Kansas Crimson

ousdahl wrote: ↑Tue Dec 13, 2022 9:11 am Yea, like I said, controversial.

ousdahl wrote: ↑Tue Dec 13, 2022 9:18 am I suppose the point to take away from Elon’s tweet is, he really did just acknowledge that it’s not the top brass but the workers who ultimately make a business a business

whether Elon (and his Stans, and all the various other temporarily embarrassed millionaires) realize that enough to actually admit it tho is prob a matter of opinion.

Either way, should prob take that much to the Conservatives Almost Getting It thread

ousdahl wrote: ↑Tue Dec 13, 2022 9:03 am I'm tempted to say something like, no human being is worthless. But that might be controversial, especially in this thread.

I'm also temped to point out to twocoach that at least this time around, I didn't challenge anyone to answer any questions, I just posted a tweet from an evil rich CEO of multiple companies who just came out and admitted that often little is needed of him. But if even illy can just say it's all good, then I just wanna say it's all good too.

but yea, there are some worthless CEOs. Just like there are some worthless cops, fast food workers, landscapers, etc. but the difference is, those CEOs still make 300+ times the average income more than workers, even if they're worthless. Not to mention their golden parachute severance packages if and when their worthless asses get fired.

I also heard a take about identifying precisely why CEOs are worthless: so often they're basically little more than rubber stamps for the boreds of directors anyway. They're not trying to execute the best business decisions and strategies for the business they officiate.

They're appointed by a bored, report to the bored, and just sign off on the vision of the bored, even tho all the bored tends to care about is not some objective concern for what's best for the business or its stakeholders as a whole, but is simply concern for their own accumulation of wealth.

MICHHAWK wrote: ↑Tue Dec 13, 2022 8:36 am worthless people mostly just hangout on the interwebz all day and blubber their yap.

ousdahl wrote: ↑Tue Dec 13, 2022 12:54 pm man, you guys and your boogeyman...when was the last time I shared a meme here, anyway?

but yea, Japhy's perspective is a good one.

and if you guys enjoy the anecdotes tho, allow me to share mine:

at my previous two employers, the resort ranch where I went fishing with Japhy announced one day, we got ourselves a CEO! He was the product of a nationwide recruiting effort, and the billionaire owner decided he was the best candidate for the role - based on his experience trimming the fat and expanding core competencies at tech companies, ownership thought he was just the guy to do the same for a, uh, guest resort.

One day, the guy actually physically appears. Nice guy! He comes in and says, "hey guys, since we have our own private stretch of river, why don't we start offering guided fishing trips, like many of the other resorts around here do?" To the CEO I reply, "great idea, let's do it!"...as I'm standing there with a couple of clients...in our waders and holding fishing rods...on the way out the door to the river...

The next joint was the early checkin circus yall were so fond of. The week before Christmas and New Years - thee busiest weeks of the year for early checkins in a mountain town - the owner/CEO calls a company wide meeting. "Now, I know we're extremely short staffed, and approaching the busiest time of year for us, so that's why I want to call for an all-hands-on-deck mentality for the next two weeks! I want everyone prepared to do everything! I even personally am planning to come in and help with housekeeping and maintenance stuff! So if even I have to be scrubbing toilets, I expect each of you to be prepared to as well!"

In that moment, and for perhaps the first and only time ever working for the guy, I respected him. All the rank and file had always been practicing an all-hands-on-deck mentality as just part of the gig, but to hear the owner and CEO doing the same, it seemed admirable, right?

So then the very next day, we're short staffed and over committed and otherwise scrambling. Another manager asks, "where's the owner and CEO? I thought he was gonna be around to help? I tried calling and emailing him this morning but haven't heard back."

That's when the "HR manager," (his wife), mentions, "oh didn't you hear? He left last night to spend the holiday at a private gated golf resort in Mexico. My flight leaves in the morning. You guys are running the show for the week."

But, alas, just more anecdotes.

so if I may, let me ask you guys a question. It's a two parter of sorts. Since you are all sooo enamored with CEOs, could you help me justify why the average CEO makes anywhere from 300 to, based on the time and the source, around 670 or more times as much as the average worker? Out of 300 top US companies, 49 of them had pay gap ratios above 1000:1.

https://www.theguardian.com/us-news/202 ... ies-report

second part of that question: if one of those CEOs in question is worthless, does that mean they're 1000+ times as worthless as the average worker?

ousdahl wrote: ↑Tue Dec 13, 2022 1:11 pm yea.

but, in the interest of this discussion, and of this entire thread, I don't think it does much for you CEO Stan guys's argument to point to the 1% types as some outlier.

Indeed, the 1% should be very much the focus.

cuz - spoiler alert! Like illy said, they're as prone to being as worthless as anyone.

but, unfortunately, if and when they are worthless, it's not like it only affects 1% of things.