this post was submitted on 14 Sep 2023
513 points (98.5% liked)

Work Reform

10032 readers
421 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
 

"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"

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 1 year 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/