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>paid at the expense of people like you If you paid a CEO £500k instead of £20m and divided the rest amongst the average number of employees amongst the FTSE100 which is 44,000, then each of those workers could enjoy a £38 pay rise monthly pre-tax. >What’s their ROI multiplier? Without the CEO, the company would not exist, not function or certainly not be as large as it is. So their contribution to the company provides for 44,000 people directly, and probably another 250,000 or more indirectly through family, downstream economic impacts etc. It's pretty clear to say that, say, a shelf-stocker at Tesco, while improving revenue at a single location by perhaps tens of thousands of dollars, doesn't even come close to providing that level of economic opportunity. If that same person was removed from their position and not replaced, the impact to that store, to Tesco and to the community, would be less than negligible. It would not even be possible to be measure. That doesn't mean it isn't noble to be shelf-stocker, a janitor, or even a software engineer. It is. But that doesn't mean you get to pretend you're feeding 294,000 people. |
What if you cut the entire C-suite's salaries? And maybe their reports' salaries too?
> Without the CEO, the company would not exist, not function or certainly not be as large as it is
You mean the founder. Otherwise the company existed before the CEO came along. And if it didn't employ that CEO it would employ some other CEO.