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scotchdouble t1_j5lypd9 wrote

Reply to comment by FlipFlopsNPorkChops in CEO pay has skyrocketed 1,460% since 1978: CEOs were paid 399 times as much as a typical worker in 2021 by sillychillly

This kind of shit should be outright illegal. Cut salaries or have a large layoff? Should be criminal to get a bonus, increased pay, etc. for at least a year following the event.

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UnoKajillion t1_j5noied wrote

Costco ceo cut covid pay (admittedly was a temporary pay) and then gave himself and his cronies a big raise around the same time

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InsaneInTheDrain t1_j5ovw16 wrote

They ended the COVID hazard pay ($2/hr), but increased starting pay by $1/hr and made adjustments across the board

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SUPRVLLAN t1_j5ouwbp wrote

Was that in the US? Costco Canada made covid pay permanent.

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_AlreadyTaken_ t1_j5olnc3 wrote

Blame the boards that give bonuses based on things like cutting costs with no restrictions on it.

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Fausterion18 t1_j5pirmj wrote

I'll take "things that didn't happen for $400".

Salary cuts almost never happen like this, layoffs are preferred.

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