this post was submitted on 25 Oct 2024
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Am I the only one who thinks a non-founding CEO should never be allowed (let’s say by law) to get a raise simply due to how big their compensation package already is when they get hired?
What do they need more for? Invest that shit in the company or the other workers, and make CEOs job hop for raises like the rest of us have been doing for years. Except when they leave, they are explicitly barred from rehire at that company or any directly related to it. (Imagine this happens, and all of a sudden you have a wave of CEOs pushing for breaking up huge umbrella companies so they can maintain their grift.. lol)
If they job hop every year, well that sure would make it obvious how pathetically little they actually do, wouldn’t it? When a series of “the next person” steps into the role and literally nothing changes ever.
That law will never be passed because the government is owned by corporations but if it did pass they would create a loophole. If the loophole was closed then the corporation would move to a more tax friendly country.
An executive action could change things because it can be effected immediately and penalize moving assets out of the country but you'd have to make it count because the cat is out of the bag at that point.