davidsirota,
@davidsirota@mastodon.online avatar

🚨NEWS: Corporations tried to block a rule forcing them to disclose CEO & worker pay.

The rule went into effect - now data show CEOs have been jacking up their pay while slashing workers' pay.

The CEO/worker pay gap grew 34 PERCENT in the last 5 years. https://www.levernews.com/ceos-got-raises-as-they-cut-workers-pay/

koteisaev, (edited )
@koteisaev@mastodon.online avatar

@davidsirota This is normal way how any company based on shareholders model evolve/rot over time.
CEO is not a founder, eventually, but some random person who does not give a fark about workers or even company long-term success. first ceo cut workers pay as part of "costs optimization programme" or "improve profitability", and than as reward for that CEO write off a big bonus for doing so.
There is no other thing that can happen in a for-profit organization based on shareholders model.

jimmygnarly,
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