phd514 · HackerTrans

Fair question and I don't think there are easy answers to the problem. I think the actions you suggest tend to result in a market environment like Europe's where there are more regulations but businesses are generally less competitive than US businesses and wages tend to be lower than in the US.

phd514

昨年議論

I work for a mid-sized, publicly-traded tech company that has been inching towards profitability but the last couple quarterly earnings results have been disappointing (and rank-and-file bonuses were slashed to 25% of target) and the company had its first-ever round of layoffs last October. The CEO's last two years of comp were $20M and $10M which is obviously completely incongruous with the size, profitability, and stock performance of the company. It seems that there is a distortion in the market forces around executive compensation that functions in a similar way to venture capital -- investors are willing to pump outsized cash amounts into either funding rounds or executive comp since the occasional home run can result in stock returns that cover losses in other companies. It seems inefficient and certainly demoralizing, but I would prefer that solutions to the problem were driven by market forces and innovation rather than regulation or employee backlash.

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