I think they're both actually "We want to have this, but we don't want to pay too much for it just so a CEO can make 10,000x their workers and potentially ALSO still lose money."
I think they're both actually "We want to have this, but we don't want to pay too much for it just so a CEO can make 10,000x their workers and potentially ALSO still lose money."
How much of the money goes to CEO vs shareholders is something they can work out between themselves.
If the airline goes bankrupt, that just means that the creditors get less than they otherwise expected. That's something to haggle out between creditors and management and shareholders.
(Or do you want to imply that if the shareholders saved money on CEO compensation, they would give the money to ordinary workers?)
It JUST means that the creditors lose money? It doesn't stop the planes flying? It doesn't stop the humans and freight from being transported? The plane maintenance? The airport's budget isn't affected, the airline employees aren't affected?
It's funny how any time something comes along suggesting consumer choice should play a role in a market economy, these types of comments come along to suggest its not their place.
There's no fundamental rule of a capitalist society that consumers have to make their choices out a narrow selection of options provided by corporate oligarchies between the criteria they would prefer to compete on. As a customer, I can choose which airline I want based on whatever criteria I want. Maybe I pick it based on pay ratio between executives and average workers, maybe I pick it based on whichever has the font I like best on their homepage.
Right, but what makes that viable? Something so topheavy ought to go the way of the Irish elk.
Edit: maybe a piñata is a better metaphor. :(
Culture. Today's CEOs aren't more valuable than those of 30 or 60 years ago but the going rate is way higher, so they're paid what's expected.