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  #1  
Old 27-02-19, 04:21 PM
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CEOs of Activision and EA Named Amongst the "Most Overpaid" in the US

Both get paid over 300x as much as their average employee.



Read more about the CEOs of Activision and EA being named amongst the most overpaid in the US.

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Old 27-02-19, 07:26 PM
Jaxel Jaxel is offline
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CEO compensation is based on supply and demand. Basic value propositions.

A burger flipper working for $10.25 an hour is replaceable. There is always someone else available to work that job. But a CEO who can run a fortune 500 company, and post record breaking profits? Those are rare. As such, the companies pay them richly, lest they leave the company for greener pastures.

Bobby Kotick and Andrew Wilson may be proverbial douche-bags, but they brought their companies record breaking profits. This article marks the basis of their "overpaid" status based on the average wage of the worker; not the actual amount of value they bring to their company.

This is reflected on the fact that the shareholders of these companies continually approve raises to these people with overwhelming support. The value these CEOs bring them far exceeds the value the lowly unknown and unnamed QA tester brings to the company.
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Old 27-02-19, 07:51 PM
tgrech tgrech is online now
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That's a very old and tired argument that's quickly running out of steam as the area gets more research, these talking heads are often just as likely to be boardroom parasites as they are to be genuinely valuable CEO's with performance of many large companies being dependant on a wide variety of factors & decisions made further down the chain rather than the decisions made by someone too detached from the day to , recently we've seen large companies like Uber ditch their CEO, CFO, CMO & COO in order to bring stability to the company & there's growing research in favour of salaray ratio caps in order to not just improve a companies finances but also performance due to the impacts on worker morale that comes from the workers not having their hours devalued by the pen pushers. CEO pay has grown 90 times faster & higher than worker pay over the last few decades & is a major contributor to the perceived economic & social class divide in many western nations leading to uncertainty in politics across much of the developed world, a divide that has most recently given us Brexit & Trump amognst the rise of far right parties in Europe & more.
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Old 27-02-19, 08:59 PM
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AngryGoldfish AngryGoldfish is offline
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Yeah, I don't quite buy the whole, 'a great CEO will take a company from rags to riches.' A great selection of staff members from all levels can bring a company from rags to riches as well, but their salary is disproportionately lower. It's almost like there is an arbitrary high salary for a CEO, as if part of an unwritten code of the workplace. Like a footballers salary. It's like the club's all agree in unison without ever saying so that, 'hey, there's money coming in so where do we put it?' And it gets put in the footballers bank accounts. I know that's quite a simplistic and ignorant way of looking at things, but I don't understand some things. I guess I'm just thinking out loud.
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Old 27-02-19, 09:23 PM
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demonking demonking is offline
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Who you know is also a very important part. A CEO of a previous company i worked for was the son of a lord, he got his position not from hard work or right time and right place but simply being born entitled. On the flip side of that all the big businesses wanted to do business with him, I mean royalty is the only one step above which he had connections with. being able to influence the law and having people in high places to bail you out if needed is a great way to open doors.
Fully agree on the class system, ivory towers are popping up all over the world. What they need to remember is that the working classes have revolted several times in history and will again, maybe in our lifetimes.
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Old 02-03-19, 05:39 PM
Jaxel Jaxel is offline
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If you don't like it, don't work for that company. Don't buy from that company. But you're sorely mistaken if you don't think the fact that he is royalty brings a great deal of value to that company... and the company will pay him richly for that access.

Working classes have revolted in the past because in communist/socialist/fascist societies, there is no way for someone in the working class to excel above that class. But in a capitalistic society, there are many avenues for a worker to become a business creator. Capitalism has brought more people out of poverty in the past 100 years than any economic system in the history of the world.
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Old 04-03-19, 07:20 AM
Warchild Warchild is offline
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Interesting addition to blizzard.

* They higher CEO with $15million sign on bonus

* Lay off 8% of work force, approx 800staff as a "restructuring and reorganization plan. Regardless of their record revenue to date.

* State to investors that all the performed steps above could still lead to negatively impacting their business.

https://www.eurogamer.net/articles/2...t-its-business

I just really hate the idea that enough is never enough. When you are pulling in record profits, in a world of over 8billion people. And a gaming industry so cut throat that finding a new placement is hard. To lay off 800 staff because you want more is absurd. You can spin it any way you want, the fact is, they want to cut costs starting with salaries.

Same thing happened with us last year. Our company instantly targetted Norway because we earn too much. Never mind we have the most profitable network in the company group and the most experienced engineers and managers of all hence the success. 300 jobs cut, while we learn that upper management got a healthier bonus for managing to make the cut in a short space of time...

And before someone jumps in with another "dont like it, then leave" The mobile industry is tiny. CS network is being cannibalised in favour of IoT and PS data meaning its hard to find another placement without changing country. Besides, I like my job. I just hate how my colleagues have been treated.
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Old 04-03-19, 07:41 AM
tgrech tgrech is online now
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I went to reply to Jexel but I couldn't really find any bit with a basis in reality, the idea someone should throw away their source of food & shelter because they view some of their employers operations as problematic is obviously ludicrous, as is the idea that working class revolts don't occur in feudal/capitalist societies (In fact pretty much all of them were in these societies and the very concept of working class was born out of capitalism). The modern concepts of working class, communism, socialism ect were all theorised in Manchester in response to the working conditions during the first industrial revolution, in many ways this was the birth of modern capitalism as well as the birth of modern socialism (As of course thesse terms relating to class conflict were first coined by Karl Marx while working in the factories here in Manchester). The idea that there isn't still clear signs of class conflict here in Manchester or in any other working class city in Britain is crazy, the last violent clash's we had were in 2011, the last clearly politically motivated clashes in which the government initiated direct organised violence against working class people for their political views was 1985 (Battle of Orgreave, an event that even our current government has gone to extreme lengths to continue to try to cover up the devastating reality). In the part of Greater Manchester I'm from, the life expectancy is lower than that of the Gaza strip, and there's certainly no shortage of unrest, political or otherwise, as there has been for the last 150 years. To claim that people being lifted out of poverty is as a result of anything but the continuation of human progress is a real stretch, pretty much all aspects of modern science and technology that changed our lives were invented under governments that could not operate a free market (IE wartime nations), many of them claimed to be socialist, many of them were fascist dictatorships, even the UK during its time of major innovation and success during WWII up until the 1970's was essentially a socialist nation in much of its operation, it's only really since globalism & Thatcher in the 70's/1980's the UK has shifted to hard free market capitalism, which is not coincidentally when serious & violent political schisms between the ruling & working classes began to re-occur.

The rise of boardroom parasites went mostly unchallenged during the 70s/80s/90s as they were deemed a fundamental part of modern capitalism, but their pay has never stopped skyrocketing while workers pay has been stagnant for decades in the face of ever rising living costs, now we're at the point where valuable skilled jobs are being cut while these salaries continue to grow shows us these salaries are a consequence of human greed and little more.

If you think the rise of things Donald Trump & Brexit hasn't been from a certain portion of the elite capitalising on working class discontent then I don't know what world you've been living in.
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Old 04-03-19, 07:58 AM
Warchild Warchild is offline
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Quote:
Originally Posted by tgrech View Post
I went to reply to Jexel but I couldn't really find any bit with a basis in reality, the idea someone should throw away their source of food & shelter because they view some of their employers operations as problematic is obviously ludicrous, as is the idea that working class revolts don't occur in feudal/capitalist societies (In fact pretty much all of them were in these societies and the very concept of working class was born out of capitalism).
Yeah I thought the same so wasn't even worth commenting on.
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Old 04-03-19, 08:10 AM
Warchild Warchild is offline
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I still love the fact that Nintendos CEO Saturo Iwata cut his own salary in order to avoid laying off staff during the WiiU issues.

Just proof that it can easily be done if there was loyalty to the employees who keep the companies going.
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