this post was submitted on 06 Nov 2023
766 points (98.0% liked)
unions
1612 readers
58 users here now
a community focused on union news, info, discussion, etc
Friends:
- https://lemmy.ml/c/labor
- https://sh.itjust.works/c/unions
- https://lemmy.ml/c/coops
- https://lemmy.ml/c/antitrust
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Gotta say, I've known a few executives and I do not think this is true at all. Upper corporate ranks tends to mean you're working all the time.
I interact with the executives of my company all the time, and it's true, they do *work all the time
*If by "work" you mean travel all over the country having "business meetings" with execs of other companies, ie eating expensive meals and getting ripped on the company's dime.
Yeah, the first point is utter nonsense. Executive management is a very different kind of job than hourly work, but is still difficult and taxing, just in different ways. Every CEO I've worked with is on the clock almost literally 24x7. I'm not supportive of that lifestyle, but saying it's not hard work is very ignorant.
I'd give the second one 50/50 depending on which CEO and employee we're comparing. The third point is absolutely true. I've never met an executive that's legitimately earned their pay.
Ceo seems lik a horribly stressfull job, and they got investors beathing down their neck, ready to replace them if their growth plan dont pan out. They do got sweet pay though.
Yeah. The board members and big shareholders may not do shit, but corporate prices really do tend to put in a whole lot of work.
Does that justify them being paid 300 times what I make? Hell no. But they generally do work a lot more than the average worker.