Comment by jedberg

Comment by jedberg 11 hours ago

I think your complaint is about CEO comp, not CEO pay. CEOs generally don't make a ton of cash (for example the CEOs of Netflix get $3M a year, which is just a bit more than the VPs get). However, they get a bonus based on company performance and a ton of stock.

CEO comp is so high because of the stock, and the fact that stock buybacks are legal. They were illegal until the 1980s.

A quick fix would be to outlaw stock buy backs. The problem with buybacks is that the people who control when they happen are also the ones who benefit when they happen.

GuinansEyebrows 11 hours ago

> CEOs generally don't make a ton of cash (for example the CEOs of Netflix get $3M a year, which is just a bit more than the VPs get)

this is a nit, but HEY. THREE MILLION DOLLARS is a LOT of money. like, an unconscionable amount of money in terms of annual salary.

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jedberg 11 hours ago

It is, but the point is that it's not huge compared to other people at the company. Directors at Netflix make over $1M (and some of the engineers too).
In the Bay Area that's a big number, but not unfathomably huge.

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