A certain other tech company voted to give its CEO a $56 BILLION pay package--that's 56,000 x $1million. If a Neanderthal was hired at that company 45,000 years ago making stone tools (when that was considered hi-tech!) and getting paid a million dollars a year and they lived until today, they still would not have made as mach as he'll get with that one pay package.

@aaronjjacques

5 күн бұрын

@DustinLaGriza elon pay package was 100% performance based and one of conditions was to 10x the market cap of the company At the time of negotiation tesla stock was short sold by 27%. His very first order was to buy back enough shares to cover his pay and an extra 1%. That one action meant if he succeed his pay package cost the company zero dollars. If he failed they could recapitalized the stock and made more If you want to work for free until you make me 650 billion I would also pay 56 billion.

@DustinLaGriza

4 күн бұрын

@@aaronjjacques Dude shut up--I don't need to hear more elon fanbois bleat. $56 billion is excessive, it is more than the total profit made off of selling all the Teslas, and that's assuming he gets all the credit and not his team of hard working employees. Tesla's rapidly losing it's first-mover advantage and they Cybertruck flop is just the start. He needs the extra stock so he can cash out while maintaining control. I'm unwinding too this year, as is any smart investor.

@aaronjjacques

4 күн бұрын

@DustinLaGriza my god you are dumb. 1. It stock not cash, which means it is deployed capital. 2. The current contracts problems don't change compensation for the past contract that like saying give me your last 5 years of pay because you didn't cure cancer 3. It is risks not hard work. At the time of the contract negotiation, tesla was selling at 15.16 a janitor earning 20k a year borrowing 100k would have bought 6596 shares. Because of stock split during that time those shares would have grown to 98,940. At current market price that 24.884 MILLION. the risk delta is 24.784 million. 4. At the time tesla was over shorted by 27%. People believed it was going to go out of business so a start from scratch offer would be BETTER than the risk delta of tesla at the time. I am not kidding about the open job offer take whatever your current pay is multiple it by 5 borrow that amount and I will match it. I will buy dividend paying stocks with the money. The dividend would be the operating budget. Every dollar of profit would go into buying more of the same shares. If at the end of 5 years the equity was 250 times what we started, I will give you 9%. That is proportional contract to what elon took.

@andreaskarlsson5251

3 күн бұрын

@@aaronjjacques " elon pay package was 100% performance based" No it wasnt lol, tesla is going down the dumpster lately. Lost the grip of the EV market and the stock has lost a lot of its value yet he got the biggest bonus in US history, how is that "performance based"? Sounds like youre just another ignorant fanboy.

Believe me "making deals" does not mean they actually earn that pay level

@andreaskarlsson5251

3 күн бұрын

ikr? Theyre coaching off the employees most of the time.

@WeekiWacheeMax

3 күн бұрын

You not understanding their value is not the same thing as them not earning what they make. The only reason executives get paid so much is because their efforts produce more profits than the cost of their employment. It's the same reason lower-paid workers make what they make. The leaders of those companies likely make so much because they are worth what they are paid. Companies bid against each other for executive services just like they bid against each other for lower-paid workers.

Because they also pay the politicans that make the laws. So to quote a great man: "It's A Big Club... And You Ain't In It!"

@truthache8560

7 күн бұрын

How many CEO’s are posting commercials about “being in these streets?” Way more than celebrities. Right? ☕️

@aaronjjacques

7 күн бұрын

@FritzSchober except you could be and with the employee match at twice the rate as any other investor.

@Missunderstood103

7 күн бұрын

God, I miss George.🙍

@Justthe_facts

7 күн бұрын

No. No, you can't. Quit licking the boots.​@@aaronjjacques

@EvolutionWendy

6 күн бұрын

George. He reminds us this bull-puckey has been rolling on for decades or centuries. USA CONSTITUTION WORKS… until perverted by Rich

When billionaires, CEOs run the Government you get a Corporatocracy.

@GavinCooper05

7 күн бұрын

= democrats

@WildArtistsl

7 күн бұрын

Abd republicans same thing​@@GavinCooper05

When money is the only thing being glorified, everything else suffers...

@rapidsqualor5367

7 күн бұрын

If you want to know what God thinks about money , look at who he gives it to.

*To the people who actually hold the power to change things, this is the entire point.* The economy exists for benefit of the rich, not for us workers on the bottom.

@WeekiWacheeMax

3 күн бұрын

The only reason executives get paid so much is because their efforts produce more profits than the cost of their employment. The leaders of those companies likely make so much because they are worth what they are paid. Companies bid against each other for executive services just like they bid against each other for lower-paid workers. It's the same reason lower-paid workers make what they make.

@BanFamilyVlogging

3 күн бұрын

@@WeekiWacheeMax bootlicker

I hope every last person who reads this comment (over 18) is registered and ready to vote, straight down the ballot.

@annb2045

7 күн бұрын

Vote Blue!

It's not just salary, it's all the other compensation such as stocks etc. Per Investopia the median CEO compensation in 2023 was $29 million, 312 times the median worker pay.

@aaronjjacques

7 күн бұрын

when you had the unearned capital gains from every previous year (double and triple counting) the burger flipper adjusted for years worked and working 4 extra hours a week (vs 22) and investing them thru the employee stock plan (match+ dividend reinvestment+ capital appreciation) would have 3.2 million in macdonalds shares

@Justthe_facts

7 күн бұрын

​@@aaronjjacquesThat is if you're not working paycheck to paycheck. Then you have to consider if the restaurant will give more hours. Quit licking the boots, you also do stupid well, incel.

@seDrakonkill

5 күн бұрын

@@aaronjjacquesCan you restate that? I cant quite understand your point and would like too.

@aaronjjacques

5 күн бұрын

@seDrakonkill take macdonald ceo his 19 million 13 million is unrealized gains from all his previous years stock options 1.3 was current salary .7 was taxable perks like using the corporate jet for his families vacation And the rest is this year's stock options. To get that job he had to go an elite school work his way thru a competitive company (p&g) transfer to macdonalds (work decades just to qualify for the job) If you back dated the career of a burger flipper worked 4 extra hours and invested that extra 4 hours the unrealized gains (after employee match x dividend reinvestment x capital appreciation x stock splits) would equal 3.1+ million in shares.

@WeekiWacheeMax

3 күн бұрын

You not understanding their value is not the same thing as them not earning what they make. The only reason executives get paid so much is because their efforts produce more profits than the cost of their employment. It's the same reason lower-paid workers make what they make. The leaders of those companies likely make so much because they are worth what they are paid. Companies bid against each other for executive services just like they bid against each other for lower-paid workers.

So depressing.

Why you will never get rich working for someone else. You only have to focus on your own money and invest in yourself when you do you win.

Friendly reminder that Reagonomics is still our current system

Vote The Corporate Politicians out of Office in November.

@isac0014

7 күн бұрын

which is 90% of them.

@ebeb516

7 күн бұрын

@@isac0014many in the Biden administration support a wealth tax and more benefits for the middle class .

@GavinCooper05

7 күн бұрын

Good luck with that..

Bezos makes over 6 million PER HOUR

@yeejay6396

7 күн бұрын

He's no longer CEO though. His status as of 2 years ago is Board Partner iirc

@aaronjjacques

7 күн бұрын

how much do you make per hour if you add the value of your house and all your investments to your annual wage?

@liquidsnake6879

7 күн бұрын

And i buy his stuff every other week so that makes sense lol

@Justthe_facts

7 күн бұрын

​@@aaronjjacquesNot what a CEO makes. Their pay is ridiculous, but you like licking the boots.

@aaronjjacques

7 күн бұрын

@Justthe_facts 75% of all business fail in the first 10 years Of those that survive 1 in a hundred go public Of those public companies 1 in 5000 become part of the fortune 500. So you are comparing yourself to the top 0.000005% of CEOs. Well duh seems like an.appropriate response

The median pay package for a CEO is $16.3 million which is approximately $7800 per hour. This is why wealthy people try to get their kids into an ivy league school.

Progressive tax that also includes renumerations other than salary. If a CEO makes a million dollars a year in salary but then gets another 10 million in stock options, there should be a tax on the options when they vest, not when they are sold, when they vest. Preferably, the CEO should be taxed 70 to 80% on anything over that million dollars, including all benefits. Also when doing their taxes, they should be made to report on how many options they have waiting to vest and their value but they should only have to pay taxes on the ones that they have actually vested that year. The company paying out the salary and options should also have to report on those same options so that the taxman can compare. That should reduce any financial shenanigans. Also, there should be a wealth tax that includes stocks. Maybe carve out an exemption for wealth that is productive such that people like farmers aren't taxed for owning large amounts of land and machinery unnecessarily. But any wealth that just passively generates income should be taxed. Just because you're rich shouldn't let you generate money in ways that don't get taxed.

We can all thank ronald regan for that

But it's the people who want avocado on their toast that are the problem. Got it.

@youngswoll3

7 күн бұрын

No Kevin, people like Bezos lived and worked for years out of a garage while making no money and getting rejected for loans continuously. And even when the loan was approved, it was his behind on the line. And now that the company is fully built and running, all of a sudden everyone thinks they are entitled to his money?

The top 10% of earners bore responsibility for 76% of all income taxes paid and the bottom 90% of earners only contributed 24%

@galactick3816

6 күн бұрын

Compare that with the actual amount the top 10% are getting and you will quickly find out they are paying lower %

@oMaJoJ

6 күн бұрын

And they should be paying even more

And they also make you think 'socialism' is a bad word

@liquidsnake6879

7 күн бұрын

It is, it solves nothing, every socialist experiment simply created a new bourgeoise with far more power, you're not getting rid of the rich, you're creating new ones and putting them in control of the army and the police and allowing them to direct it at anyone who speaks against them by accusing you of counter-revolution. China has wealthy people, filthy wealthy, as does Cuba, as does Venezuela etc, they're the ones directly connected to the ruling dictatorship, simple as, the difference is for you to even speak against them online is an unconfortable police visit at 3AM. The main difference is that Americans don't really know poverty like these countries experience it, not even remotely, the crumbs you get under capitalism are king-sized compared to the starvation rations you're allowed under a far more brutal communist rule. Americans are famous for their ridiculous consumerism that is absurdly greater than anywhere else. Wasting thousands of dollars on stock markets that even in Europe people can't afford. Trust me when i tell you, if you think it's bad in America, it can get much MUCH worse.

@nutmegriot209

7 күн бұрын

they own all major media outlets to spread the word. anyone who repeats the ‘socialism is bad’ narrative is either a bot or a fool

Tax stock options, create a federal income tax bracket of 50% for income and taxable benefits over 5 million. 70% on income over $10 million. Limit the deductibility of executive income, raise the federal minimum wage to $30/hour, make employer paid medical insurance compulsory for all employees, (watch corporations demand the nationalization of health insurance), make the matching of social security by employers compulsory and double social security benefits.

Wow. It is sick.

The leaders of those companies likely make so much because they are worth what they are paid. Companies bid against each other for executive services just like they bid against each other for lower-paid workers.

Putin is going to solve it. He has plans to vaporize and flatten everything….😂😂😂😂😂😂

No way CEO’s own a lot of the company and thus technically have more wealth when the company is worth more? 🤯

Notice the question is "certain" Consumer Tech Company. If this was your average corporate scenario, we'd need to take base earnings of the employee to the Salary of the CEO. And on average Corporate CEO makes give or take $100-$600 an hour.

@rapidsqualor5367

7 күн бұрын

83% of stock is owned by 1% of the population.

@youngswoll3

7 күн бұрын

@rapidsqualor5367 Wow, CEOs who own the business own a majority of the shares of the business? Who would’ve thought 🤯

@WeekiWacheeMax

3 күн бұрын

You not understanding their value is not the same thing as them not earning what they make. The only reason executives get paid so much is because their efforts produce more profits than the cost of their employment. It's the same reason lower-paid workers make what they make. The leaders of those companies likely make so much because they are worth what they are paid. Companies bid against each other for executive services just like they bid against each other for lower-paid workers.

No surprises here at all.

Nothing shocking about it.

This was made by communists/ socialists, it would be wise to keep that in perspective.

George C. He reminds us this bull-puckey has been rolling on for centuries. *_++quash the rebellion of the oligarchs++_*

😮😮😮

So what? People are paid to the level of their abilities. Up your game...

I guess that if you are well fed and have a roof over your head then you should count your blessings. You could be homeless.

@rapidsqualor5367

7 күн бұрын

I thought it was against the law to be homeless now ?

@ceg4609

7 күн бұрын

which is now a crime

@rapidsqualor5367

7 күн бұрын

I am grateful for the roof over my head. It's much better than sleeping in my car. Buying just a bit of gas so I can wash in their bathroom and move to the next parking place. Dumpster diving but the worst part, worst of all is not having a address. Try leaving that out of the application and see what kind of job you get.

@Happy-uy5wc

7 күн бұрын

@@rapidsqualor5367 God bless you. But for the grace of God, Elon Musk could be in your shoes.

GOD BLESS TRUMP 2024❤❤❤❤❤❤❤VOTE TRUMP❤❤❤❤❤❤❤

This is one of those “You can make statistics say anything” situations. Instead, think of it like the lottery. Does someone *deserve* millions because they got a random set of numbers on a $2 ticket? How about if they had to spend $100k getting an MBA or spend 20 years working at the convenience store just to BUY a ticket with just slightly better odds?

Oh no... Oh no... Oh no, no, no, no, no... 😢

CEO pay has risen unreasonably compared to everyone else, but you're missing the real probably by such an outlandish margin. The most well compensated CEO - Tim Cook - takes home less than 1% of Apple's profits. The vast, vast, vast majority of Apple's profit is kept by the investors, and most of that is held by a handful of the wealthiest, billionaire investors through holding companies. You're blaming the wealth gap on compensatory pay, when the wealth gap is not and never has been driven by compensation of any kind. It's been driven by a debt-based investment system that is designed to make sure the richest investors get richer, while everyone else can only get a slice of the pay if they make the rich even richer. And I already know that someone is going to misinterpret this as supporting CEO's making outlandishly more than the workers at a company. I'm not. I am saying that being concerned about CEO compensation compared to billionaire-investor take of the profits is the equivalent of being concerned about an unattended candle in the middle of a house fire.

@WeekiWacheeMax

3 күн бұрын

You not understanding their value is not the same thing as them not earning what they make. The only reason executives get paid so much is because their efforts produce more profits than the cost of their employment. It's the same reason lower-paid workers make what they make. The leaders of those companies likely make so much because they are worth what they are paid. Companies bid against each other for executive services just like they bid against each other for lower-paid workers.