Comments by "Maxwell Benz" (@Tential1) on "CNBC" channel.

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  30. Ceos don't give themselves raises. That's the problem. You literally don't understand how a corporation is structured. Shareholders give ceos raises. So yes, if we shareholders could find a ceo to run a corporation for less money we would. But ceos are hard to find, and they are normally already wealthy. So, we pay them to stick around. You act like we want to pay them money... Dude if you can find competent ceos for 5 million a year, I will personally ensure you get paid 25 million a year. This is literally no problem, I work with tons of funds with billions in assets, 25 million is pocket change, if you can save companies/shareholders from paying out large compensation packages, and you can find these star employees for 5 million a year, I will make sure you get that 25 million. Hell, can probably make it more. But until then, shareholders will pay the CEO, rather than let a company run directionless and tank our whole multi billion dollar investment. You get paid what you're worth dude. And I hate to break it to you, it's worth paying the CEO 20 million manage your 100 billion dollar investment. Get it through your head, the ceo pay has NOTHING to do with you average workers. It's because shareholders pay to protect their investment. When you invest your money in a company, you decider whether you want to gamble on a random new ceo, or pay the current one more money. For example, I've got a f ton in jp. Morgan. If Jamie Dimon wants another 2-3 million, I will vote to approve. Jamie has done 12.5% for my investment annually. His pay, has no reflection on whether I'll pay the bank teller more money. I pay him to manage a 500B business. I pay a bank teller to do something I can arguably automate. I can't automate a ceo.
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  199. The other companies are new. This was done a long time ago. It's a past relic. It's arguably not helpful either. The workers could have asked for wage increases a long time ago if they didn't have to wait for contract renewals. They could have asked RIGHT when profits went up. However, they had to wait til this contract renewal, and now, they want pay rises, right when the profits are disappearing, as the companies are forced to make EVs, and they can't make them profitably. I mean, Ford earnings reports are hilarious. They always revise their forecasts for worse losses. It's similar with Hollywood, although Hollywood signed the deal (But the deal let's them do fewer workers for shorter shows, and well, I don't know if these Hollywood writers pay attention to the freaking investor reports, but Netflix and us investors said we are ONLY paying 19B a year for TV shows/Movies. No more. So if they want 40% pay rises, no problem. We are gonna make less content. Like bruh, it's our company, we put our money up, if you want to run the company, you go buy the shares and pray you don't lose your money. Until then, we choose). But Hollywood was making record profits, now, they are literally losing money, and they signed this union deal. So sure, you can demand more pay and get the deal, but if we aren't making money lol, we're gonna make changes. Disney, Warner, Paramount, etc. no one is making money, it's kinda hilarious. Except Netflix. They finally became cash positive by a billion (Spend 19B on content, 3-5B on management/other costs, to barely make 1 billion dollars profit, you want to invest your money and risk it? Please, join us).
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