The whole point of capitalism is voluntary monarchy. Where peasants have to waste their time doing random things to extract productivity from other peasants for the benefit of the select few. And when things go bad for the business, guess who is not getting made redundant?
This year has seen significant changes in CEO turnover. In the first quarter alone of 2024, outplacement and career transitioning firm Challenger, Gray & Christmas reported that 622 chief executives announced their resignations. This represents a 50% increase compared to the first quarter of 2023, which was already a record year for CEO exits.
The surge in departures seen earlier this year can be attributed to the evolving business landscape, retirement of Baby Boomers and increased pressure on CEOs to navigate complex issues, including inflation, supply chain disruptions, and environmental, social and governance concerns.
CEOs packages mean they don’t need to worry about actually how to pay their rent/mortgage. What do workers get? Few months severance for decade of work. Wake up and see the numbers.
You said CEO’s don’t lose their jobs, if you paid attention to business news you’d know they lose them all the time
Also OBVIOUSLY it’s a drop in the ocean, there are simply less CEO’s than regular workers, that’s also why they are higher paid, because there is more demand for their skills
CEOs packages mean they don’t need to worry about actually how to pay their rent/mortgage
You’re thinking specifically of high paid CEO’s yeah? Obviously not thinking of small to medium businesses
According to the latest statistics on the percentage of businesses that fail in the United States, we see that of the 733,721 new businesses that were started in 2018, more than one-fifth (20.6%) closed in 2019, after just one year in operation.
The percentage of businesses that fail increased to 31.3% in the second year (2020) and 37.9% in the third year (2021). In other words, fewer than two-thirds of the businesses that started in 2018 remained in operation three years on.
In their fourth year (2022), 42.7% had shuttered and by the fifth year in 2023, the new business failure rate reached 48%. These numbers show that only around half of the businesses that started in 2028, or 381,337 of them, to be exact, were still surviving half a decade on.
It’s a brutal business the business business
What do workers get? Few months severance for decade of work.
So same as any other CEO, except usually even less if the business goes bust under your leadership
Wake up and see the numbers.
If being a CEO is so fuckin incredible it sounds like you should stop bitching and start attending a few management courses eh?
You are missing the point, capitalism promotes redistribution of wealth only one way. And newsflash, its not the way towards those who actually perform useful function instead of fucking about golf courses and dinners. If the wold looses all CEOs, we won’t notice, if the world looses refuse collectors, you end up with Birmingham https://www.bbc.co.uk/news/articles/cdjg07xvnnjo
It’s a brutal business the business business
Perhaps then its time to move away from this moronic system towards something that actually cares about people?
Care to elaborate on your understanding and reality of how capitalism functions?
The whole point of capitalism is voluntary monarchy. Where peasants have to waste their time doing random things to extract productivity from other peasants for the benefit of the select few. And when things go bad for the business, guess who is not getting made redundant?
who doesn’t get made redundant?
People making company driving decisions, aka CEOs
ceos lose their jobs all the time
This year has seen significant changes in CEO turnover. In the first quarter alone of 2024, outplacement and career transitioning firm Challenger, Gray & Christmas reported that 622 chief executives announced their resignations. This represents a 50% increase compared to the first quarter of 2023, which was already a record year for CEO exits.
The surge in departures seen earlier this year can be attributed to the evolving business landscape, retirement of Baby Boomers and increased pressure on CEOs to navigate complex issues, including inflation, supply chain disruptions, and environmental, social and governance concerns.
https://www.forbes.com/sites/jackkelly/2024/08/19/ceos-facing-job-insecurity-like-workers/
Drop in the ocean, Microsoft alone is letting go of 6,000 people https://apnews.com/article/microsoft-layoffs-d1f2de54ebad6f099deac8fbd3375835
CEOs packages mean they don’t need to worry about actually how to pay their rent/mortgage. What do workers get? Few months severance for decade of work. Wake up and see the numbers.
You said CEO’s don’t lose their jobs, if you paid attention to business news you’d know they lose them all the time
Also OBVIOUSLY it’s a drop in the ocean, there are simply less CEO’s than regular workers, that’s also why they are higher paid, because there is more demand for their skills
You’re thinking specifically of high paid CEO’s yeah? Obviously not thinking of small to medium businesses
It’s a brutal business the business business
So same as any other CEO, except usually even less if the business goes bust under your leadership
If being a CEO is so fuckin incredible it sounds like you should stop bitching and start attending a few management courses eh?
You are missing the point, capitalism promotes redistribution of wealth only one way. And newsflash, its not the way towards those who actually perform useful function instead of fucking about golf courses and dinners. If the wold looses all CEOs, we won’t notice, if the world looses refuse collectors, you end up with Birmingham https://www.bbc.co.uk/news/articles/cdjg07xvnnjo
Perhaps then its time to move away from this moronic system towards something that actually cares about people?