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Employee asks if it's fair for CEO to make more money in an hour than all employees combined

A CEO of a company who earns $186 million in a year makes an employee wonder if it's okay for him to make so much money.

Employee asks if it's fair for CEO to make more money in an hour than all employees combined
Representative Cover Image Source: Pexels | Yan Krukau; Reddit | u/Puzzlehead12342

The leaders of any company earn way more than its regular employees who are doing the groundwork. It ignites a sense of resentment in regular employees when they are denied pay raises, but the CEO and superiors continue to thrive on their fat paychecks. u/Puzzlehead12342 revealed in their Reddit post that the CEO of their company makes 186 million dollars and makes more money in an hour than everyone's annual income in a year at the office. The worker wonders whether it is fair to pay him the enormous sum and turns to the Reddit community for their opinions.

Representative Image Source: Pexels | Andrea Piacquadio
Representative Image Source: Pexels | Andrea Piacquadio

The employee shares how the CEO has been in that position for only a year and a bit longer and the previous CEOs never received this type of annual compensation. "He has made decisions that have run this company into the ground, like wildly overbooking us. So, he gets to make more money in an hour than I do in an entire year. He makes more money in an hour than 99% of people at all the locations in the company make in a year," the post reads. It is a sign of messed-up capitalism and despite being part of Teamster, one of the strongest work unions in the country, the employees could only secure a 4 to 5% salary raise after a negotiation.

"I work for the union as a representative too, so I believe in collective bargaining, but this is pathetic how little our union and the company do for us. I mean, I never expected much from the company, to be honest, but the union's repeated failures have hit me hard," the employee laments. "Just to give you some context about money, this company made close to 10 billion dollars last year, one of their best years ever. Hundreds of millions, if not billions, of dollars in net revenue. They still say there is no money for quality raises. But we have enough money to pay our CEO an ungodly amount of money to make bad decisions."

Representative Cover Image Source: Pexels | Khwanchai Phanthong
Representative  Image Source: Pexels | Khwanchai Phanthong

Not only that, the company doesn't even treat their customers well because of how greedy the association's executives have become by overbooking their services by 10% margins. There are times when customers book for their services, pay them and receive their services late. The employee further writes that the company doesn't care about their customers because the industry in which they work is not saturated with competitors and their company, along with two others, owns 30% of the market and the services they provide.

"I am trying to organize my people to vote no in this upcoming negotiations. The company constantly treats new people badly, so we barely have anyone stay around long enough to figure out how things are. Also, people are terrified of losing what little good we have. The union doesn't inspire confidence and often says scary things about striking. Even worse, our union representative said last negotiations if we vote no on this negotiated offer it means 'we strike immediately and everyone is getting fired, are you ready for that?'" the post concludes, as the employee expresses their dissatisfaction over how their union and company is failing them. People in the comments sympathized with the employee and some even had suggestions to pitch in.

Image Source: Reddit | u/SkyBaby218
Image Source: Reddit | u/SkyBaby218 

u/digitaldigdug shared, "Over in Japan when the Nintendo Wii U console failed, there were no layoffs. The CEO, Satoru Iwata, personally took a 50% pay cut to avoid mass layoffs. Now if that doesn't show care, accountability and empathy for those who work with you, I don't know what does." u/shapeofthings wrote, "People need to start booing them, stop hero-worshipping them, humiliate them, don't give them the time of day, ignore them, treat them like the vile selfish scum that they are." u/communeswiththenight added, "And so many people will justify this and assume he just works harder than the rest of you. It's astounding."

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