CEO Pay Jumps in UK But Remains Below Pre-Covid Levels
www.bloomberg.com
The chief executive officers of Britain’s biggest companies saw an above-inflation pay boost last year but still earned less than before the pandemic, according to a report published Tuesday.
  • Burn_The_Right@lemmy.worldEnglish
    382·
    10 months ago

    paid 118 times as much as the average worker.

    For doing practically none of the work. If you’ve ever spent time in or around a c-suite you know exactly what I mean.

    • BastingChemina@slrpnk.netEnglish
      13·
      10 months ago

      Even if they were working their as off. There is no reason why someone should be paid that much.

      Having between 3 to 5 time the pay of the lowest paid employee is enough to live very comfortably. This should be the legally required that the CEO can’t receive more than X time what the lowest salary is

      This include bonuses, dividends and benefits in kind.

    • Telodzrum@lemmy.worldEnglish
      124·
      10 months ago

      If you think this, you’re really lacking any experience or perspective. C-Suite is usually the hardest working set of positions in a company with far and away the longest hours and biggest individual impact on a company. This seems like a low ratio, honestly. Some mook pressing a button on a shop floor does not create anywhere near the value of a COO eliminating waste or a CEO steering the organization toward new revenue streams.

      • loobkoob@kbin.social
        181·
        10 months ago

        You’re right. My CEO deserves 118x my pay because I only work 8 hours a day, while they work 944 hours a day…

        Yes, a CEO will likely have the most individual impact on a company, but that doesn’t mean what they’re doing is necessarily harder work than what someone on the shop floor is doing. They have more individual impact because they’re CEO; they’re not CEO because of their individual impact. Take that person from the shop floor and put them in the CEO position and they’ll then be the one with the most individual impact instead.

        It’s a different set of skills, sure. But one of those skills is definitely “being good at persuading people who make the actual product / provide the actual service to work for far, far less money than the CEO who simply co-ordinates it all”.

      • Burn_The_Right@lemmy.worldEnglish
        9·
        10 months ago

        Haha🤣 I have spent years in C-Suites working and playing with these guys and I can tell you this… Even CEO’s don’t agree with you on this!

  • SubArcticTundraEnglish
    8·
    10 months ago

    That’s still a disgustingly large ratio. Does anyone know what it is in the US or Germany?