Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
I think a shorter list would be companies that haven't done this.
Starbucks literal,y just increased the CEO pay by something like 90milkion and laid off over a thousand workers.
Don't quote the figures it's from memory but I read about it just yesterday somwhere so well worth a look !
In my wife's company they fired the execs and didn't increase the pay for the workers. Instead the capitalists are keeping the saved money to themselves.
In the end the CEOs are also just workers with a extremely high salary but a salary nevertheless. The capitalists are the owners of the company and they extract as much money from the workers as possible. But yeah to be fair the CEOs are the ones helping them to do that.
Owners and investors benefit the most from taking advantage of their employees, but upper level management in large corporations tend to be significantly overpaid and incentivized to screw the people underneath them.
I would have a bit more sympathy towards CEO if they both weren't paid 10x the salary of the lowest paid employees and given bonuses tied to company growth and profit.
Virtually all of them
is anything that is a "corporation" a valid answer? that's pretty par for the course sadly. Once you hit public trade usually is when it happens
I don't have sources but as it was so recent, it's easily searchable. But meta slashed their workforce recently and gave their execs huge bonuses for it.
Might be easiest just to look up which ones aren't publicly traded on the stock market - which are the only ones that might not be doing that crap.