Comments by "Maxwell Benz" (@Tential1) on "$49 Per Hour? - UPS Caves to Union Strike" video.
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@bonzocleach2496 uh, if we could Lower their pay we would. You act like those top executives own the company. They don't. Shareholders do. I'm perfectly fine voting in favor of ceo compensation, and when they don't perform, we fire them. Which is every 4 years on average. Do you even pay attention to how these companies work? You have to pay iger 27 million because, he has enough freaking money that he doesn't have to do this, and the last dude f'd it up(obviously this is debatable, but for simplicity sake, go with it as it's the most known recent case and other cases I quote to you won't be relevant to you). If we could pay less as a company, we would, because that's more profits for shareholders. Shareholders don't want to pay anyone ANYTHING unless they have to... Hence why we fire top executives ALL THE TIME. that's why the average executive duration is 4 years. Because we pay you.... Until we dislike you. And we can dislike you, even if you beat the market for 10 years straight lol. I've got a few investments where the CEO was ousted, and he out did spy, and Buffett lol. This game is brutal.... We don't like anyone. We want the profits. And those profits, are the same ones that give all the stocks in your 401k value. We could just say zero profits. But that'd make 401ks/stocks worthless which means, you have to save all the extra pay we just gave you.... And more actually since you can't invest in the highest growth vehicle available....
There's a reason regulation never works..... You don't know what you're doing or understand what you're tinkering with.
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@nessdagoat where do profits go? Not to some magic money pot. It gets paid to shareholders. Who are shareholders 401k owners. So when you vote for companies to be less profitable, no problem, but that's less money flowing to your 401k investment. Which means you need to save a higher percentage of your income to meet retirement. We could make companies have little to no profits, no problem. We could pay workers all the profits. But then, the stock is worthless, since there is no profits, and thus, you would have to save the full additional pay and more. The idiocy of people complaining about vanguard and Blackrock owning everything is, they own everything because they manage your retirements. It's YOUR MONEY. God, I hate how little people understand about our financial system. But I guess that's why we can always make money. No matter what you do, you'll choose wrong because you just don't remotely get it.
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