So when the CEO of Nintendo cut his salary due to the poor sales of the Wii U and every American tech writer praised him for it, that was just common practice in Japan?
He voluntarily cut his salary in half. That’s more along the lines of taking responsibility than shoring up the company. CEO pay is a tiny percentage of revenue, despite what lemmy thinks. To make a serious dent, pay would have to be cut across all the C suite, and much deeper.
Every thread where you see “ceo of failing company gets $3M bonus” followed by “those workers could have used that” ignores the fact that there are so many employees that, divided evenly, it’s never more than $5, and frequently less than a dollar.
Yes, that’s technically better than nothing. And I agree the CEO doesn’t deserve a bonus if their company is failing. But focusing on this is missing the bigger picture of the lack of workers’ rights in America, and paints a target on the wrong people (CEOs instead of the government).
So when the CEO of Nintendo cut his salary due to the poor sales of the Wii U and every American tech writer praised him for it, that was just common practice in Japan?
He voluntarily cut his salary in half. That’s more along the lines of taking responsibility than shoring up the company. CEO pay is a tiny percentage of revenue, despite what lemmy thinks. To make a serious dent, pay would have to be cut across all the C suite, and much deeper.
It is the most obvious symptom of the problem, that’s for sure, no wonder it’s the most targeted
Every thread where you see “ceo of failing company gets $3M bonus” followed by “those workers could have used that” ignores the fact that there are so many employees that, divided evenly, it’s never more than $5, and frequently less than a dollar.
Yes, that’s technically better than nothing. And I agree the CEO doesn’t deserve a bonus if their company is failing. But focusing on this is missing the bigger picture of the lack of workers’ rights in America, and paints a target on the wrong people (CEOs instead of the government).
They have to try reducing or eliminating the costs at the upper levels before trying to fire the wage slaves in Japan, so yes.