Why ceos make so much money reddit

Make sure to read the rules! This subreddit is for asking for objective explanations. It is not a repository for any question you may. LI5 means friendly, simplified and layperson-accessible explanations — not responses aimed at literal five-year-olds. Perform a keyword search, you may find good explanations in past threads. You should also consider looking for your question in the FAQ. There is no «typical» week, as my job is a non-specialized function. Thus, I typically spend my time working on X see belowplus facilitate rerdit on whatever critical issue has been escalated to my level. I say «facilitate» instead of «make» because sometimes I’m not the best person to make a decision, but instead I push people to sharpen their thinking, confront ambiguity, etc, in order to render a decision, especially on tough issues. X is defined as an always-varying combination of 1 things in my key areas of personal strength, 2 areas where, especially kake a small company, we have not yet hired key people to lead that area but which still need to be done, and 3 areas where quality of execution is not sufficiently developed to achieve key strategic aims. In 2 and 3, potentially none of those areas may lie in my own areas of personal strength.

Explore the many benefits of having a premium branded profile on Glassdoor, like increased influence and advanced analytics. Mission: To bring community and belonging to everyone in the world. Helpful 9. Reddit is solving hard problems peer companies like Facebook, Twitter, and YouTube are solving with only a fraction of the resources. The fact it is not only surviving but thriving is a testament to its unique model of community. There continues to be a buzz in the building on what Reddit can achieve but the rapid growth has put a strain on what old and new employees alike believe to be the path of connecting the world with authenticity at its center. I feel that strain can be a positive one if you’re lucky enough to be on the right team but totally destructive if you have the misfortune of being on the wrong one. Chaos and opportunity are two sides of the same coin. If you’re looking for certainty this might not be the best place for you but if you’re open to some risk I honestly have a hard time imagining a company with a higher ceiling when it comes to social impact and business in Silicon Valley and beyond. Sometimes it can feel a bit much. Like everyone has too much of a voice but getting rid of that breaks the culture of community, ownership, and shared purpose. Find the answer to these three questions: 1 Is there a way to organize chaos? How do we inject the spirit of Snoosweek throughout the workweek.

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Helpful 5. I applied online. The process took a week. I applied for the position and received an interview request within 1 business day. The interview was scheduled to be 2 days later and was standard, some basic questions covering experience and interests. I was told I’d be a good fit for the position and that I can expect to hear back within business days. Another week passed, I sent another follow-up email, but still did not receive a response. Pretty frustrating, but safe to say I was ghosted by the recruiter. Come learn about one of the most important skills you need as a data scientist!

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Send this to a friend Your email Recipient email Send Cancel. The real nightmare will be when the public sees the numbers, which will illuminate just how egregious the U. It is completely free to register. Ranked as the fourth most visited website in the U. Partner Links. As you found this post useful Meanwhile, American workers are taking home less in real weekly wages than they did in the s. Reddit is a social discussion forum, a news aggregation site, and an online content rating platform which gained popularity in Vote count:

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Related Articles. Being a part of redditgifts is being a part of something huge and magical. The real nightmare will be when the public sees the numbers, which will illuminate just how egregious the Makke. As already said, Reddit is a community of people by the people. Vishnu Roshan. Started in as the largest Secret Santa program in the world, Reddit Gifts is an online gift exchange event where complete strangers randomly matched by Reddit, with Reddit accounts as their only common factor, exchange why ceos make so much money reddit with one kuch on a marked day. January 19, The larger issue of growing inequity in the Western world is a tough one to tackle; the forces reddif globalization that have led to stagnating wages aren’t going to disappear. The non-obnoxious ads—flash and auto-play ads are banned—have earned Reddit the right to be automatically whitelisted by the popular AdBlock extension for Google Chrome. On the other hand, U. Reddit has been selling ad space since Weekly magazine, delivered Daily Newsletter Website access. Reddit Business Model.

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One of the most startling things about the post-crisis landscape is how tone-deaf the wealthiest Americans remain to outrage over their Croesus-like pay packages. The award for complete obliviousness would have to go to Blackstone cofounder Stephen Schwarzman, who earlier this summer compared government attempts to raise taxes on financiers such as himself to Hitler’s invasion of Poland.

Silver medals should certainly be handed out to the many executives and corporate lawyers who were grousing last week about the new Dodd-Frank bill, which includes a rule requiring companies to disclose the difference in pay between their chief executive and their lowest-level workers.

It would be a «logistical nightmare,» these titans of industry wailed, for firms to compile this information. Well, maybe, but if you issue pay stubs, surely you can tally them up and perhaps keep a few more workers on board to do just.

The real nightmare will be when the public sees the numbers, which will illuminate just how egregious the U. While CEO pay is indeed down from its pre-crisis highs init’s still double what it was in the s, and eight times the level in the s. Meanwhile, American workers are taking home less in real weekly wages than they did in the s. So much for the idea that the financial crisis would somehow even things up by wiping out a good chunk of the paper wealth of the plutocrats. Indeed, stock prices have surged so much since last year that many CEOs, who receive a good chunk of their pay in equity, are wealthier than ever.

Such facts are inevitably followed by the impossible-to-answer question, do they deserve it? While the corporate world has certainly gotten more complex over the last 50 years, it’s hard to make the case that CEOs themselves have gotten any smarter, or that investors are doing a better job of judging a CEO’s success. Compensation levels are all too often driven by short-term thinking. The CEOs of the 50 firms that laid off the most workers since the onset of the economic crisis took home 42 percent more pay in than their peers did—largely because cutting workers boosts short-term profits and appeals to Wall Street.

Yet a growing body of academic research suggests that downsizing doesn’t always lead to increased profitability over the longer haul, or even lower costs. While one can argue the merits of layoffs on a company-by-company basis, what’s striking is that the executives who are the most willing to ax workers also seem to be the least likely to tighten their own belts.

Management guru Peter Drucker once noted that after CEO-to-worker pay ratios went above 25—1, major moral questions started to be raised. It will be hard to make employees believe that «we’re all in this together» when it becomes clear in public documents that company leaders have largely insulated themselves from any financial risk. The larger issue of growing inequity in the Western world is a tough one to tackle; the forces of globalization that have led to stagnating wages aren’t going to disappear.

But executive pay could be made fairer and more transparent. For starters, corporate America might take a page out of the European playbook. In countries like Germany, which boasts many of the world’s most competitive and productive companies, worker representatives often sit on corporate boards, providing a check against bloated pay packages.

On the other hand, U. That’s why politicians might consider getting rid of tax rules that let companies write off unlimited amounts of corporate compensation. And whatever arguments there might be about the complexity of the Dodd-Frank rules, the notion of publishing pay numbers is a good one. If nothing else, it could be the starting point of a conversation in which America’s business leaders explain, to their shareholders and to the wider public, exactly why they need so much money to get the job.

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