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this post was submitted on 22 Sep 2023
355 points (98.4% liked)
Technology
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"my pay is based ~~on how the company performs~~on how much value we can extract from our own employees."
You and the person that you replied to are both wrong. Her pay is based not on company performance, it is based on how much she can game the stock market by spending capital on stock buybacks to inflate the price and get compensation via her stock options.
Rules were put in place to tax CEO incomes and suddenly CEOs didn't get paid in taxable income anymore, instead they get paid in stock options.
Yeah stock buybacks definitely need to be made illegal again.