Activision Blizzard CEO Nets HUGE Bonus After Mass Layoffs

[Pemalite]

Rab said:

Hope you realise you just spewed out some serious BS, CEO's in the past didn't earn hundreds of times the average workers wage, now they do, real wages for workers has remained almost stagnant in years, the disparity is getting larger, "free" to also get those same jobs and earn that money, really that's a joke, almost no one is "free" to be in that position of privilege :/

It's an issue

https://www.news.com.au/finance/money/wealth/nationwide-protests-planned-as-backlash-over-exorbitant-ceo-salaries-grows/news-story/8002afd30c2ea8b6eb4e4e3b5ee9d71b 

 

Nah.

Peh said:

LMAO, people deliberately misunderstand your point.

I think you made it clear in the context of what is being discussed here. But some just want to move the discussion somewhere else and ignore your point completely.

Yes, some companies see it as something normal. It's a disgusting gesture to the people who have been fired.

For some companies it is normal because some work is seasonal.

benji232 said:

Pemalite said:

It's not defeatist.
It's called turning it into an opportunity to use that work experience to open up new opportunities, it's turning it into a positive, not a negative.

You are being a dippy downer about it all, gotta' stop the pity party train and catch the next bus at some point in life, we all eventually do it.

benji232 said:

IT'S a plainly obvious problem if a CEO is allowed to make 200M$ from a bonus payment while his employees are all making peanuts. If you can't see the problem with that, then I don't know what to tell you. Obviously, I'm not saying everyone should be paid equally, but there is a fine line between being paid equally and being paid literal crumbs compared to the ceo. 

Point blank is NO one deserves 200M$ from a bonus. The fact that so many ceos DO get those grossly huge overpayments is proof that the current system is broken.

That's capitalism.
It is what the market (Job market is a market) is willing to pay for that particular skillset and experience.

If you wish to make $200 million from a bonus, you are free to work yourself up the ladder and offer a compelling equivalent resume in terms of qualifications and experience that would offer such an opportunity.
If you don't wish to do so, then don't hold others back due to your own lack of motivation or desire or force your ethics onto others.

Otherwise, why would anyone bother to strive to succeed in certain fields if we are all paid the same? It's an incentive. Money makes the world go round.

Thanks for the Macro class 101, anything else you want to teach me? You taught an economics PHD student a whole lot!

Have you ever heard of a certain concept called externalities that can cause distortions in the market equilibrium leading to inefficient market equilibrium wages? 

Do you want me to link you to a few research papers so that you can perhaps educate yourself a bit more before making a fool out of yourself?

The system is broken, and me pointing it out doesn't mean I'm some lazy ass who refuses to work. The only lazy person here is you for thinking 101 economics fundamentals was enough for justifying your dumbfounded argument.

Edit: Here is a research paper talking a bit about the diminishing marginal utility of wealth: (PDF) The Value of Behavioral Economics for EU Judicial Decision-Making (researchgate.net)

Something I have learned in fire and rescue is that... Just because you have a "Piece of paper" that says you are "Competent" at something, does not equate to you being "Proficient" at something.

However your qualifications or intellectual fortitude was never placed into question, so do not question mine... And as you have no idea what qualifications I have, they may exceed your own anyway. - Nor did I delve into ad hominem in order to undermine your position, but there you go.
Plus I never asserted that you were lazy or refused to work, I merely stated we should not hold others back to strive towards earning big money.

The EU is a very different job market to the one I am currently engaged in, so I cannot speak on the behalf of the EU and what is happening on the other side of the planet.