Robert ReichCEO pay is out of control. Just look at Amazon.
The company’s chief executive made $212.7 million in compensation in 2021 while the typical worker received $32,855.
That's a ratio of 6,474 to 1.
This is what I mean when I say the system is rigged.
Learn more about the atrocious CEO-to-worker pay gap by reading @AsYouSow’s latest report.
https://www.asyousow.org/reports/the-100-most-overpaid-ceos-2023
ex or current IDF unwelcome
Grumble
🌊 Jumpsuits For Trumpsuits 🌊@rbreich Lifeprotip: If your package is late, and you complain to amazon via chat, customer support will give you a $5 gift card. If we all do our part and Karen up when a package is late, we can redistribute some of that obscene wealth.
Sane Thinker@rbreich So short of a revolution, how do we solve this, Robert? Clearly, voting is not working.
LCF@gdeihl @rbreich become shareholders. Then become shareholder activists. See the work of Jim McRitchie. http://theshareholderactivist.com/james-mcritchie/ To change something oftentimes you need to do something.
James McRitchie
James McRitchie CorpGov.net Since 1995, Mr. McRitchie has published one of the Internet's most comprehensive sites on the subject of corporate governance. The site has resulted in dialog and cooperative initiatives with pension funds, corporate directors, labor leaders, proxy advisors, money
Vagan Floss@rbreich the CEO hasn't accepted the offer so that his children will starve
Rob Honeycutt@rbreich The worst part is there is no moral hazard involved for these guys. They win whether or not the company, shareholders, or employees do.
William Robison@rbreich at 212.7 million a year I would work for one year and retire. I would not even need the crazy generous pension plan that he'll get.
Quacker@rbreich No one is worth that amount of compensation. I’d love to know how much taxes he paid and his tax rate.
Jason Petersen (he)@rbreich what does typical mean here? This needs specificity to be parsed.
WndlB@rbreich While the stock went from 168 to 84. 🤔
SFborn1940@rbreich And it is getting worse. This is by design. Don't look to Congress for any help. It is paid off by special interests..
jag@rbreich You don't have to be disingenuous to make your point. He's brand new. He got a one time award of 61k shares vesting over the next 10 years, most after five years of service. His salary is $175k/yr.
Executives at public co.'s are obligated to hold stock during their tenure to ensure they have the same skin in the game as investors do.
You know this. Your point about CEO compensation vs workers is a good one and worth making. But you're intentionally misrepresenting and you know better.
cowvin@rbreich This is a huge problem. Executives are not doing the work of 6000+ people. They don't deserve that much more pay.
Dallas 
@rbreich so what you're saying is you're wondering how much Matt Hicks gets paid.
Alan T Perry 🇨🇦@rbreich
"Captains of industry"? or Pirate Captains of industry?
"Captains of industry"? or Pirate Captains of industry?
Ms AB ☕
Lee 🌏That's a number 6474!
The average worker would need for 6474 years to earn the same as the CEO does in one year.
Sam Mercer@rbreich nothing will change
EmoluMentaLass@rbreich Greed is evil. $1 million per year is way more than any one person could ever need.
David Mitchell 
For anyone who has trouble processing those figures, 6,474:1 means:
The typical worker would literally need to have worked from the dawn of Genesis to today to earn the equivalent of that CEO’s one year.
If the CEO’s salary is a pile to the peak of Mount Everest, then typical worker’s is a 4 foot sand castle on the beach.
If they both left the Empire State building at the same time, the CEO would reach Moscow before the typical worker reached the East River.