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Here Are All the Game Industry CEOs Who Took a Pay Cut to Prevent Layoffs (hard-drive.net)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 8 months ago* (last edited 8 months ago) (1 children)

The understanding of CEO pay is childish around here. Back on reddit I ran the math on American Airlines for giggles. If the CEO took $0 pay, every employee could enjoy a .03 raise.

Are they overcompensated? My instinct says hell yes. But the math almost always shows that it's a drop in the bucket. And my "gut feeling" means nothing when the market says, "We think he's worth $X million a year." Fuck my feelings. If that's what the company wants to pay, that's their prerogative.

It's funny how we used to bitch about sports stars making mad bank, and somehow, we just all forgot to complain. Also, when the billionaire pitchforks come out, I've never once seen Taylor Swift's name come up. Huh.

Lemmy likes to pretend that CEOs do nothing because their vast experience tells them that McDonald's is far harder work. The CEO can make or break the whole company. Company values and culture flows down from the CEO. How many times have we seen a foolish CEO cost a company 10's of millions?

[–] [email protected] 1 points 8 months ago

How many times have we seen a foolish CEO cost a company 10's of millions?

And how many times have we seen them still get golden parachutes and continue to be successful in life?

They aren't the problem, but they're a symptom. It makes sense that people are angry towards them.