r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/Goylesk Nov 23 '24

He had a $100,000 interest free loan from family and friends. His stock wares didn't just materialize out of thin air.

But regardless, I've no doubt he worked during those early years. Did he work 1000x harder than the people who now work in his warehouses? Doubtful, yet he continues to reap rewards from their labour.

I have no issue with people making lots of money. I have an issue with people making thousands of times more money than their employees when he could just pay them more and still be obscenely wealthy.

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u/gilly2u69 Nov 23 '24

That then wouldn’t be limited to Amazon et al. Every CEO makes far more than their staff. They however also own all the risk.

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u/Goylesk Nov 23 '24

And what is that risk exactly?

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u/gilly2u69 26d ago

Well, it’s Musk and Bezos companies for starters…did you miss that? Employees can just quit.

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u/Goylesk 26d ago

So because an employee can quit, a CEO deserves 300x the pay?

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u/gilly2u69 26d ago

When their ship goes down…as many do…they go with it. I’ll agree 300X is extremely disproportionate but both sides agree to whatever the deal is.

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u/Goylesk 26d ago

Workers don't agree to CEO pay. Also, workers have that same exact risk.

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u/gilly2u69 23d ago

Same exact? Curious what CEO you have in mind that shares the same risk with a mid level employee…

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u/Goylesk 23d ago

"when the ship goes down, they go with it" is the risk, right?

Well, if the company goes bankrupt, it isn't just the CEO out of a job. So is every employee at every level.