In some industries – admittedly not all – the executive to employee pay imbalance is in Louis XIV territory, and the peasants are actively rattling the cage doors for their slice of cake.
For instance, while the UAW demands seem insane, greedy, and self-defeating on their face, when you look at them in relation to what they’re paying, say, the insipid head of GM (Her 2022 compensation comes in at a paltry $28,979,570 which, if you can believe it, meant she made a little less than in 2021.)? You have a sense of where the anger may be coming from.
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