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submitted 9 months ago by eee@lemm.ee to c/workreform@lemmy.world

"average top CEO compensation was $15.6 million in 2021, up 9.8% since 2020. In 2021, the ratio of CEO-to-typical-worker compensation was 399-to-1 under the realized measure of CEO pay; that is up from 366-to-1 in 2020 and a big increase from 20-to-1 in 1965 and 59-to-1 in 1989"

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[-] onlyfandom@lemmynsfw.com 0 points 9 months ago

In the US there's a legal obligation to the shareholders, it's not just as simple as a sick owner culture trumpeting platitudes. To fix this problem we need to address both the culture and the legal frameworks: https://corpgov.law.harvard.edu/2019/02/11/towards-accountable-capitalism-remaking-corporate-law-through-stakeholder-governance/

this post was submitted on 14 Sep 2023
511 points (98.3% liked)

Work Reform

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