capitalism
capitalism
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- neverscared4
US millionaire CEOs saw 29% pay raise while workers’ pay decreased – report
Workers saw 2% decrease as companies gave leaders bonuses and forgiving performance benchmarks amid pandemic- There’s so much inaccuracy and false equivalence in this it’s terrifying. This is not credible or even noteworthy.Morning_star
- prove them wrong and show us some numbers then morning...or just stfu up.neverscared
- your comment has zero substance without showing the inaccuracy.neverscared
- Ok, for a start most CEOs renumeration packages are based on the previous years performance so comparing 2020 CEO bonuses with 2020 median salaries is...Morning_star
- ...misleading.
Median salary is a completely arbitrary figure and will range wildly depending on what the company does, how many people it employs and at...Morning_star - ...what level of seniority they choose to include or not.
There is no 'control', the report cherry picks the worst possible business performances and lowest...Morning_star - ...median salary and portrays them as a reflection of the 'problem.Morning_star
- This is a lesson in how to manipulate basic information to create a bullshit headline and promote an idealogical agenda. Grow up.Morning_star
- "based on previous years performance", that's arbitrary, too. Stock price? Revenue? Bottom/top line?formed
- This is where capitalism fails. It rewards paying employees as little as possible, leveraging as much out of them as possible and pumping up stock prices.formed
- Then the CEO makes criminally large numbers saying how "successful" the company is based on the stock price.formed
- I play the game and profit from those stock prices, but to say it's not criminally disproportionate and a real problem is sadly naive.formed
- The wealth divide will cause a reckoning in the not-too-distant future.
Thankfully, CEOs are not getting approval for their ridiculous pay as much as before.formed - 'Based on the previous years performance' IS arbitrary and depending on the bonus structure the CEO has agreed with board it can manifest itself in a myriad...Morning_star
- median salary is def. not arbitrary number...what´s this a kindergarten?neverscared
- ...ways. Which is another reason why this article is valueless, CEOs strike massively variable ways to receive bonuses. Some ofset them against pensions...Morning_star
- ..., options on stocks, offshore investments, they may not receive these bonuses for years.
It may be disproportionate but how on earth would you control...Morning_star - ...Executive renumeration?Morning_star
- @neverscared, would care to explain? I understood that the median is the middle value in a range. So, depending on how many people and what range of salaries...Morning_star
- ...are included will skew the median number arbitrarily. No?Morning_star
- its not arbitrarily, it´s the lowest ... so to illustrate the two poles... how anyone thinks that idealogical is beyond me.neverscared
- Just so there’s no confusion. The median number in a group is the middle number. If you take the numbers 1 to 5 the median is 3. The arbitrary factor is all...Morning_star
- ...of the variables. The groups of salaries used are defined by the report writers and manipulated to prove the point they want to make. The data set is...Morning_star
- ...skewed in favour of the lowest salaried workers. The group selection is not consistent and is engineered to support a pre existing conclusion. The think...Morning_star
- ...tank that produced this report has an agenda they want to further publicly using the press. That agenda is ideological.Morning_star
- nopeneverscared
- its not skewing anything.. their intentions is to show how the richest get more rich and the poorest get more poor...that´s not ideological that´s numbers.neverscared
- it´s the opposite of arbitratry ...it´s specific !neverscared
- "their intentions is to show how the richest get more rich and the poorest get more poor"... I think you made my point brilliantly, thank you.Morning_star
- my pleasure ! so your arbitrary statement is is horseshit..neverscared
- Look, we seem to be talking passed each other here. You are right in that the median number is fixed and specific, my point is that the data sets used are...Morning_star
- ...defined by the think tack to magnify and illustrate the agenda they are promoting. In that sense the median is an arbitrary number they've decided on...Morning_star
- ...rather than using an unbiased approach. They've fixed the figures to prove their point.Morning_star
- If you compare the median before and after, how is that not using an "unbiased" approach? What's your "unbiased" solution?formed
- My 'unbiased' solution would be to not compare things a that aren't comparable.Morning_star
- NBQ000
Remember when Bill Gates said he‘d give away 90% of his net worth during his life time? He‘s still sitting on over $130 Billion and never gave away anything substantial.
Also. Bill Gates says no to sharing vaccine formulas with global poor to end pandemic: https://www.salon.com/2021/04/26…
- maybe that's why his wife is divorcing. all talk no action.shapesalad
- He’s given around $45 billion since 1994. Before you attack the Gateses, there’s a long list of terrible people you should bring up first.nb
- That‘s true, nb if indeed the case.NBQ00
- Bill continues to make money along with the rest of us in the market. Don’t just count net worth. He’s only 65, he’s likely planning to live 25 more years!nb
- The very fact that he’s divorcing now tells us that they both feel they have a lot of life ahead of them.nb
- "First rule of investing: pick one early partner and give them your all" or some shit like that...while both Gates and Bezos split in the course of 2 years lolgrafician
- "Second rule of investing: marry into wealth" lolgrafician
- Pretty sure one could argue he’s given away more money than most people ever. Weird how that works. Also, he’s still very alive so we have a real thinker here.monospaced
- utopian2
fter scarfing up a whopping $12 billion public bailout for JPMorgan Chase, the bank’s CEO, Jamie Dimon, wants an itemized list of expenditures the Biden administration has in mind for a corporate tax increase.
“Just throwing money ... doesn’t work,” Dimon said in a taped interview posted Thursday for the Investment Company Institute’s general membership meeting. “We already waste tremendous sums of money,” he noted, referring to President Joe Biden’s infrastructure plan.
- PhanLo11
L O L
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- Lolol as ifnb
- But then how would borderline psycho's get jobs where they can steal, pillage and rape?shapesalad
- "Brain is the most important organ according to the brain"drgs
- People haven’t even figured out what makes a good (effective, successful) CEO. Best of luck automating that!nb
- DAO will replace themzaq
- AIi_was
- Ai will never be capable of replacing the human ego.utopian
- lol, ego is a human dysfunctioni_was
- I fear remote working has exposed some redundancies within traditional management structureswhatthefunk
- Facebook was the first company to do thissarahfailin
- utopian2
- This is meaningless and designed to outrage the simple minded proles.Morning_star
- Projectile6
- Fair enough.palimpsest
- For real, this is EXACTLY the problem with capitalism. This joke will be used for fun a dozen times and then spend 500 years in the ocean choking fish.nb
- @nb, serious question: which system of economics would you suggest we adopt to solve the issues you think capitalism brings?Morning_star
- Capitalism is the fuckin' best, commie swinesbabydick
- You have to refill the dinosaur like every 2 minutes?drgs
- ^ yes, you do, but it's worth the cool factorKrassy
- must be deep because it's asking a question on the internet. you're a boring fuck, go home and burn everything you own and never touch a keyboard.sted
- commies lack imagination and they have no humor..... bring back blacklists for actors, artists and screenwriters.neverscared
- after you died alone in a cave, I'm going to give you the dignity to bury you, and eat nachos from this masterpiece on your grave.sted
- whoa whoa whoa I didn't say I had a solution or that capitalism wasn't the best idea we've got! Just explaining this, as the graphic asked me to.nb
- I'm with capitalism. Proof just a few posts ago in this very thread: https://www.qbn.com/…nb
- elonsmusk uses this set i heard.neverscared
- @nb, fair enough. :)Morning_star
- nb i hope you learned your lesson. Capitalism is a single monolithic entity that rules over us, is forged in the image of man and thus can not be improvedkingsteven
- that, or it's a term or its a pseudo religious catch-all for a bunch of contradictory economic theories drummed up to make catholics look badkingsteven
- palimpsest5
Capitalism Starter Pack
- The last time I checked...dinosaurs went extinct.utopian
- Lies, all lies.
Don't get me started.palimpsest - @utopian Denver was a liested
- Denver was presented as "the last dinosaur" by the illuminati. They were testing the acceptance of dinosaurs not being extinct to the gen. public.palimpsest
- It was a failed experiment, people only adapted the rad colors and disregarded the truth that was offered to them.palimpsest
- Morning_star1
Hold on to your hats socialists, this one's gonna give you mind drift.
- no plastic wrapped GMO food for you commisuan
- This post gave me alienation.palimpsest
- shapesalad0
Would you rather be the poorest person living in a super rich neighborhood *or* the richest person (relative terms) in a super poor neighborhood?
- Poorest in rich ‘hood, of course. NEXTnb
- this logic underestimates my commitment to being poorkingsteven
- bought our house with cash and now i work 2 days a week. but here its totally different than england... low crime, people have more expendable incomekingsteven
- NBQ002
Lionel Messi makes over £2 million per week for kicking a fucking football and running around.
What has this world come to?
- who?nb
- He spent years of training to be the best at this thing? Spend decades doing something really good and you will be rewarded the same. Simple.grafician
- Even if he’s the best and so good at it does it justify that he earns £2M per week! Not month not year, peer week!NBQ00
- Sports or entertainment are very important to distract the masses from the real problems, so yeah, the price is justified.grafician
- Usain Bolt earned $30M+ for just 3 minutes or running in total https://www.youtube.…grafician
- Provide a product or service for which there is great demand and you too can make mad money.MondoMorphic
- NBQ00-2
The “catch me outside” girl (also known as Bhad Babies) that gained fame when she first appeared on the Dr. Phil show just made $1M in only 1 day on OnlyFans: https://www.instagram.com/p/CNJU…
Who are those idiots paying for this crap. She didn’t even show any nudes. Wtf.
- Damn autocorrection, should be “Bhad Barbie”NBQ00
- And she has 17M+ followers on Insta. Stop making stupid people famous and rich.NBQ00
- who?drgs
- i am ashamed i know who this isrenderedred
- we live in really stupid times.utopian
- Is she at least hot?MondoMorphic
- Not in the slightestscarabin
- She didn’t show anything more than what she shows on her insta. Who are these morons making idiots rich.NBQ00
- "I wonder why she's popular?"
* posts about itGuyFawkes - NO NUDES?! OUTRAGEOUS!pango
- shapesalad1
- From what I've read, it was more like $70-80B as he leveraged several major banks. Credit Suisse was just the one who didn't sell on time and lost $3B or so...grafician
- Anyway, imagine having $2-3B fortune and wanting more...with all that happens in the world, that's just insanely greedy smhgrafician
- Is there a free full article/ story about this online?NBQ00
- Imagine having a two bedroom apartment, making $80k/year and wanting more. We’re all the same.nb
- nbq00 - google 'Bill Hwang' loads of articles.shapesalad
- https://edition.cnn.…grafician
- now he's back to being middle class? or he's in jail? no, never the latter.sarahfailin
- https://www.youtube.…grafician
- zaq4
A new billionaire every 17 hours
The coronavirus pandemic didn't hurt the market of the superrich. Indeed, a new record was reached in April 2021, with 493 new billionaires worldwide. At least 40 of them made it because of COVID-19-related products.
- Gawd Bless Murica.utopian
- And Gawd Bless China and Germany... but why bother reading? <3PonyBoy
- Plexiglass isn’t cheep and supply got out everywhere without much shortage. Guess you can thank capitalism tor that.BabySnakes
- sooon...
https://upload.wikim…inv - Alas nobody from QBN, except BennnNBQ00
- thats why i dont visit you often lately, iam too rich for y'all, peasants!Bennn
- PonyBoy, people don't let facts get in the way of a narrative.MondoMorphic
- utopian0
Activision Blizzard CEO Bobby Kotick is due to receive $200 million, according to an investment group, after dozens of employees in the company suffer layoffs.
The CEO of Activision Blizzard — the company known for creating some of the most popular titles in video gaming history like Call of Duty, Diablo, Candy Crush, and World of Warcraft, and not paying any taxes in 2018 — is receiving serious scrutiny after 50 of his employees were laid off on Tuesday, Kotaku reports.
While sacked workers figure out how they will get back on their feet again during a pandemic, Bobby Kotick is set to receive a gigantic amount of money in stock bonuses to the tune of almost $200 million, according to the CtW Investment Group.
- 50 employees doesn’t seem like much for this companynb
- Am Iwrong?nb
- What do you do with 200 mil?omahadesigns
- You blow it on NFTsNBQ00
- zaq3
Ethereum Now Races Toward Becoming The Foundation Of A New Global Financial System
- grafician1
"9 billionaires gained $360 billion in the pandemic
Bezos: donated 0.3% of pandemic gains to charity
Musk: gave 0.004%
Zuckerberg: gave 0.4%
Gates: gave 7%
Brin (Google): gave 0.3%
Page (Google), Ellison, Ballmer, Dell: 0 known donations"- It's pretty pathetic, particularly Bezos.
Zoom CEO gave away 6 billion....formed - Dorsey gave away 28% of his net worth, along with numerous other donations.formed
- greed is always good.utopian
- What do they do with it all?omahadesigns
- It's pretty pathetic, particularly Bezos.
- NBQ005
- this is why we need smart people in government, to help make solutions to things like this. And there are a lot of smart people with ideas for things like thisdkoblesky
- https://www.youtube.…GuyFawkes
- would you sign a contract for 10 years?sted
- Credit is a ma' fucka', eh?ideaist
- To be fair the banks don’t want to take any big risks right now. If you can’t get approved for a loan that small you are doing something wrong.monospaced
- New stats say that to buy an average house you would have to earn 35k Swiss Francs per month. Guess I'll keep renting then.Longcopylover
- You don't make 35k swiss francs per month. What?NBQ00
- I know, I'm a working poor I guess.Longcopylover
- $1400 a month gets you a pretty nice apt. in this town. $950 gets you a shitty house unless you put +50% down on a house.fooler
- Something tells me Kat shouldn't be buying a house right nowFNP14
- ^ hahaGnash
- Rent should only be for folks looking for a short term commitment, which should equate to costing a more than a long term commitment.aliastime
- National cultures are different, aliastime - in Europe, renting is much more common and accepted. In Britain and the US, less so.Nairn
