The CEO of Docusign, a company that JUST signs documents for you, made $85,940,000 this year," wrote another person, whose post garnered over 22,000 likes.
That just shows how grossly overpaid other executives are. The problem isn’t that Wikipedia execs aren’t paid enough, it’s that other executives are paid way too much.
I stand by my opinion that CEO pay should be pegged to the “lowest” employee on the totem pole, everyone should ride the wave and spread out the earnings. Its just gross how it currently is.
Perhaps. Depends on the company, but I’m not sure what we have to lose here. Also consider total compensation because I bet those numbers are skewed down by the stocks and bonuses that allow for “$1 salary” CEOs. Worst case it just boosts worker morale. Extra assurance they’re not being completely screwed over
Look up mondragon Spain. Its a town in Spain whose economy was struggling after WWII. They turned it around by adopting a cooperative business model. This means all employees are owners.
All employees get to vote how the company operates. Executives work for share holders right? With cooperatives, the share holders are employees creating a business Ouroboros where the boss and their boss have an interest in keeping employees Happy. Employees are invested in keeping the company profitable.
They have padded rules like CEO pay is tied to the lowest salary in the company. It can never be more than X amount of the lowest salary. If they want it to raise they have to increase all salaries in the company first.
They don’t get filthy stinking rich. But what they have shown is that the people living there score happier than most. They also show that they are economically more resilient. For close to a 100 years they have withstood recessions and economic down turns.
In addition to Mondragon, look into co-determination laws in places like Germany, where they have profit sharing, and a certain % of a company’s board needs to be made up of actual workers.
You’ve use the word “should”, which means you’re applying a value judgement. On what metrics are you basing this value judgment? Does a company perform better using this guideline? Do they lower any risks? Does this increase retention? Improve cross-team communication? Reduce waste or losses?
While I also personally think these salaries are insane, without answering about a thousand more similar questions, there’s no justification for the metric you’ve provided.
Another way to look at it: if a company could hire someone for less, and get similar results, wouldn’t they?
so heres where I disagree, if you’re paying the minumum you’re attracting the minimum, the reverse can be said for the worker, why work here when I can get more elsewhere? with pegging the top and bottom rungs of the ladder and spreading the income everyone is motivated to come in to work everyday because they know that if they take care of their work, their work will take care of them. I don’t think thats radical. everyone wins.
Why is this such an unpopular take? Is it because Lemmy is largely comprised of tech bros who make too much money? I just don’t understand how people are justifying any salary above 200k, and even that’s a huge stretch.
Yeah I mean the point I’m making isn’t that Wikimedia execs are paid too much, it’s that all executives are paid to much. The workers actually create value, all an executive does is direct that value generation and claim the rewards for themselves.
IMO income below something like $200k shouldn’t be taxed at all - workers below that range are sacrificing their time (and sometimes their physical health) to earn money. Above $200k income should be taxed heavily. People who make more than that are typically doing less while earning more - what they earn is disproportionate to the amount of effort they put in.
That just shows how grossly overpaid other executives are. The problem isn’t that Wikipedia execs aren’t paid enough, it’s that other executives are paid way too much.
I stand by my opinion that CEO pay should be pegged to the “lowest” employee on the totem pole, everyone should ride the wave and spread out the earnings. Its just gross how it currently is.
That’s a great idea. No more than x times lowest salary. We’d all get insane raises off that concept alone
They’d just do what they always do and make the money elsewhere (mostly using accounting tricks), and claim they made $0 in income.
Good luck going tit for tat with capital. The house always wins.
I don’t think the raises would be as big as you think.
Perhaps. Depends on the company, but I’m not sure what we have to lose here. Also consider total compensation because I bet those numbers are skewed down by the stocks and bonuses that allow for “$1 salary” CEOs. Worst case it just boosts worker morale. Extra assurance they’re not being completely screwed over
Look up mondragon Spain. Its a town in Spain whose economy was struggling after WWII. They turned it around by adopting a cooperative business model. This means all employees are owners.
All employees get to vote how the company operates. Executives work for share holders right? With cooperatives, the share holders are employees creating a business Ouroboros where the boss and their boss have an interest in keeping employees Happy. Employees are invested in keeping the company profitable.
They have padded rules like CEO pay is tied to the lowest salary in the company. It can never be more than X amount of the lowest salary. If they want it to raise they have to increase all salaries in the company first.
They don’t get filthy stinking rich. But what they have shown is that the people living there score happier than most. They also show that they are economically more resilient. For close to a 100 years they have withstood recessions and economic down turns.
https://www.theguardian.com/world/2013/mar/07/mondragon-spains-giant-cooperative
In addition to Mondragon, look into co-determination laws in places like Germany, where they have profit sharing, and a certain % of a company’s board needs to be made up of actual workers.
This can be done.
And congressman/representative salary should be pegged to minimum wage.
Why?
You’ve use the word “should”, which means you’re applying a value judgement. On what metrics are you basing this value judgment? Does a company perform better using this guideline? Do they lower any risks? Does this increase retention? Improve cross-team communication? Reduce waste or losses?
While I also personally think these salaries are insane, without answering about a thousand more similar questions, there’s no justification for the metric you’ve provided.
Another way to look at it: if a company could hire someone for less, and get similar results, wouldn’t they?
so heres where I disagree, if you’re paying the minumum you’re attracting the minimum, the reverse can be said for the worker, why work here when I can get more elsewhere? with pegging the top and bottom rungs of the ladder and spreading the income everyone is motivated to come in to work everyday because they know that if they take care of their work, their work will take care of them. I don’t think thats radical. everyone wins.
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I mean I’d argue that the Wikipedia execs are still paid too much given their actual productive output.
Why is this such an unpopular take? Is it because Lemmy is largely comprised of tech bros who make too much money? I just don’t understand how people are justifying any salary above 200k, and even that’s a huge stretch.
Yeah I mean the point I’m making isn’t that Wikimedia execs are paid too much, it’s that all executives are paid to much. The workers actually create value, all an executive does is direct that value generation and claim the rewards for themselves.
IMO income below something like $200k shouldn’t be taxed at all - workers below that range are sacrificing their time (and sometimes their physical health) to earn money. Above $200k income should be taxed heavily. People who make more than that are typically doing less while earning more - what they earn is disproportionate to the amount of effort they put in.
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