The historic UAW strike puts an exclamation point on more than a decade of efforts by Washington lawmakers to narrow the pay gap between top executives and workers.

The historic UAW strike puts an exclamation point on more than a decade of efforts by Washington lawmakers to narrow the pay gap between top executives and workers.

  • SCB@lemmy.world
    11·
    1 year ago

    Generally, but not always, the board will set a price range for CEOS. In smaller firms, the C-suite or President will, in some rarer cases the owner will have sole vote.

    You seem to think CEOs dictate their own wages, which makes no sense. That’s not how getting a job works.

    • JoBo
      11·
      1 year ago

      Exactly

      Furthermore, the boards themselves typically include fellow C-Suite executives, leading to elite back-scratching as well as a never-ending upward spiral of executive compensation as companies compare their CEO salaries to others.

      They’re not incentivised to get the best value for money. They’re setting the benchmarks by which their own pay is decided.