No, the focus on CEO pay without talking about how much value the company as a whole has generated doesn’t make much sense. I couldn’t see it in the linked article, but this article claims Lowe’s had a net income of $97.05 billion in 2022. Splitting that equally amoung all employees means everyone makes $323,500. That’s a huge raise!
The massive profits generated by the company aren’t split equally. The vast majority of those billions earned is given to executives and shareholders or used to buy stock or just held in a vault so the company has a huge surplus of cash on hand. Except who was responsible for generating all those billions? The workers most responsible get compensated the least. That’s the issue. Executives at least work for the company, they deserve compensation from the value generated, but why do shareholders get so much when they never clocked in a single hour? This is where the real discussion lies.
No, the focus on CEO pay without talking about how much value the company as a whole has generated doesn’t make much sense. I couldn’t see it in the linked article, but this article claims Lowe’s had a net income of $97.05 billion in 2022. Splitting that equally amoung all employees means everyone makes $323,500. That’s a huge raise!
The massive profits generated by the company aren’t split equally. The vast majority of those billions earned is given to executives and shareholders or used to buy stock or just held in a vault so the company has a huge surplus of cash on hand. Except who was responsible for generating all those billions? The workers most responsible get compensated the least. That’s the issue. Executives at least work for the company, they deserve compensation from the value generated, but why do shareholders get so much when they never clocked in a single hour? This is where the real discussion lies.