company?
To keep the equation in check, surely they need to increase at the same rate
Alternatively, if assembly workers were difficult to effectively replace, they would get paid more. Simply doing some unit of work neither makes that unit of work valuable, nor does it make the person doing it valuable.
That is a very sad way to look at human life, and I hope these strikes now and into the future prove that not to be true.
In any case, yes, if someone wants to smash rocks with a hammer, manually, all day, their work would not be valuable to a company building cars, which is what the parent means. Simply doing some sort of "work" for work's sake has no value if that work is not useful.
Has it? Sources indicate that the CEO of Ford's salary has remained quite steady at $1.7 million.
Perhaps you are confusing salary with total compensation?
The CEO gets paid millions of dollars.
Now, total compensation is quite variable as it is largely dependent on stock price. While a good CEO theoretically can compel the price of stock higher by building a better business, realistically it is outside of control of the company.
Put differently: 336 workers’ per annum amounts to the pay the CEO gets. There are three CEOs in this case so that’s about 1,000 workers to equal their pay.
If I recall correctly there are about 12,000 workers striking, so their cumulative salary is about 12x that of the cumulative CEOs.
I don’t know why, but that doesn’t feel “way higher” to me. I guess I just expected something along the lines of 100x for some reason.
Also makes me wonder how this scales when you look at C-Suite as a whole v. workers.
0: https://fortune.com/2023/09/17/uaw-strike-highlights-carmake...
Obviously large corporation will be more robust, and have things like attorney of power that - so that there's no single point of failure. But, these things happen.
https://www.theverge.com/2015/10/8/9481651/volkswagen-congre...
I can imagine a bunch of roles that are more costly to replace than "someone with accountability".
So much for that whole capitalism thing.