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just for reference people... walgreens cannot afford to pay the costs of have a full compliment of their life-saving function of pharmacist...
but the CEO gets 1,500,000.00 per year BASE.
welcome to the united states, where the points are made up and none of the humans matter
I mean, 1.5m is a ton of money, but that's not insane to me for a company with over 9,000 stores
She also received $20M in stock, and $4.
5M in cash as a sign on bonus, as well as free use of a private jet and a yearly salary of $1.5M. CEOs deserve competitive compensation, it isn't an easy job, but that's enough to hire 163 pharmacists at an average of 150k/yr.
Yeah, specifying "base salary" seems pretty disingenuous. It's all about the add-ons.
The base salary is generally a small fraction of a large company’s CEO’s earning potential IIRC
Really what we need to be focusing on is the profit of the company. If the CEO makes $1.5M, sure that sucks but redirecting that to all the pharmacy staff (guessing 27K people) would net them only $55/year extra. Instead, what are their profits as that should be better distributed among the employees.
It's insane. CEO doesn't do work to earn 1.5m. They're just 1 person. No one can do ten people's work.
What argument are you making then? Be very clear, because a CEO making $1.5m base salary per year seems trivial for a company as large was Walgreens. It's much lower than I would've expected TBH
I had to double check that my boozed up vision didn't loose a couple zeros. Fuck CEOs across the board, hell, "C-suite" in general, but 1.5m is about the lowest I've heard for a CEO.
That said, their decisions are generally the real reason to hate on the Cs. The gap in pay is the hate cherry on top.
Edit: I'm reminded that base salary is a pretty lame comparator after reading another comment. Total compensation package is worth taking about.
Just because it's lower than average doesn't mean it's not still too fucking high, don't pretend you're too thick to get that's the point
That really doesn't seem too high to me, in all honesty. What would you think is a good yearly wage for a Walgreens CEO? According to Walgreens themselves, they employ 225,000 people. Imagine we get rid of the CEO entirely and distribute their pay to all of the workers (communism, yay), each Walgreens workers gets an extra... six bucks... per year. That's not really the issue you make it out to be
No one should ever earn that much and that doesn't include the stocks and everything else. Your arguments are defending the corporate elite. Stop being a bootlicker and believing all the propaganda that they deserve that much in pay.
You're begging the question, why should no one earn that much? The $1.5m is a puny salary for that job position. It's not unheard of for medical workers (as in, the workers themselves, not just executives) to earn more than that. I'm not defending the corporate elite, your brain is rotten from too much time on the internet. I just don't understand where the argument that $1.5m per year is some ungodly salary for the CEO of one of the largest pharmacy chains in the country that employs a nearly a quarter million people.
No one needs that much and that doesn't include other compensation that they get in stocks and such. Someone else said after all.of it thru make 20mill. No one needs more than maybe 600k. Even a ceo. They don't deserve that much. Stop being a corporate bootlicker, again bc that's all you're doing and it's gross.
Actually it's not. Bc thats basically what they're asking for, but they need pay raises too. I'm sure thr board members get insane compensation too. You're so close to the point but still missing it acting like that's not that much money to be making. No ceo, board member or anyone else should be making more than 600k a year maybe 750k at the very max. If you can't afford to staff these places better, have living wages but SOMEHOW can pay ceo and board exorbitant wages and raise prices to the point of greedflation, somethings extremely wrong. There's so much wrong with your arguments that stray into defending the rich and how much they get paid and missing the point elsewhere.
If you think the argument "they're paid too much" is rebutted in any way with "durrrrr but that's 6 dollars for everyone" then you aren't ready for these conversations
It's a lot more complex than spreading their yearly salary to their workers, and anyone with any grasp of how companies, the rich, and corporate structure bullshit would know that. People with simplistic grasps (or ulterior motives to spread misinformation) of the world boil it down to "spread the wealth equally" because it's a fucking stupid idea and easy to attack
Cope, seethe, and die late lmao that's the kind of angry hands response I expected
It's low to you because we've normalized these exorbitant base salaries and insane options ($20M or whatever). It wasn't always like this.
No one should be earning that much money period anyway. It's excess while those below you suffer. I'm sure their board members make a nice sum too that is beyond excess of what anyone needs too. Max wages for the top and living wages for the bottom that make sense shouldn't be that hard. Everyone should make enough to live and punish those at the top for pushing these conditions with skeleton crews.
How is it not insane? It's not like they're personally overseeing all those stores. And it sounds like they're running the company into the ground. I'd take that job for a lot less money and probably be better at it.
How much would we pay the CEO for half that many stores but run properly instead of bare bones?
I will do it for half of that. And given that CEO actions and corporation performance shows evidence of being independent of each other I will do as well as he does. You can use half of my salary to pay for more pharmacists.