/biz/ - Business & Finance

dude just become a CEO

>>53173558
Yeah i think nothing's left anymore. Crypto is dead

>>53173582
Keep dreaming

>>53173547
>since 1978, the role and responsibilities of a CEO have radically grown as companies have gotten larger in scale and complexity

maybe if the "typical worker" wanted more money, they'd take on additional responsibilities

>>53173547
>Typical worker
That is because the typical worker is typical. Normal, average, mundane, unexceptional. So they get typical wages, not exceptional wages.

>>53173547
there is 1 ceo per company and million of wagies like (you)

>>53173601
>since 1978, the role and responsibilities of a CEO have radically grown as companies have gotten larger in scale and complexity

low IQ "just world hypothesis" in action.

>>53173598
Name three "typical" jobs that can't be replaced by AI/automation.

>>53173618
The butter one looks absolutely perfect.

The market is extremely advanced nowadays, companies are usually unprofitable without already being a huge player with scale economics working in their favor.

>>53173598
They'll build new infrastructure and institutions for themselves and abandon the old.

>>53173601
>

>>53173683
>>53173631

the man in charge and ultimately responsible for a multi-billion dollar organization across all facets of its operations, including providing an income for the hundreds/thousands of men and women it employs, deserves to be paid commesurate with the responsibilities he bears

the average rank and file employee has no loyalty and no skin in the game. If the company goes under he just gets a new job. Why does he deserve anything more than the bare minimum? if it's so fucking easy he can go start his own business

>>53173711
>deserves to
more niggercattlesque, low IQ just world hypothesis in action. he doesn't "deserve" anything. he takes what the shareholders deem appropriate. CEOs are largely replaceable which is why their tenure is short, about 5 years on average and only slightly higher for very large, publicly traded organizations.

subhuman wagies don't even deserve the pay they do get, they sure don't deserve even more

>>53173618
last year the media was whining that china was hoarding rice. Get with the times grandpa communism is when too much food

>>53173737
wrong, it's 100% deserved. Kys

>>53173582
>an AI CEO
What an absolute fucking nightmare that would be.
>HELLO [employee] HAPPY BIRTHDAY FROM ME, MR. HAPPY CEO MAN. PLEASE ACCEPT THIS GIFT OF [protein] AND AN ADDITIONAL <4 to 7 minutes> OF TIME TO CRY IN THE BATHROOM.
>FAILURE TO RETURN FROM YOUR <sadness ritual> ON TIME WILL RESULT IN IMMEDIATE TERMINATION AND YOUR SOCIAL CREDIT SCORE WILL LOSE 110% OF IT'S VALUE.

>>53173913
>indignantly wrong
many such cases when it comes to low IQ niggers. let me guess, you're also a christkike?

>>53173951
Based desu. I want corporate workers to contemplate that suicide might actually be a better option.

>>53173642
Only the financial sector creates money.

>>53173618
>muh communism!

>>53174023
>getting triggered by a cookie meme

>>53174023
>real central banking has never been tried

>>53173618
kek

>>53173547
Being a CEO is an highest risk/mid reward investment, you're literally better gambling shitcoins. Prove me wrong

>>53174350
love it when liberals complain about central banking. The war of 1812 was proof it doesn't matter how much you are "against central banking", you will inevitably create one to fund your military

>>53174546
What's the risk? You have to go back to a mid level manager position if you fuck up?

>>53173547
What the hell happened in 1978?

>>53174563
You clearly don't understand how third-party accountants could fuck up big time (just to pick one of the many random not so unlikely bad scenarios) and guess what? All the legal shit will fall on your head only. Then if you like to be butt-raped by the IRS go for it, otherwise your best exit is the rope. All for a mid-tier financial return, at best

>>53174606
China opens up allowing mass outsourcing + the volcker shocks destroyed exports to protect the petrodollar = industrial base is destroyed in america, meaning pay for workers plummet because the labor market got flooded.

>>53174609
lol the IRS doesn't even pursue CEOs because they know it's not worth getting tied up in litigation forever with someone who can afford a good lawyer

>>53173547
CEO get paid in stocks. This graph is comparing apples and apples+oranges.

>>53173951
What's the difference?

>>53174609
executives don't go to prison for bad financial results. SOX has provisions for criminal liability if executives knowingly sign off on fraudulent or materially incorrect financials. in practice this has never really happened outside of enron, because audits are much more rigorous (despite being a joke.) what's your next cope?

t. former big 4 auditor

>>53174623
Holy shit, never heard of the Volcker shock. How is such a critical and disastrous policy not taught in schools?

>>53174623
Can you explain more?

>>53174674
Late Carter + the Reagan years were the final death of Bretton Woods, so any criticism of St. Ronald is criticism of the status quo / washington consensus which they're not gonna teach you in school

>>53174725
what do you want to know

>>53174554
Yeah, it's almost like starting wars is in the best interest of bankers. Weird.

>>53174793
>>53174674
>>53174793

>>53175220
>stop noticing things, goy

>>53173673
Hey that's not a cookie!

>>53173582
Cope

>>53175237

>>53173582
the exact opposite. AI means that the entire productive ability of humans will be concentrated in the machine-owner class, which will be able to use massive amounts of money to train giant models to replace their wagies

you aint seeing a dime of that money. read industrial society and its future

>>53174644
AI is a bit nicer

>>53177841
the stupid ainiggers are going to accidentally unleash an ASI skynet machine god long before they replace even the majority of currently employed workers

women entering the workforce has diminished the wagie's returns

>>53177902
every time the fed prints money corporations raise their prices by 3% and give 1% raises
it's really that simple. without the fed endlessly printing fiat we wouldn't be in the situation we are in now

>>53173618
Yeah, no shit, the argument is that "typical" or "average" has been regressing. "Average" still bought a house on a single income 50 years ago.

>>53173547
Maybe, it's better than waging at a McJob.
But really it means the money supply has been inflated out from underneath us while the printed currency largely gets sucked up by the stock market.
CEOs get mostly stock options and equity as compensation, so when markets keep going up, in part due to the money printer, they benefit.
This disconnect in worker and CEO pay was not very pronounced before 1970, roughly. The dollar-to-gold link (Bretton Woods) was ended right around then, so think what you want about that.

>>53174674
If people really understood what central banks did to them, there would be a revolution by morning.
Anyways, it's by design.
But, you should know that the volcker shock was really just the response to the dollar being made non-redeemable in gold (and the following inflation) - it's not the problem on its own, it was the response to try to salvage the situation.
Without Volcker jacking rates to the moon, the dollar would have been ruined even further.

>>53175237
>we'll get a third Israel before (((they))) get a third temple

>>53173598
You know CEOs don't really do any actual work right? Elon lied.

>>53173547
ceos are wagies

>>53173631
so companies are smaller and less complex now?

It's easy to justify why it's like that now.
CEOs deserve to be paid more than workers because they're doing more or something.

But it wasn't like this in the 70s where CEOs make 900% less than today. Someone explain why this change is good.

>>53173601
>t.have never had a job
you don't get paid much more when you take more responsibilities... only rich scammers (like CEOs) do

>>53173711
People like you deserve the fucking rope.

>>53178461
no, it's just a retarded and nonsensical justification borne of a low IQ trying to grapple with a clown world
>uhhhh MORE WORK means uhhh ummm MORE MONEY

it means all CEOs should be lynchd

>>53178503
i thought that those with highest pay do the least work

>>53178531
>>53178722
as a counterpoint, audit and other regulatory services are considerably more complex in a post-SOX world yet salaries for us aren't 900%. CEO pay is largely an american phenomena, a cult of personality over mentally retarded scam artists who stick around for 5 years and earn extravagant paydays whether they do well (Microsoft's comeback) or whether they destroy the company with mind numbingly retarded decisions (Jack Welch's destruction of GE, which is somehow still viewed through mentally retarded rose tinted glasses worn by brain dead nigger retards.)

>>53174546
its literally risk free. even if you fuck up you will get a "golden parachute" so you will be set for life in any case