Well, on a fundamental level wealth inequality tends to lead to societal instability. However, I would also argue it is simply immoral on its own merits and that they are taking more value than they actually produced.
That's, true. And it does take a specific set of skills. However, for some reason people just assume that whatever someone makes is exactly what they deserve. Like some kind of self justifying circle. There isn't even the possibility that someone is over/under paid by any significant amount.
But can you explain to me...why did David Zaslav make more than double what Tim Cook made? Is it exactly twice as hard to run Warner Bro's as Apple? Twice as hard to find someone that can fill that position?
The reality is that these salaries are largely arbitrary at this point. Being the CEO of Apple or Warner Bro is equally difficult and both Tim Cook and David Zaslav are both roughly equally qualified and probably roughly equally skilled. A small group of people just kinda throw out a fairly random compensation package of stock options and so on, and based on their ability to negotiate with those people and how well the company happens to do their total compensation can vary wildly. There are probably tens of thousands of Americans that have the technical skills required to excel at being the CEO of a multinational corporation, but simply by pure chance didn't have the upbringing or the connections to land such a job.
The world is not some magical perfect mechanical clock. It is messier, more random, and far more unfair than most people would like to imagine it is.
sure....there are probably a bunch of other people that "could" conceivably run these companies
would they do it as well?
would they get the same people to come aboard and help?
the BOD and the executive committee is who put the packages together for C suite executives including the CEO's
Are you saying they are just throwing money away by not negotiating hard enough?
I dont get the issue with all of this....i really dont
Why arent you same people up in arms when movie stars sign 50m contracts for one movie that take 3 months to make?
Or athletes who sign 300m dollar contracts?
Sorry but the guy on the assembly line is never going to get "his fair share" which is what all this bitching is about i believe
If he wants more....he needs to build up his skillset, and then ASK for more....
I never was turned down for a raise in my life....couldnt ask for one in the military.....but other than that, i always got the raise when i asked
That is the issue....people dont want to ask....too afraid of the confrontations.....or that they havent done enough to actually deserve one
If you have the skills and the company values you.....you will get a raise
If the answer is no.....well then, you have the answer....and then know what to do to fix the issue
