this post was submitted on 16 Apr 2025
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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[–] Shirasho@lemmings.world 13 points 1 week ago (3 children)

You are quite ignorant yourself.

Executive compensation is ALWAYS a question that is voted on during shareholder meetings. Guess who owns majority stock?

[–] dragontamer@lemmy.world -2 points 1 week ago* (last edited 1 week ago) (2 children)

Depends on the company.

Tim Cook, CEO of Apple, owns 0.02% of Apple for example. This is #1 largest company in the world.

Satya Nadella, CEO of Microsoft, owns 0.01% of Microsoft. This is the 2nd largest company in the world.

Jensen Huang is 3.5% of NVidia a serious level of ownership but a far cry from controlling the board. 3rd largest company but the biggest shareholder is Vanguard group at over 8%.

Institutional banks have the largest leeway, by far, in all of these companies. Understanding the voting structure of these companies is important if you don't want to sound like an ignorant dumbass.

Yeah, there's your Elon Musks and whatnot as exceptions. But they're really rare even in the scope of top companies of the SP500 and whatnot.

[–] cubism_pitta@lemmy.world 11 points 1 week ago (1 children)

Those evil boards, FORCING ungodly sums of money into a poor CEO's pocket :(