Comments by "Maxwell Benz" (@Tential1) on "Writers Strike In DENIAL as Actors REBEL They Are Losing" video.
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@beanclam the ceo is chosen by shareholders to manage the company. That pay the ceo takes, if not paid, would go to shareholders. Not workers. So complaining about ceo pay makes zero sense, as this is an issue for shareholders. And as a person who owns stock, the reason I don't care about ceo pay is, it's freaking impossible to get people to work management jobs. Everyone wants management salary. No one wants to work the slave labor hours. The average tenure of a ceo is 3 years. You're the most visible person. Screw up once, and shareholders fire you. In fact, they just fire you anyway. United Healthcare ceos outpaced the s&p for 8-10 years straight. The stock did better than Warren buffett. And the ceo still was fired. You want that job? You can outperform the world's best investor, and be fired. That's the life of a ceo. So they get paid. If you want them to get paid less, you buy shares, and vote against the pay. See who shows up to run the company.... But when you own shares in a company, you'll pay someone like Elon musk whatever they ask, to get the 10x+ return he delivered on the stock.
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@beanclam you act like the ceo set his own pay. Are you daft? The shareholders approve it. Dude, if we could pay the ceo less we would. You act like the shareholders want to pay the ceo. Bro, we don't want to pay ANYONE. We pay what's necessary to get the talent. If you can get ceos to sign 10 million dollar contracts instead of what they're signing now, then dude, we'll pay you 10 million a year. If you can get ceos to accept less money, start a consulting business, I will get you business nonstop. Otherwise, if a ceo wants 30 million instead of 10 million, well, just like you said, the ceo won't be freezing out in the cold if he gets 20 million less, we investors don't mind 20 million less in profits, on a couple billion in profits. Assuming you deliver, otherwise, like the average 3 year term of ceos, bye bye. Get fired, and never hired again, loser. That's why they get paid a lot and have golden parachutes. It's an end of the line job for a lot of people. If these workers think the company is so profitable, they should buy the stock too. Paramount, Disney, etc. Have done amazing.... No? They didn't? So lol, don't cry if you don't have to hold these bags. I wish workers got paid in stock, so they understood, companies and shareholders aren't always doing amazing.
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@beanclam if Elon musk does nothing all day, then you beat him. I mean, he runs 7 companies, but sure, pretend he just tweets all day. This is the problem with people like you. You have zero idea how businesses work. You want to say a ceo does nothing, OK, you start a business, do nothing, see how far you go. It's painfully obvious you've never done this before. You've never started, or ran a business with millions in revenue. The idea it just runs itself... Dude... You are insane. If you think business that easy, go invest in businesses. You'll be a trillionaire, every business you do will be profitable. Yet, MOST businesses fail. Most stocks return below the s&p. So when a person out paces the index with an amazing company, with amazing growth, you think they do nothing lol. It's wild. But of course, you can't do it yourself. Nor can you invest in the businesses that do. Nope. You know the business is broken, makes profits non stop, but, you're above making money by buying the stock... Or..it's next to impossible to pick which businesses will stay profitable....
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