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(Twitter)   The odds are against us, 354:1   (twitter.com) divider line
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3173 clicks; posted to Business » on 22 Jan 2022 at 8:15 AM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-01-22 4:42:12 AM  
Original Tweet:

 
2022-01-22 6:08:14 AM  
Oh my.
 
2022-01-22 7:22:31 AM  
c.tenor.comView Full Size
 
2022-01-22 7:27:53 AM  
no shiat
 
2022-01-22 7:46:35 AM  
I believe it was Shakespeare who said something about killing all the lawyers.

While that does still have some relevance, I really think it should be updated to put the MBAs against the wall first.
 
2022-01-22 7:59:21 AM  
I'm willing to go out on a limb and say that not only have Wharton students never met a poor person, they've never even considered the concept of poor people
 
2022-01-22 8:02:16 AM  
I wonder if the professors at Wharton use this particular educational tool...

Fark user imageView Full Size
 
2022-01-22 8:19:39 AM  
If the efforts of that CEO secure the jobs of 355 or more workers it is absolutely worth it.

That's their job. Making the company successful so YOU can have a job.

Why so many ideas don't get this is amazing. They seem to think a company is a charity that owes them gobs of money just for deigning to show up.

That's not reality. That said, if you can do better please, feel free to start a company and cap your salary at 7x your average employee. Sauce for the goose is sauce for the gander.
 
2022-01-22 8:32:47 AM  

zgrizz: If the efforts of that CEO secure the jobs of 355 or more workers it is absolutely worth it..


By that logic any CEO that orders job cuts should pay the terminated employees' severance.
 
2022-01-22 8:33:44 AM  

zgrizz: If the efforts of that CEO secure the jobs of 355 or more workers it is absolutely worth it.

That's their job. Making the company successful so YOU can have a job.

Why so many ideas don't get this is amazing. They seem to think a company is a charity that owes them gobs of money just for deigning to show up.

That's not reality. That said, if you can do better please, feel free to start a company and cap your salary at 7x your average employee. Sauce for the goose is sauce for the gander.


You also have to give them an equal ownership stake regardless of the fact that they didn't put up any of the capital.
 
2022-01-22 8:40:43 AM  
At my last job, the new CEO got more stock options than all of the employees (over 10,000) combined.  As he drove the stock price down, his got adjusted, no one else's did.  Mine were at 115. When I finally vested, he had gotten the stock down to 17.  He also had much shorter vesting and probably racked off $20 million in four years.
 
2022-01-22 8:41:01 AM  

zgrizz: If the efforts of that CEO secure the jobs of 355 or more workers it is absolutely worth it.

That's their job. Making the company successful so YOU can have a job.

Why so many ideas don't get this is amazing. They seem to think a company is a charity that owes them gobs of money just for deigning to show up.

That's not reality. That said, if you can do better please, feel free to start a company and cap your salary at 7x your average employee. Sauce for the goose is sauce for the gander.


Fark right off.

Trickle down economics does not work.

People are not robots

Business should give back. They are declared people in the USA 🇺🇸

Jesus. I am just flustered trying to wrap my brain around how wrong you are.
 
2022-01-22 8:54:59 AM  

Brosephus: I wonder if the professors at Wharton use this particular educational tool...

[Fark user image image 850x560]


That was just ahead of its time. In eighty years, with inflation, it'll look just fine.
 
2022-01-22 8:55:16 AM  

Brosephus: I wonder if the professors at Wharton use this particular educational tool...

[Fark user image 850x560]


What's the story behind this graphic? Everyone looks quite sad.
 
2022-01-22 9:03:12 AM  

MelGoesOnTour: Brosephus: I wonder if the professors at Wharton use this particular educational tool...

[Fark user image 850x560]

What's the story behind this graphic? Everyone looks quite sad.


WSJ wanted people to think Obama's economic plan would hurt normal people. But their idea of normal was absurdly out of touch.
 
2022-01-22 9:05:13 AM  

MelGoesOnTour: Brosephus: I wonder if the professors at Wharton use this particular educational tool...

[Fark user image 850x560]

What's the story behind this graphic? Everyone looks quite sad.


It was a graphic from a WSJ article in 2013 about how everyone's taxes would increase. They're all probably sad because the incomes are outrageously overstated making them feel miserable because they make only a fraction of what's stated in the example.
 
2022-01-22 9:11:10 AM  
That's almost the odds against christmas being christmas.
 
2022-01-22 9:27:35 AM  
When I started my career in the late 70s, the ratio was roughly 25:1. It climbed slowly through the 80s. The workers started getting seriously screwed when Michael Miliken discovered you could loot a company through the pension plan.

And to this day, no C-Suite will plan longer than a year ahead because a vulture is waiting to steal the assets/
 
2022-01-22 9:41:46 AM  
Old and busted: slaves count as 3/5th of a person

New standard: slaves count as 1/354th of a person
 
2022-01-22 9:47:40 AM  

BizarreMan: I believe it was Shakespeare who said something about killing all the lawyers.

While that does still have some relevance, I really think it should be updated to put the MBAs against the wall first.


Beat the lawyers to death with the MBAs.
 
2022-01-22 9:56:56 AM  
It's easy to hate on Wharton students; if you did man on the street interviews asking people how much service sector workers make - people who they interact with daily like Starbucks barista, super market register clerk, staff at doggy daycare, etc. - I'm sure they'd guess salaries 2x and 3x what they really are.
 
2022-01-22 10:16:55 AM  

thornhill: It's easy to hate on Wharton students; if you did man on the street interviews asking people how much service sector workers make - people who they interact with daily like Starbucks barista, super market register clerk, staff at doggy daycare, etc. - I'm sure they'd guess salaries 2x and 3x what they really are.


No, they'd say, "Who?"  because it didn't really occur to them that those were people.
 
2022-01-22 10:17:22 AM  
pfft.  just work 355 times harder than the CEO and you'll soon be making more money than him.
 
2022-01-22 10:34:05 AM  

BizarreMan: I believe it was Shakespeare who said something about killing all the lawyers.

While that does still have some relevance, I really think it should be updated to put the MBAs against the wall first.


In order:

MBAs and C-Suites
Fascists
Televangelists / Megachurch preachers
Antivaxxers
Lawyers
Telemarketers
Advertising Executives
Nickelback
 
2022-01-22 10:34:28 AM  

SomeAmerican: Old and busted: slaves count as 3/5th of a person

New standard: slaves count as 1/354th of a person


Good joke, but slaves were worth 0/5.  The Southern states got them to count for something to skew the census.
 
2022-01-22 10:39:29 AM  

zgrizz: If the efforts of that CEO secure the jobs of 355 or more workers it is absolutely worth it.

That's their job. Making the company successful so YOU can have a job.

Why so many ideas don't get this is amazing. They seem to think a company is a charity that owes them gobs of money just for deigning to show up.

That's not reality. That said, if you can do better please, feel free to start a company and cap your salary at 7x your average employee. Sauce for the goose is sauce for the gander.


jjorsett: zgrizz: If the efforts of that CEO secure the jobs of 355 or more workers it is absolutely worth it.

That's their job. Making the company successful so YOU can have a job.

Why so many ideas don't get this is amazing. They seem to think a company is a charity that owes them gobs of money just for deigning to show up.

That's not reality. That said, if you can do better please, feel free to start a company and cap your salary at 7x your average employee. Sauce for the goose is sauce for the gander.

You also have to give them an equal ownership stake regardless of the fact that they didn't put up any of the capital.


Good to see you guys back on Team Corporation.  During the last several years, you were screaming to seize the means of production from  companies like Google, Twitter, Facebook, etc whenever they tried to ban Nazis.
 
2022-01-22 10:41:31 AM  

jjorsett: zgrizz: If the efforts of that CEO secure the jobs of 355 or more workers it is absolutely worth it.

That's their job. Making the company successful so YOU can have a job.

Why so many ideas don't get this is amazing. They seem to think a company is a charity that owes them gobs of money just for deigning to show up.

That's not reality. That said, if you can do better please, feel free to start a company and cap your salary at 7x your average employee. Sauce for the goose is sauce for the gander.

You also have to give them an equal ownership stake regardless of the fact that they didn't put up any of the capital.


So, you're saying that companies shouldn't give stock options/RSUs to employees?  Then again, it makes sense since you guys lost your minds over Costco paying their employees a decent wage.
 
2022-01-22 10:45:11 AM  
'when you ask people what the appropriate ratio of CEO to worker pay should be, they say 7:1. "


I wonder who those souless inhuman turdwhiffs are that would say that kind of lame ass classicists bullshiat?


job title/job skills brought to the table seem far less meaningful to how much of the pie you ought to get.
And more about, if your particular part of the money earning, involved any potential for serious harm, medical problems, or risk of life.

That a coal miner, who risks much for the job should take home so much less than anyone who sits in comfortable chairs and takes no meaningful personal risks wiht their own life and safety to make their money.


If you believe you deserve more of the earnings than anyone who literally had to place their own health and safety on the line to get that money
You are an immoral piece of inhuman trash that has no idea what civilization really is.
 
2022-01-22 11:01:03 AM  

tricycleracer: Good joke, but slaves were worth 0/5. The Southern states got them to count for something to skew the census.


Northern states wanted 0/5. Southern states wanted 1/1.
 
2022-01-22 11:18:27 AM  
It's a garbage article. The actual study doesn't appear to state the actual question. However the info they used is a 2013 study from the AFL-CIO on the S&P 500 CEO pay (mostly public record). The S&P 500 CEO is very different from others because they are in publicly traded companies, that are also in the S&P 500 so typically larger capitalizations, and where compensation is likely tied to stock prices.

To now conclude CEOs of all forms is inherently bad is to cherry-pick a data set to draw the wrong conclusions.
 
2022-01-22 11:22:57 AM  
This is honestly where I view the dividing line is between small business and corporations. If you break that 1:7 ratio you are a medium sized business, if you break that 1:30 ratio you are a large business, and if you break the 1:356 ratio, you are an asshole.
 
2022-01-22 11:45:25 AM  

zgrizz: If the efforts of that CEO secure the jobs of 355 or more workers it is absolutely worth it.

That's their job. Making the company successful so YOU can have a job.

Why so many ideas don't get this is amazing. They seem to think a company is a charity that owes them gobs of money just for deigning to show up.

That's not reality. That said, if you can do better please, feel free to start a company and cap your salary at 7x your average employee. Sauce for the goose is sauce for the gander.


Wow, that CEO cock must really be delicious. Keep sucking and maybe something good will trickle down on you.
 
2022-01-22 11:56:35 AM  

SomeAmerican: Old and busted: slaves count as 3/5th of a person

New standard: slaves count as 1/354th of a person


Yeah, we sure do have it worse than the slaves.
 
2022-01-22 12:01:30 PM  

mrmopar5287: tricycleracer: Good joke, but slaves were worth 0/5. The Southern states got them to count for something to skew the census.

Northern states wanted 0/5. Southern states wanted 1/1.


Representation in name only. Just another form of exploitation.
 
2022-01-22 12:04:46 PM  

Prank Call of Cthulhu: zgrizz: If the efforts of that CEO secure the jobs of 355 or more workers it is absolutely worth it.

That's their job. Making the company successful so YOU can have a job.

Why so many ideas don't get this is amazing. They seem to think a company is a charity that owes them gobs of money just for deigning to show up.

That's not reality. That said, if you can do better please, feel free to start a company and cap your salary at 7x your average employee. Sauce for the goose is sauce for the gander.

Wow, that CEO cock must really be delicious. Keep sucking and maybe something good will trickle down on you.


He's very embarrased, but only temporary.
 
2022-01-22 12:13:20 PM  

zgrizz: That's their job. Making the company successful so YOU can have a job.


The job of a CEO is to maximize profits for the companies shareholders.

I believe the best solution is employees are given a majority shareholder interest in the company so the CEO works in their interest.
 
2022-01-22 12:19:31 PM  

mrmopar5287: tricycleracer: Good joke, but slaves were worth 0/5. The Southern states got them to count for something to skew the census.

Northern states wanted 0/5. Southern states wanted 1/1.


This has got to be one of the dumbest things I've ever read.

Sit down quietly and think about what you've done here today.
 
2022-01-22 12:21:15 PM  

TomDooley: zgrizz: That's their job. Making the company successful so YOU can have a job.

The job of a CEO is to maximize profits for the companies shareholders.

I believe the best solution is employees are given a majority shareholder interest in the company so the CEO works in their interest.


That worked for Home Depot for years. Between the C-Suite and the ESOP, they held about 25% of the company well up until the 90s.
 
2022-01-22 12:26:05 PM  

common sense is an oxymoron: mrmopar5287: tricycleracer: Good joke, but slaves were worth 0/5. The Southern states got them to count for something to skew the census.

Northern states wanted 0/5. Southern states wanted 1/1.

Representation in name only. Just another form of exploitation.


Correct, but it's counter-intuitive.

Abolitionists wanted slaves to count at 0/1 for representation. They didn't want southern states to gain any advantage by counting slaves who could not and would not be allowed to vote, because the slave holders would gain outside representation in government. Slave holders wanted slaves to count as 1/1 so they could have all them count and not be allowed to vote.
 
2022-01-22 12:26:55 PM  

Needlessly Complicated: This has got to be one of the dumbest things I've ever read.


Nope, it's accurate. I just summarized it in a comment above before I read your post.
 
2022-01-22 12:32:35 PM  
Minimum wage is $7.25 and both parties want it that way.
 
2022-01-22 12:40:53 PM  
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2022-01-22 12:45:07 PM  
Revolutions have started over less.
 
2022-01-22 12:45:12 PM  
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2022-01-22 1:19:49 PM  
30:1 is what I actually suggest it should be, by law (highest paid and lowest paid can't be more than 30:1). Funny that's what people think it really is.
 
2022-01-22 1:20:44 PM  
I guarantee not a single farker would set fire to a wealthy persons house just to do it, because fark them. So nothing is going to happen here, either. Go back to work.
 
2022-01-22 1:21:49 PM  

Brosephus: I wonder if the professors at Wharton use this particular educational tool...

[Fark user image image 850x560]


This meme is going to have to be updated for inflation soon or it won't be funny anymore
 
2022-01-22 1:31:35 PM  
This frankly makes me feel like shiat.  I have never earned over $200,000 a year and I am 3-4 years away from retirement.  ARRGH.
 
2022-01-22 1:40:15 PM  
There is absolutely no sane rationalization for what big corporate CEOs get paid or for the wealth they are allowed to accumulate in stock options.  They are absolutely positively not worth it.  None of them.  Not Bezos, not Musk, no one is that special.

That said - there are also a lot of good CEOs out there, especially in smaller companies.  My wife is a partner and CEO of a small tech company and busts her ass to make it work.  Her salary is $100K and her "profit" on her equity averages essentially zero.  When cashflow has gotten really tight she has foregone her own salary to help keep employees on board.  She has several employees who make more than her and her lowest paid full time employee makes $45K.  Her first and foremost goal for the company is to do right by her employees.  Her secondary goal is to build enough value into the company to be able to sell her stake and have a descent retirement by the time she's 60.

Her business does a lot of work for small and medium size businesses and their CEOs and management are all across the board - and some of them certainly are the most vile scum you could imagine.  But there are also a lot of C levels out there who are trying to do right thing for their customers and employees and make an honest profit.  Too few for sure, but they do exist.
 
2022-01-22 3:19:23 PM  
I just did the math, and the CEO of my company only makes 92X my salary. Pretty good, right?
 
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