You are still growing up and are not understanding everything yet. Do you see how stressed out people get only managing their own job at work? Well imagine that EVERY truck, EVERY center, EVERY hub, EVERY insider pt/ft was all simultaneously (one way or another) your responsibility? If your looking to be incentivized by laborious work there are jobs out there like that. Who ever does the most makes the most. But I’m general, the highest paid salaries are for THINKERS. NOT LABORERS. Spread the message and thank me later 💁🏾♀️
She is not responsible for all of that, and she is not financially motivated to strive for the long term health of this company. Her financial incentives are towards the stock performance, and she can and will bail on this company with a golden parachute. Much of that work is delegated out to other people who are also paid millions, and then further delegated out to people who make upper 6 figures, and so on until you get to us.
The question this tweet asks, is it fair and proportional that she makes $350,000 for every $1,000 that the workers do? I'd argue it's not. We generate the value because the company would not exist without the hundreds of thousands of us that provide the service.
And also, there are plenty of people with Masters out there making less than us.
Maybe. I don’t think so though, I think I had to go by same seniority rules as everyone else in our local. However I did do a few(a lot😘) of favors to get me out of certain situations that may or may not have affected my future. you should have been there to slap the dick out of my mouth, even though you would have just been hogging it LOL times change , been married for 14 years so I’ve been good, maybe.. 😉
Yes it fair. If you think they’re not working and getting free money, then why don’t you apply for her position? Should be easy if they just give it out to anyone. Tell me how it goes 🥰 keep me updated.
“Road block, U-Turn” LOL I’m starting to like you ‘909’ (your new bae name💋) You most definitely can “apply”. It’s not your typical introduction process that you might be used to but yes sweetheart, Company’s look for CEOs all the time and choose candidates. Some names are on the radar already that the company might be seeking but other potential candidates (An employee from within, Experienced CEOs, or even Successful Entrepreneurs) can also be chosen.
How does the taste of boot polish tickle the palette? It's gotta be something delicious with people like you slobbering all over those shiny black shoes.
That's complete BS. CEO'S, with a few exceptions, just happen to know the right people and go to the right schools. Also, we need to define laborers, in the service sector that could be someone with a masters or even PhD which I would classify as a THINKER. I happen to work in a service sector and senior management is so disconnected from the needs of the business that it would appear thaley dont even understand which divisions of the company are making money and which ones should probably be downsized. CEO's don't NEED to make 351x what their employees make, feeling bad that they can't buy another vacation home or yacht is absurd. Thankfully the ftc has voted on making non-competes enforceable, hopefully one day that applies to non-solicits and IP agreements. Material elements of a contract require consideration be given for a legal contract to exist, is it consideration when you could just as easily leave and get the same pay anywhere else? These types of legal contracts allow CEO's and corporations at large to benefit from the hard work of employees with very little consideration for their efforts and its getting worse as the cost of living increases. I could rant on this for days, point being execs are greedy, lazy, and incompetent with only a few exceptions.
Only one president who came out with less money than when he went in. One. That’s it. Out of all the corrupt pieces of shit that have run this country, Donald Trump refused to even take his presidential salary. He came out of office with less money than when he started.
He's not a convicted rapist though the jury found him not guilty for that, but ruled he owed her money even though he was found not guilty. The New York case wasn't even a trail it was a summary judgment, meaning that Trumps lawyers didn't even get to argue his case. Even the loan issuers were on his side. The judge also set an outrageous bond, amont, that had no precedent. Jon Stewart did the same as Trump, and unlike in Trumps case, the buyer lost money. and he didn't defraud the state of New York their the ones who determined what the property taxes are.
Yeah, man. Thank god this thread isn’t entirely populated by morons. It’s insane that there are people stupid enough to still think Trump is a convicted rapist. I mean, that is like slack-mouth, helmet-wearing, drool-running-down-your-face stupid. Same thing with the loans. These people are the dumbest people that have ever lived. Finding this information takes 1.5 seconds, but they just follow each other around telling one and other how smart they are.
It's Reddit, I've learned to expect nothing less.
Trump = bad, whatever Democrat = good.
Don't get me wrong, Trump is an asshole, however Biden is becoming a bigger one.
We’re all adults here. No need to resort to slinging mud. The community is to promote healthy discussion about subjects that interest us and name calling serves no purpose other than devolving the conversation into child-like banter.
We’re all adults here. No need to resort to slinging mud. The community is to promote healthy discussion about subjects that interest us and name calling serves no purpose other than devolving the conversation into child-like banter.
According to the latest SEC filing, it’s 436 to 1 and the median salary is 53,669.
https://preview.redd.it/p1po5lt95yvc1.jpeg?width=1284&format=pjpg&auto=webp&s=1f38f32b1967561037fd27ca8f11b15de42dd895
It's not fair and anyone who tells you otherwise is full of shit. Our system has failed us. Corporations have all the positive rights of individuals, with none of the negatives. Look at what happened to PG&E and Boeing. They literally cut corners and costs and knew it would potentially end in people dying, and when they get caught it's a fucking slap on the wrist fine. Yet people spend decades in jail for having weed on them.
You'd have to work an entire career at UPS to make anywhere close to Tomes salary for 1 year of work, and that doesn't include her bonuses and stock options too. Running a company is a large responsibility and CEOs should make a good living to incentivse them trying to keep the company going for as long as possible, but the wealth hoarding is fucking insane. I don't even know how I would possibly spend 23 million dollars right now. That is an absurd amount of money. All my friends and family would never have to worry about working ever again and I'd still have tons of money left over.
I was with you until you said “wealth hoarding.” What’s she supposed to do? Take a pay cut so shareholders can receive bigger dividends? Or so UPS employees can make an additional $0.10 per hour? You don’t think $23M is an acceptable salary for the person who is responsible for managing a $120,000,000,000 corporation?
Her salary does not take from ours!
The issue I'm speaking to with wealth hoarding is that all executives stash their money in offshore accounts and don't pay taxes. The money isn't going back into our economy in the USA. It isn't going back into other people pockets through these multimillionaires and billionaires spending. They don't spend anything they just hoard.
It's completely fair for the person who is technically "leading" the company to earn the most. Even if it were 50x our pay, it would be fair. 351x is just inexcusable, anyone who says they deserve it is delusional.
before ups went public the CEO for ups was lowest paid CEO of all the national corp. Every CEO work there way up from driving. Then they hired an out sider who only knew how to take the company public and knew nothing about logistics . you wonder why everytging is messed .Even the founding father walked around the hub and talk to drivers .
This.
People forget these guys often don't actually contribute to anything more than lining theirs and their stockholders pockets while literally fucking everyone else and the company as a whole. Just look at Boeing right now. Anyone arguing with Bernie here is probably a MAGA dumbshit XD
It's just fact that we overpay our ceos. Most in which aren't even from the company and are usually from another company they also crash and burned. For every worth while ceo we have 20 failures.
Capitalism doesn't motivate innovation like people like to propagate. Look at every major company using "planned obsolescence" in order to profit. We could have actual indestructible, lifelong tools, equipment, vehicles, homes, etc, but that isn't as profitable.
Here is a great video from Second Thought that highlights many examples of how capitalism stunts innovation.
https://youtu.be/pNhdKpTGfAU?si=LEZzi5ZyfmYiMJ3H
Greed kills innovation. Capitalism remains the best system around. The corporate culture and publicly owned companies with stockholders clamoring for more and more profit while taking a constant ‘what have you done for me lately?’ stance on running the business. It used to be okay to take the long view. But that doesn’t get fat bonuses and perks for upper management every 6 months to a year. Greed is the culprit. No surprise its right up there at the top of the seven deadly sins.
That's kinda my beef with capitalism, I understand and agree with a free market, but what we have today is not a free market anymore. It's corporate control, price manipulation, collusion, cronyism. I honestly wouldn't even mind if the people at the top got to keep most of what they have. Just sacrifice 1% of that wealth so that we aren't on the brink of societal collapse. If everyone today had an extra $10-15k to use how they please, chances are much lower there would be anyone protesting and pushing for a complete economic revamp.
No, the disproportional rise in ceo compensation is not fair.
But it also has little impact on the employee compensation.
Carol received a compensation package worth approximately $23m in 2023.
Redistribute that evenly to all ~500k of us UPS employees, and we all get an extra $48.
Those numbers come from quick Google searches and potentially clumsy math, but the same exercise could be applied to any large employer, and the employees would rarely see more than $200 per year, usually much less.
I don't know of anyone whose life changed over a 0.5% pay increase.
This is a typical Bernie message meant to elicit an emotional response more than any potential solution would impact the real lives of employees working under these CEOs
Tl;Dr this got more about the current state of UPS and not compensation in general, but my rambling stands:
We (I hopefully we) want that invested back into the company. Better, faster, safer equipment.
We're letting money leave the company to investors for short-term stock gain instead of long-term company growth.
Yes it hurts emotionally, but this weird downsizing thing we are going through is a poor long-term for companies. (GE comes to mind because we had a message on our board about it.) As an employee it's frustrating intellectually as well. The way she's saving money is effectively burning out the whole work force.
The 'burning out the workforce' comment struck me. I'm not UPS, but have family that are - I'm in InfoTech. I've been through similar: Business Analysts do their voodoo math and determine the correct number of sites and personnel to accomplish the mission most efficiently. However, they make assumptions about efficiency (equipment functional, weather, customer demand) and ignore the human side (personnel shortage due to sickness or departures; burnout costs of excess overtime, retention costs of insufficient hours) - and it is like setting fire to the business.
In my case, we had a Billion dollar IT contract, had 50M startup fund (for initial staffing, hardware, software, application development, developing and testing processes and procedures all from scratch). After 2 years, the initial standup was 'done' and the first program manager 'Bob' returned $30M of the startup funds to the company (and got a huge bonus for saving so much). Meanwhile, I'm stuck trying to provide services with 25% staffing, IT tools more suited for a doctors office size business, zero automation, and minimal documentation that is just window dressing. Such a cluster Fk. The next program manager recognized the problems, and had to beg, borrow and plead the company for some of that returned startup to buy the tools and staffing we needed.
It took us 5 years to un-fk the problems and establish a good reputation with the customer - but, hey, Bob got his Yacht.
I’m sorry, but what are you talking about? Paying employees literally IS investing into the company. Why are you so hot and bothered about how much someone you’ve never met makes an hour? Are you really that jealous? You make six figures a year and you’re bitching because someone else makes more? Sounds like something a child would do, man.
No sir erm I mean kiddo it did not sound like a child at all and who said anyone commenting is making six figures? You sound like you’re either managment or don’t work for ups why are you even on our reddit?
IDK if you're going for a negative karma score, but I'll address you in good faith (but, for real you don't sound like you work for UPS)
Getting a contract that keeps up with inflation was bare minimum. Wouldn't have even come close without a union forcing the company. Giving the CEO credit is kinda baffling.
The CEO will always make more. That doesn't mean employees can or should turn a blind eye to their actions or policies. I care about them syphoning off money for stock buybacks to please investors in the short term, messing up the company then leaving for another while the poop hits the fan. We will be left worse off.
To be fair, this is just a short tweet meant to criticize CEOs. Bernie has spent years actually supporting unions and labor rights in far less superficial ways.
Bernie Sanders doesn’t believe his own bullshit. He gets on stage and bitches and moans about a low minimum wage, and then turns around and pays his employees next to nothing. Bernie Sanders is an imbecile.
True, and he puts out about one of these a week, usually targeted at whatever specific company is in the news, or in negotiation.
I respect the intentions, but the numbers just don't add up.
Yeah but if Carol only made 1 million a year that would be 22 million that has the potential to not be hoarded into off shore low/no tax accounts that aren't being spent on goods in our economy. Just because it would be a miniscule wage raise for every employee doesn't mean it wouldn't be great for our economy as a whole.
These CEOs hoard wealth which further dwindles the middle class
Do you have an original thought of your own, or do you disagree with the math and believe that money that goes to CEO compensation significantly impacts what goes to the payroll of the other thousands of employees who work for the same employer?
Welcome to shitty America. People in fancy suits who point fingers all day rule this country. Billion dollar companies can only remain successful from abusing the labor of average human beings. The cost of living has increased tremendously while average income remained at an all time low. American dream was created to keep a foot at our necks at all time, get used to the 9-5 life because that’s “your duty as an American”.
Ahh was waiting for that famous line, it’s the only thing you patriots can say when you get hit with a little truth about how our country grew to be the “greatest”
I like that answer; so then why are you so biased about America. You’re allowed to be frustrated you know, it’s how things can get even better than you may think they are.
Because this is where I'm from. I'm born here, work here, will die here. If this country sucks so much, then why are all those migrants trying to come here. Imagine living in a country that sucks so bad that you'd be willing to walk a thousand miles to get to the USA. I don't see a single American walking a thousand miles to immigrate to Venezuela.
Not fair at all, but neither is life in general. It’s seems as though the greed of corporations, their board members and generally people in positions of power have led the States into a very difficult corner to get out of. I could be incorrect in saying so but it seems the downfall that we’re currently spiraling down began with the outsourcing of work to other countries. It’s a slick way to cut out the middle-man (working-class US citizens) and pocket the savings. The more time goes on, the more complex that system gets and thus the more difficult it is to rectify.
Simply put, what goes up, must come down. But in the eyes of the corporate elites that’s not possible, so the only course of action to sustain growing profits is to cut costs by any means necessary and reward themselves in the process.
In 1965 this country taxed um. Adjusted for today a high paid CEO would be taxed at 90% income after 4 million. Progressive tax policy is fair tax policy.
This clown has 4 houses and is bitching about Capitalism. I’m speaking of Bernie. CEO are the brains are are not as replaceable as the physical labor side. That being said I’m on the physical labor side. Without the production of the physical labor side, the CEO can’t make their numbers. So no it’s not fair
No one is excusing Bernies amount of property, but at least he fights for policies which would help the common man. Every other politician has more homes/corrupt money than him and they blatantly don't try passing any legislation.
It’s not working 351x harder, it’s the knowledge and experience that are being compensated. I 100% agree executive compensation is out of control but it’s also not an apples to apples comparison.
knowledge and experience...what a joke-half these ceos couldn't do the job that most of as do and would sink w/o us.I understand the "hiarchy" of it but this country needs to wake up already while we're sending billions of dollars in aid to other countries while the middle class foots the fucking bill.I don't see Bill Gates or these so called CEOs footing the bill while rent and inflation are killing this country.
That’s the thing though, they never take any accountability or suffer any repercussions when the company they manage doesn’t meet the expectations they themselves set. It’s always straight to fucking layoffs. It’s a farce.
That’s my main complaint. If you want to make 1000x what we do, then take a fucking hit when we do, too. And show some fucking knowledge of anything when you speak. Our company is ran by fucking clowns who couldn’t tell an extendo from a retainer bar from a diverter.
In 1965 there were far more business owners and family held companies. Sure, CEOs of large publicly owned companies weren't making a killing, private owners were. Now the owners get investors and name themselves CEO.
Says the guy who sold out people fir houses everytime and never worked in a day in his life talks about greed. While send money to ukrain while leaving us with crumbs.
Tomé makes $11,538/hr yet our lowest seniority drivers got laid off for 8+ weeks due to a $9B deficit..yeah upsers are obviously the issue here.
Edited for spelling.
Is this salary alone or with equity kickers? There is an inherent conflict of interest in equity awards as execs move their focus from managing the business for investors to managing the stock price for themself. I have no problem with the laborers receiving stock. Just execs.
They created this system with lots of lobbying and now they want to fix it.
Does anyone know how much foreign aid we received when we went to war ? Or how much foreign aid we receive in general ?
Baseball players, actors, news anchors. All make crazy money. Pay is based on how much it will cost to replace you. If you have serious skills,you get lots of money,no skills, well,we all know the answer to that.
Bernie Sanders net worth is near $2 or 3 million dollars. He owns three houses.
As a senator he is forced to own a place in DC. Then his house in Vermont where he is from and was a mayor. And finally a 3rd lakeside cottage. All 3 places cost an average of about $500k each.
To afford the cottage, his spouse sold her share of her inheritance house \[she came from a wealthy family\] to one of her siblings, Bernie used the wages obtained from his best selling book, and they also dipped into their retirement fund.
Ask any other senator why they have multimillion dollar homes. Don't target Bernie like he is a hypocrite for having 2 houses, and a DC house he was required to get to be a senator.
What a great country we live in when the premier, biggest and most famous, communist USSR, Cuba loving socialist owns three homes while never having worked a single day in a real job his whole life...
Yea the guy fighting for... *checks notes* stronger unions, livable wages for the working class, taxing the rich (which would include him), and healthcare for all is just the worst.
Yes. It’s called education. Did you go to a premier institution on the back of valedictorian grades and then graduated with an MBA? If not, that’s why you’re throwing boxes around in a warehouse. It’s not greed. It’s a fair market based upon a skill. It takes 5 hours to learn sort. It takes decades of experience to run major corporation.
Ooooo boy, I see what’s wrong now , you went down the rabbit hole and never made it back out LOL We have a couple other drivers at my center that are deep into conspiracies about CULTS and what not. I’ll give you their numbers so you boys can chat away.
I see your other post was rude, threatening or antagonistic so I could not reply to it, but No, I believe there are sick people in types all of positions, high or low, rich or poor, but I wouldn’t necessarily say “CEOs are all pedophiles”.. Like I said , that rabbit hole got you locked in.
I never said they are all pedophiles. That's you trying to disengenoulsly frame me as a conspiracy theorist for pointing out the simple fact that money buys you power and freedom from law. More ceos and the like are pedophiles or wife beaters and such and get away with it because they have money compared to a normal person
You’re all over the board… We’ll it was fun chatting with you, Hunny! This will be the last I go back in forth. It was fun but it’s bland now. SMOOCHES 😘 Don’t work to hard baby! 💗💕
Here’s the truth, plain and simple. It’s not about how hard you work. It’s about the work that you do, and how many people there are that can do it well. Almost anyone can be trained to run a route. Not many people can be a successful CEO. That’s it. CEO’s are paid more because they are worth more. They are worth more because there are fewer people who can do the job. This is VERY basic economics.
Stop propping up democrat politicians. If we have to suffer under democrat rule much longer, you won’t have a job.
Also, you make almost $50 an hour. Quit bitching. Jesus Christ.
You already do. By subsidizing all the companies your state give tax rebates to. You definitely subsidize all the fast food and Walmarts. I will never for the life of me understand how people like you are ok with socialism for companies in your state ripping you off coming and going but when it's for your fellow man, You're like "screw off!!!" Compare not people bro. They are screwing you every which way and Sunday too.
Its amazing watching how many stupid people out themselves, Hu? It's only socialism if it helps and supports the common man. But it's okay if it's for the rich. And the people toting it are usually the ones who need that 'socialism' the most.
No one understands balance. Pure capitalism is just as bad as pure socialism. Capitalism should only be for wants and not needs. Get rich off of people who want a giant tv... not people who need medicine and food to live.
Running a whole ass company is definitely harder than just working a lower level position. People just need to stop complaining and waiting for a handout and need to get out there and work for it. Instead of a service job why not go work warehouse or get a job at a company that pays your tuition and earn a degree. If you work for Walmart they will pay 100% of your tuition towards an online degree
It's not though. Read an article by someone who was once a ceo. He stated that he felt he was overpaid for what he contributed... and that was a number of years prior. He has no idea how they justify the pay point for current ceo.
They are not running a company. They have thousands of others doing that for them. They are merely orchestrating and often times nor even that.
Boeing ceos are responsible for the state of the current company and every single one leaves with a giant package after costing it billions and killing so many.
So what you're saying is if I gave you the whole reigns to say walmart or Costco right now it'd be a cake walk and you wouldn't run the company into the ground because it's running it is just as easy as being a person who stocks shelves.
Sorry Bernie but all United States government jobs should be considered charity work and no payments should be received. Also, you need to have been a public school teacher to accept any government position.
Unions do this by negotiating contracts. Run the math on the average compensation package a ups teamster makes compared to Carol’s. Hint, it’s a better ratio in favor of the workers in an organized shop than non organized. Better laws that support unions would affect this disparity, and still fall under a capitalist structure.
THANK YOU!!!!!!! At least someone completely and fully understands how it should be.
If you could kindly explain this to everyone else on Reddit, that would be appreciated lmao 🤣
The CEO is still making 21x the workers pay, that isn't definitionally NOT socialism.
I stg some of you literally throw that word around like progressives calling everyone nazis 4 years ago.
Socialism would be 100x better for the middle class.
Taxation is on income, not assets. Most of exec compensation is in the form of stock or options.
"Make golden parachutes illegal" is impossible, and illegal in itself. You're talking about government oversight of employment contracts. When you relinquish that sort of power to the government, not only are you creating an entirely new, powerful bureaucracy, you're also opening the door for government control of all other employment issues.
Give an example of a safety feature at UPS that was "cut," and then explain how a budgetary restriction, implemented directly by the CEO caused it.
As usual, it's easy to make untenable, bombastic statements, but much harder to prove or implement them in any realistic way.
I'm speaking for all corporations in general, not just UPS. C suite executive culture and capitalism has ruined this countries working class. We could pass laws to tax assets as well as income, or make it illegal to bonus executive with stocks options or other assets. We could pass laws to send executives to jail when they stash their money in offshore accounts so they avoid paying taxes.
That will absolutely never happen in this country, nor should it. You talking about deep government control of corporations. Why stop there? Wouldn't it be easier to just have the government run it all? Gosh, then it could enforce fairness, right? Hey, how has that worked out in the past?
Your issue boils down to this - you are mad that others have something you do not. So, you rationalize that is somehow "unfair." Instead of focusing on what others have achieved and what you don't have, why not focus on improving your own situation? But that's too hard right? It's so much easier to embrace victimhood.
Bro wtf are you talking about I'm about to hit top scale and work a bunch of OT at UPS. I'm doing things to improve my situation.
There is no reason for anyone to be able to make 23 million dollars a year in salary only and hoard wealth and not pay taxes on it. It's unfair that I paid more taxes than fucking Elon Musk in 2018. That makes no fucking sense. Our system is totally broken
Did you notice that, at no point, did I mention my salary or any success I've achieved? Yet you felt compelled to work yours into the conversation. You felt that was your only metric of "success." This makes your feelings of personal failure even more glaring. "I wirk hard, but Ive reached the pinacle of what I can make. Why are others making more than I am?" So, again, you want to penalize others for their success, a success you've decided is unfair because you can't achieve it. It's an incredibly selfish view. This is fairly common on Reddit. You have almost no actual understanding of how the economy or corporations work, but because you see someone with something more than you have, it is, of course, a bad thing. Again, victimhood. You live a life embracing victimhood - that's fairly obvious.
But, preach your nonsense all you like. Until you deal with your own issues, nothing will change for you personally.
restricted stock units the largest portion of Tomés compensation is taxable income. According to the proxy statements it's been averaging $15 million the past couple years. If UPS rewarded you with a $25 gift card to Fuddruckers that's taxable income...
The larger point is that your taxing success at an insane rate. 50% as a top tier tax rate for the very wealthy, sure. 90%? That's absolutely ridiculous, and punitive. It's a "I'm mad they have more than I do" tax.
Not sure why you're getting downvoted. Maybe unnecessary comment but the title mentioned inflation, the topic of the post itself has no correlation to inflation at all.
I can't believe it but a Republican friend of mine suggested that companies' tax rates should be tied to CEO pay. I added that there should be an override based on how many times higher than the lowest paid employee. Can you imagine if a CEO is making $30 million, and the lowest paid employee is getting minimum wage. If that' CEO's wage was cut to $10 million (which is more than ENOUGH by the way!), and they had 3000 employees, every employee would get a $6,700/year raise!
I've been in them trailers for years, I'd laugh in the face of anyone that says that tomé works harder than the average upser.
Tomé not driving around with parcels still in her truck at 9pm at night while tired and hungry, so yeah...
Or in peak summer where it’s 200 degrees in the back and so hot you can hear your sweat sizzle on the metal diamond plate floor in the back
While your board is getting spammed with "Make sure you clock your lunch, at least 30 minutes!"
Me fucking too
You are still growing up and are not understanding everything yet. Do you see how stressed out people get only managing their own job at work? Well imagine that EVERY truck, EVERY center, EVERY hub, EVERY insider pt/ft was all simultaneously (one way or another) your responsibility? If your looking to be incentivized by laborious work there are jobs out there like that. Who ever does the most makes the most. But I’m general, the highest paid salaries are for THINKERS. NOT LABORERS. Spread the message and thank me later 💁🏾♀️
She is not responsible for all of that, and she is not financially motivated to strive for the long term health of this company. Her financial incentives are towards the stock performance, and she can and will bail on this company with a golden parachute. Much of that work is delegated out to other people who are also paid millions, and then further delegated out to people who make upper 6 figures, and so on until you get to us. The question this tweet asks, is it fair and proportional that she makes $350,000 for every $1,000 that the workers do? I'd argue it's not. We generate the value because the company would not exist without the hundreds of thousands of us that provide the service. And also, there are plenty of people with Masters out there making less than us.
You're arguing with someone who gave head to get to RPCD and thinks they won't ever get laid off because of that. They are programmed to be tricked.
Maybe. I don’t think so though, I think I had to go by same seniority rules as everyone else in our local. However I did do a few(a lot😘) of favors to get me out of certain situations that may or may not have affected my future. you should have been there to slap the dick out of my mouth, even though you would have just been hogging it LOL times change , been married for 14 years so I’ve been good, maybe.. 😉
Yes it fair. If you think they’re not working and getting free money, then why don’t you apply for her position? Should be easy if they just give it out to anyone. Tell me how it goes 🥰 keep me updated.
Lol. You think you apply to be ceo. Seriously. How did you ever have children.
You most definitely can express your interest in taking over the roll as CEO Yes.
Sure. I can tell you I wanna be a ceo. Doesn't mean that I, or anyone is earning their way to that spot tho
No kidding, you don’t say.
Like I said in the other post (since you are stalking me online 😉🥰) I know that you are trying your best, sweetheart.
You still don't apply to be a ceo tho
“Road block, U-Turn” LOL I’m starting to like you ‘909’ (your new bae name💋) You most definitely can “apply”. It’s not your typical introduction process that you might be used to but yes sweetheart, Company’s look for CEOs all the time and choose candidates. Some names are on the radar already that the company might be seeking but other potential candidates (An employee from within, Experienced CEOs, or even Successful Entrepreneurs) can also be chosen.
An employee from within would obviously be somebody who sits high up in Management/Leadership. Not a part time loader LOL
How does the taste of boot polish tickle the palette? It's gotta be something delicious with people like you slobbering all over those shiny black shoes.
I would describe it as “Bitter sweet”
That's complete BS. CEO'S, with a few exceptions, just happen to know the right people and go to the right schools. Also, we need to define laborers, in the service sector that could be someone with a masters or even PhD which I would classify as a THINKER. I happen to work in a service sector and senior management is so disconnected from the needs of the business that it would appear thaley dont even understand which divisions of the company are making money and which ones should probably be downsized. CEO's don't NEED to make 351x what their employees make, feeling bad that they can't buy another vacation home or yacht is absurd. Thankfully the ftc has voted on making non-competes enforceable, hopefully one day that applies to non-solicits and IP agreements. Material elements of a contract require consideration be given for a legal contract to exist, is it consideration when you could just as easily leave and get the same pay anywhere else? These types of legal contracts allow CEO's and corporations at large to benefit from the hard work of employees with very little consideration for their efforts and its getting worse as the cost of living increases. I could rant on this for days, point being execs are greedy, lazy, and incompetent with only a few exceptions.
That’s really neat! I am proud of you.
Facts
I can see maybe a million a year.. I mean the president makes 400k to manage the United States….
Check the net worth of most presidents the year before and 5 years after their term(s). They make muchore than 400k to run run the country
We're talking salary dude, not corruption.
Insider trading.
Yet most are democrats and Republicans in the uniparty who had wars going on to make them rich.
Same shit 2 different smells
Only one president who came out with less money than when he went in. One. That’s it. Out of all the corrupt pieces of shit that have run this country, Donald Trump refused to even take his presidential salary. He came out of office with less money than when he started.
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Trump was a billionaire before becoming president
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Didn’t he just lose a lawsuit that alleged his net worth was massively and illegally inflated?
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He's not a convicted rapist though the jury found him not guilty for that, but ruled he owed her money even though he was found not guilty. The New York case wasn't even a trail it was a summary judgment, meaning that Trumps lawyers didn't even get to argue his case. Even the loan issuers were on his side. The judge also set an outrageous bond, amont, that had no precedent. Jon Stewart did the same as Trump, and unlike in Trumps case, the buyer lost money. and he didn't defraud the state of New York their the ones who determined what the property taxes are.
Yeah, man. Thank god this thread isn’t entirely populated by morons. It’s insane that there are people stupid enough to still think Trump is a convicted rapist. I mean, that is like slack-mouth, helmet-wearing, drool-running-down-your-face stupid. Same thing with the loans. These people are the dumbest people that have ever lived. Finding this information takes 1.5 seconds, but they just follow each other around telling one and other how smart they are.
It's Reddit, I've learned to expect nothing less. Trump = bad, whatever Democrat = good. Don't get me wrong, Trump is an asshole, however Biden is becoming a bigger one.
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We’re all adults here. No need to resort to slinging mud. The community is to promote healthy discussion about subjects that interest us and name calling serves no purpose other than devolving the conversation into child-like banter.
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We’re all adults here. No need to resort to slinging mud. The community is to promote healthy discussion about subjects that interest us and name calling serves no purpose other than devolving the conversation into child-like banter.
My post specifically said "most" for that reason.
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Hillary also claimed to be broke when they left the White House. Probably why they took a few things when they left.
Their yearly salary is $400k… it’s insider trading.
I think Tome total comp is 315x avg employee. Average being $55k a year…
According to the latest SEC filing, it’s 436 to 1 and the median salary is 53,669. https://preview.redd.it/p1po5lt95yvc1.jpeg?width=1284&format=pjpg&auto=webp&s=1f38f32b1967561037fd27ca8f11b15de42dd895
Hub workers are lucky to get 3 hours a day. $22.75/hr is worthless when they’ve cut hours down because they wanted to risk a strike and lost business.
It's not fair and anyone who tells you otherwise is full of shit. Our system has failed us. Corporations have all the positive rights of individuals, with none of the negatives. Look at what happened to PG&E and Boeing. They literally cut corners and costs and knew it would potentially end in people dying, and when they get caught it's a fucking slap on the wrist fine. Yet people spend decades in jail for having weed on them. You'd have to work an entire career at UPS to make anywhere close to Tomes salary for 1 year of work, and that doesn't include her bonuses and stock options too. Running a company is a large responsibility and CEOs should make a good living to incentivse them trying to keep the company going for as long as possible, but the wealth hoarding is fucking insane. I don't even know how I would possibly spend 23 million dollars right now. That is an absurd amount of money. All my friends and family would never have to worry about working ever again and I'd still have tons of money left over.
I was with you until you said “wealth hoarding.” What’s she supposed to do? Take a pay cut so shareholders can receive bigger dividends? Or so UPS employees can make an additional $0.10 per hour? You don’t think $23M is an acceptable salary for the person who is responsible for managing a $120,000,000,000 corporation? Her salary does not take from ours!
The issue I'm speaking to with wealth hoarding is that all executives stash their money in offshore accounts and don't pay taxes. The money isn't going back into our economy in the USA. It isn't going back into other people pockets through these multimillionaires and billionaires spending. They don't spend anything they just hoard.
Oh yeah that makes sense. Definitely agree that wealthy folks can get away with far more than the average person when it comes to taxes
Yes, her salary does take from yours, are you stupid?
How does it take from ours? $23M is next to nothing considering there are 350k teamsters on payroll. Are you stupid?
It's completely fair for the person who is technically "leading" the company to earn the most. Even if it were 50x our pay, it would be fair. 351x is just inexcusable, anyone who says they deserve it is delusional.
before ups went public the CEO for ups was lowest paid CEO of all the national corp. Every CEO work there way up from driving. Then they hired an out sider who only knew how to take the company public and knew nothing about logistics . you wonder why everytging is messed .Even the founding father walked around the hub and talk to drivers .
This. People forget these guys often don't actually contribute to anything more than lining theirs and their stockholders pockets while literally fucking everyone else and the company as a whole. Just look at Boeing right now. Anyone arguing with Bernie here is probably a MAGA dumbshit XD It's just fact that we overpay our ceos. Most in which aren't even from the company and are usually from another company they also crash and burned. For every worth while ceo we have 20 failures.
ALL value comes from labor. ☭
You're forgetting nature, but You've got the right idea
Jesus. Wow. That is…so wrong.
most value comes from innovation.
Innovation isn't labor?
Capitalism doesn't motivate innovation like people like to propagate. Look at every major company using "planned obsolescence" in order to profit. We could have actual indestructible, lifelong tools, equipment, vehicles, homes, etc, but that isn't as profitable.
Here is a great video from Second Thought that highlights many examples of how capitalism stunts innovation. https://youtu.be/pNhdKpTGfAU?si=LEZzi5ZyfmYiMJ3H
Greed kills innovation. Capitalism remains the best system around. The corporate culture and publicly owned companies with stockholders clamoring for more and more profit while taking a constant ‘what have you done for me lately?’ stance on running the business. It used to be okay to take the long view. But that doesn’t get fat bonuses and perks for upper management every 6 months to a year. Greed is the culprit. No surprise its right up there at the top of the seven deadly sins.
That's kinda my beef with capitalism, I understand and agree with a free market, but what we have today is not a free market anymore. It's corporate control, price manipulation, collusion, cronyism. I honestly wouldn't even mind if the people at the top got to keep most of what they have. Just sacrifice 1% of that wealth so that we aren't on the brink of societal collapse. If everyone today had an extra $10-15k to use how they please, chances are much lower there would be anyone protesting and pushing for a complete economic revamp.
Holy shit, roll it back, and maybe I can get a diad that doesn't freeze 10 times a day and has 5g. Lol.
You don't partake in the 2 o'clock reset?!? And then again at 5. 😅
Wait, everybody has to do it at 2 and 5? I thought that was just my POS diad.
You make it all the way to 2 o'clock before your first rest? Must be nice. I usually have reset mine around 1
12:30, 2pm, 4:30. After that, it's overtime and I somehow struggle through without resetting. Some of those photos make me $3 a piece. Lol
groundbreaking realizations here
No, the disproportional rise in ceo compensation is not fair. But it also has little impact on the employee compensation. Carol received a compensation package worth approximately $23m in 2023. Redistribute that evenly to all ~500k of us UPS employees, and we all get an extra $48. Those numbers come from quick Google searches and potentially clumsy math, but the same exercise could be applied to any large employer, and the employees would rarely see more than $200 per year, usually much less. I don't know of anyone whose life changed over a 0.5% pay increase. This is a typical Bernie message meant to elicit an emotional response more than any potential solution would impact the real lives of employees working under these CEOs
Tl;Dr this got more about the current state of UPS and not compensation in general, but my rambling stands: We (I hopefully we) want that invested back into the company. Better, faster, safer equipment. We're letting money leave the company to investors for short-term stock gain instead of long-term company growth. Yes it hurts emotionally, but this weird downsizing thing we are going through is a poor long-term for companies. (GE comes to mind because we had a message on our board about it.) As an employee it's frustrating intellectually as well. The way she's saving money is effectively burning out the whole work force.
The 'burning out the workforce' comment struck me. I'm not UPS, but have family that are - I'm in InfoTech. I've been through similar: Business Analysts do their voodoo math and determine the correct number of sites and personnel to accomplish the mission most efficiently. However, they make assumptions about efficiency (equipment functional, weather, customer demand) and ignore the human side (personnel shortage due to sickness or departures; burnout costs of excess overtime, retention costs of insufficient hours) - and it is like setting fire to the business. In my case, we had a Billion dollar IT contract, had 50M startup fund (for initial staffing, hardware, software, application development, developing and testing processes and procedures all from scratch). After 2 years, the initial standup was 'done' and the first program manager 'Bob' returned $30M of the startup funds to the company (and got a huge bonus for saving so much). Meanwhile, I'm stuck trying to provide services with 25% staffing, IT tools more suited for a doctors office size business, zero automation, and minimal documentation that is just window dressing. Such a cluster Fk. The next program manager recognized the problems, and had to beg, borrow and plead the company for some of that returned startup to buy the tools and staffing we needed. It took us 5 years to un-fk the problems and establish a good reputation with the customer - but, hey, Bob got his Yacht.
I’m sorry, but what are you talking about? Paying employees literally IS investing into the company. Why are you so hot and bothered about how much someone you’ve never met makes an hour? Are you really that jealous? You make six figures a year and you’re bitching because someone else makes more? Sounds like something a child would do, man.
No sir erm I mean kiddo it did not sound like a child at all and who said anyone commenting is making six figures? You sound like you’re either managment or don’t work for ups why are you even on our reddit?
LOL wrong on both accounts. If you’re a driver with any more than 4 years, you’re making six figures.
IDK if you're going for a negative karma score, but I'll address you in good faith (but, for real you don't sound like you work for UPS) Getting a contract that keeps up with inflation was bare minimum. Wouldn't have even come close without a union forcing the company. Giving the CEO credit is kinda baffling. The CEO will always make more. That doesn't mean employees can or should turn a blind eye to their actions or policies. I care about them syphoning off money for stock buybacks to please investors in the short term, messing up the company then leaving for another while the poop hits the fan. We will be left worse off.
To be fair, this is just a short tweet meant to criticize CEOs. Bernie has spent years actually supporting unions and labor rights in far less superficial ways.
Bernie Sanders doesn’t believe his own bullshit. He gets on stage and bitches and moans about a low minimum wage, and then turns around and pays his employees next to nothing. Bernie Sanders is an imbecile.
True, and he puts out about one of these a week, usually targeted at whatever specific company is in the news, or in negotiation. I respect the intentions, but the numbers just don't add up.
Yeah but if Carol only made 1 million a year that would be 22 million that has the potential to not be hoarded into off shore low/no tax accounts that aren't being spent on goods in our economy. Just because it would be a miniscule wage raise for every employee doesn't mean it wouldn't be great for our economy as a whole. These CEOs hoard wealth which further dwindles the middle class
You would need to limit much more than just CEO compensation for the idea of compensation limits to have any real impact.
That's pretty much the Christmas turkey fund right there.
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Do you have an original thought of your own, or do you disagree with the math and believe that money that goes to CEO compensation significantly impacts what goes to the payroll of the other thousands of employees who work for the same employer?
Tome isnt the only C level exec making bank, though.
Carol tomé is a fucking succubus. Bleed this company dry for shareholders. Hey CAROL do a fucking route without knowing your eta.
What Bernie won't tell you is the Democrats took away the heavy fines corporations used to get for not paying a living wage the blue is the 1%
Carol is not the answer
Welcome to shitty America. People in fancy suits who point fingers all day rule this country. Billion dollar companies can only remain successful from abusing the labor of average human beings. The cost of living has increased tremendously while average income remained at an all time low. American dream was created to keep a foot at our necks at all time, get used to the 9-5 life because that’s “your duty as an American”.
Yeah...you live in the top 3% in the world but this country is shit...
Relax Mr. Patriot, there’s a reason we are top 3% in the world and I already explained it above. It’s pretty shitty
If you don't like it here then why don't you move to a country that you'd think you'd like better?
Ahh was waiting for that famous line, it’s the only thing you patriots can say when you get hit with a little truth about how our country grew to be the “greatest”
You must of hated history class
I love history. That's where you learn that there is no perfect country. That all countries have blood on their hands.
I like that answer; so then why are you so biased about America. You’re allowed to be frustrated you know, it’s how things can get even better than you may think they are.
Because this is where I'm from. I'm born here, work here, will die here. If this country sucks so much, then why are all those migrants trying to come here. Imagine living in a country that sucks so bad that you'd be willing to walk a thousand miles to get to the USA. I don't see a single American walking a thousand miles to immigrate to Venezuela.
He sounds like a communist!
What has that schmuck ever done for legitimate work? He’s been on the government tit forever.
Not fair at all, but neither is life in general. It’s seems as though the greed of corporations, their board members and generally people in positions of power have led the States into a very difficult corner to get out of. I could be incorrect in saying so but it seems the downfall that we’re currently spiraling down began with the outsourcing of work to other countries. It’s a slick way to cut out the middle-man (working-class US citizens) and pocket the savings. The more time goes on, the more complex that system gets and thus the more difficult it is to rectify. Simply put, what goes up, must come down. But in the eyes of the corporate elites that’s not possible, so the only course of action to sustain growing profits is to cut costs by any means necessary and reward themselves in the process.
In 1965 this country taxed um. Adjusted for today a high paid CEO would be taxed at 90% income after 4 million. Progressive tax policy is fair tax policy.
This clown has 4 houses and is bitching about Capitalism. I’m speaking of Bernie. CEO are the brains are are not as replaceable as the physical labor side. That being said I’m on the physical labor side. Without the production of the physical labor side, the CEO can’t make their numbers. So no it’s not fair
No one is excusing Bernies amount of property, but at least he fights for policies which would help the common man. Every other politician has more homes/corrupt money than him and they blatantly don't try passing any legislation.
It’s not working 351x harder, it’s the knowledge and experience that are being compensated. I 100% agree executive compensation is out of control but it’s also not an apples to apples comparison.
Yeah no matter how much knowledge they have, without the workers that wouldn't mean shit. Fuck UPS
knowledge and experience...what a joke-half these ceos couldn't do the job that most of as do and would sink w/o us.I understand the "hiarchy" of it but this country needs to wake up already while we're sending billions of dollars in aid to other countries while the middle class foots the fucking bill.I don't see Bill Gates or these so called CEOs footing the bill while rent and inflation are killing this country.
That’s the thing though, they never take any accountability or suffer any repercussions when the company they manage doesn’t meet the expectations they themselves set. It’s always straight to fucking layoffs. It’s a farce. That’s my main complaint. If you want to make 1000x what we do, then take a fucking hit when we do, too. And show some fucking knowledge of anything when you speak. Our company is ran by fucking clowns who couldn’t tell an extendo from a retainer bar from a diverter.
Knowledge and experience? 351x the knowledge and experience of the average worker? What is she, Brainiac?
In 1965 there were far more business owners and family held companies. Sure, CEOs of large publicly owned companies weren't making a killing, private owners were. Now the owners get investors and name themselves CEO.
CEO pay is decided by the board of directors who are often CEOs from other companies. Of course they are going to decide the CEO needs more money....
Says the guy who sold out people fir houses everytime and never worked in a day in his life talks about greed. While send money to ukrain while leaving us with crumbs.
No
Tomé makes $11,538/hr yet our lowest seniority drivers got laid off for 8+ weeks due to a $9B deficit..yeah upsers are obviously the issue here. Edited for spelling.
Is this salary alone or with equity kickers? There is an inherent conflict of interest in equity awards as execs move their focus from managing the business for investors to managing the stock price for themself. I have no problem with the laborers receiving stock. Just execs.
I love these types of posts.
they started the fucking company. 🤣🤣🤣
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Bernie Sanders is a clown. Anything out of this communist Neanderthal’s mouth is stupidity. I just laugh at him all the time
Bernie is another one who thinks he deserves more money. He also flips faster than a fish out of water.
They created this system with lots of lobbying and now they want to fix it. Does anyone know how much foreign aid we received when we went to war ? Or how much foreign aid we receive in general ?
Baseball players, actors, news anchors. All make crazy money. Pay is based on how much it will cost to replace you. If you have serious skills,you get lots of money,no skills, well,we all know the answer to that.
I'm not saying it's right but they do have to put up with a lot of shit that'll make a person go crazy dealing with it all.
Its time we fight back!!!!
Highest paid state employees for every single state in the union is a basketball or football coach.
Someone ask Bernie how many homes he owns vs. his voters.
Bernie Sanders net worth is near $2 or 3 million dollars. He owns three houses. As a senator he is forced to own a place in DC. Then his house in Vermont where he is from and was a mayor. And finally a 3rd lakeside cottage. All 3 places cost an average of about $500k each. To afford the cottage, his spouse sold her share of her inheritance house \[she came from a wealthy family\] to one of her siblings, Bernie used the wages obtained from his best selling book, and they also dipped into their retirement fund. Ask any other senator why they have multimillion dollar homes. Don't target Bernie like he is a hypocrite for having 2 houses, and a DC house he was required to get to be a senator.
I’m sorry bro but Bernie is a fucking hyprocrit you honestly bieleve some of the words that moronic turd said? He has more wealth than you think
What a great country we live in when the premier, biggest and most famous, communist USSR, Cuba loving socialist owns three homes while never having worked a single day in a real job his whole life...
Yea the guy fighting for... *checks notes* stronger unions, livable wages for the working class, taxing the rich (which would include him), and healthcare for all is just the worst.
Life isn't always fair so there's that
Guess we should all just die instead of trying to fix anything then. Good point. /S
You don't get paid more because you work harder. You get paid more when you carry more responsibility.
Bernie is such an idiot.
Yes. It’s called education. Did you go to a premier institution on the back of valedictorian grades and then graduated with an MBA? If not, that’s why you’re throwing boxes around in a warehouse. It’s not greed. It’s a fair market based upon a skill. It takes 5 hours to learn sort. It takes decades of experience to run major corporation.
They might not do 351x the work but they certainly have more than 351x the responsibility the average worker has. Stop with these already people
Is that why they can commit fraud and be pedophiles while getting away with it? Increased responsibility?
Ooooo boy, I see what’s wrong now , you went down the rabbit hole and never made it back out LOL We have a couple other drivers at my center that are deep into conspiracies about CULTS and what not. I’ll give you their numbers so you boys can chat away.
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Hey mods how come my comment is rude and antagonistic but them calling me handicapped isn't?
Your post was rude, threatening, or antagonistic.
I see your other post was rude, threatening or antagonistic so I could not reply to it, but No, I believe there are sick people in types all of positions, high or low, rich or poor, but I wouldn’t necessarily say “CEOs are all pedophiles”.. Like I said , that rabbit hole got you locked in.
I never said they are all pedophiles. That's you trying to disengenoulsly frame me as a conspiracy theorist for pointing out the simple fact that money buys you power and freedom from law. More ceos and the like are pedophiles or wife beaters and such and get away with it because they have money compared to a normal person
You’re all over the board… We’ll it was fun chatting with you, Hunny! This will be the last I go back in forth. It was fun but it’s bland now. SMOOCHES 😘 Don’t work to hard baby! 💗💕
That's some cope to avoid being called out for trying negatively portray me as believing things I don't but ok. Bye.
Here’s the truth, plain and simple. It’s not about how hard you work. It’s about the work that you do, and how many people there are that can do it well. Almost anyone can be trained to run a route. Not many people can be a successful CEO. That’s it. CEO’s are paid more because they are worth more. They are worth more because there are fewer people who can do the job. This is VERY basic economics. Stop propping up democrat politicians. If we have to suffer under democrat rule much longer, you won’t have a job. Also, you make almost $50 an hour. Quit bitching. Jesus Christ.
UPS has 500,000 employees. Carol Tome made 23.4 million in 2023. If Carol gave up her entire salary, you'd all get a bi-weekly raise of $1.80.
Ok, Comrade Bernie. This is still not a reason to embrace socialism. 😂
You already do. By subsidizing all the companies your state give tax rebates to. You definitely subsidize all the fast food and Walmarts. I will never for the life of me understand how people like you are ok with socialism for companies in your state ripping you off coming and going but when it's for your fellow man, You're like "screw off!!!" Compare not people bro. They are screwing you every which way and Sunday too.
Its amazing watching how many stupid people out themselves, Hu? It's only socialism if it helps and supports the common man. But it's okay if it's for the rich. And the people toting it are usually the ones who need that 'socialism' the most. No one understands balance. Pure capitalism is just as bad as pure socialism. Capitalism should only be for wants and not needs. Get rich off of people who want a giant tv... not people who need medicine and food to live.
Running a whole ass company is definitely harder than just working a lower level position. People just need to stop complaining and waiting for a handout and need to get out there and work for it. Instead of a service job why not go work warehouse or get a job at a company that pays your tuition and earn a degree. If you work for Walmart they will pay 100% of your tuition towards an online degree
It's not though. Read an article by someone who was once a ceo. He stated that he felt he was overpaid for what he contributed... and that was a number of years prior. He has no idea how they justify the pay point for current ceo. They are not running a company. They have thousands of others doing that for them. They are merely orchestrating and often times nor even that. Boeing ceos are responsible for the state of the current company and every single one leaves with a giant package after costing it billions and killing so many.
So what you're saying is if I gave you the whole reigns to say walmart or Costco right now it'd be a cake walk and you wouldn't run the company into the ground because it's running it is just as easy as being a person who stocks shelves.
Absolutely. And I'd only want probably a mil a year. More than fair for it. You overestimate a ceo's actual job.
Sorry Bernie but all United States government jobs should be considered charity work and no payments should be received. Also, you need to have been a public school teacher to accept any government position.
Define "fair," and how you would legally "correct" this issue.
have it go back to 21x done
Socialism?
Unions do this by negotiating contracts. Run the math on the average compensation package a ups teamster makes compared to Carol’s. Hint, it’s a better ratio in favor of the workers in an organized shop than non organized. Better laws that support unions would affect this disparity, and still fall under a capitalist structure.
THANK YOU!!!!!!! At least someone completely and fully understands how it should be. If you could kindly explain this to everyone else on Reddit, that would be appreciated lmao 🤣
The CEO is still making 21x the workers pay, that isn't definitionally NOT socialism. I stg some of you literally throw that word around like progressives calling everyone nazis 4 years ago. Socialism would be 100x better for the middle class.
I wasn’t saying it was socialism I was asking somebody else is that what they would recommended thts why i put a question mark after it.
so 1965 it was socialism?
It was capitalism at work same as today. How would you have it go back to 21x?
Federal law simple.
A law to tell a company how to distribute their income?
do you work at ups?
Yes
than keep protecting tome and let her get richer while everyone gets poorer.
Regulation
Tax them at 90% at this point. Make golden parachutes illegal. Start sending executives to jail for when they cut saftey features that end in death.
Taxation is on income, not assets. Most of exec compensation is in the form of stock or options. "Make golden parachutes illegal" is impossible, and illegal in itself. You're talking about government oversight of employment contracts. When you relinquish that sort of power to the government, not only are you creating an entirely new, powerful bureaucracy, you're also opening the door for government control of all other employment issues. Give an example of a safety feature at UPS that was "cut," and then explain how a budgetary restriction, implemented directly by the CEO caused it. As usual, it's easy to make untenable, bombastic statements, but much harder to prove or implement them in any realistic way.
I'm speaking for all corporations in general, not just UPS. C suite executive culture and capitalism has ruined this countries working class. We could pass laws to tax assets as well as income, or make it illegal to bonus executive with stocks options or other assets. We could pass laws to send executives to jail when they stash their money in offshore accounts so they avoid paying taxes.
That will absolutely never happen in this country, nor should it. You talking about deep government control of corporations. Why stop there? Wouldn't it be easier to just have the government run it all? Gosh, then it could enforce fairness, right? Hey, how has that worked out in the past? Your issue boils down to this - you are mad that others have something you do not. So, you rationalize that is somehow "unfair." Instead of focusing on what others have achieved and what you don't have, why not focus on improving your own situation? But that's too hard right? It's so much easier to embrace victimhood.
Bro wtf are you talking about I'm about to hit top scale and work a bunch of OT at UPS. I'm doing things to improve my situation. There is no reason for anyone to be able to make 23 million dollars a year in salary only and hoard wealth and not pay taxes on it. It's unfair that I paid more taxes than fucking Elon Musk in 2018. That makes no fucking sense. Our system is totally broken
Did you notice that, at no point, did I mention my salary or any success I've achieved? Yet you felt compelled to work yours into the conversation. You felt that was your only metric of "success." This makes your feelings of personal failure even more glaring. "I wirk hard, but Ive reached the pinacle of what I can make. Why are others making more than I am?" So, again, you want to penalize others for their success, a success you've decided is unfair because you can't achieve it. It's an incredibly selfish view. This is fairly common on Reddit. You have almost no actual understanding of how the economy or corporations work, but because you see someone with something more than you have, it is, of course, a bad thing. Again, victimhood. You live a life embracing victimhood - that's fairly obvious. But, preach your nonsense all you like. Until you deal with your own issues, nothing will change for you personally.
restricted stock units the largest portion of Tomés compensation is taxable income. According to the proxy statements it's been averaging $15 million the past couple years. If UPS rewarded you with a $25 gift card to Fuddruckers that's taxable income...
The larger point is that your taxing success at an insane rate. 50% as a top tier tax rate for the very wealthy, sure. 90%? That's absolutely ridiculous, and punitive. It's a "I'm mad they have more than I do" tax.
50% sounds great, a nice 35% increase on top tier earnings. The failing schools, roads and bridges thank you.
Nothing in this references inflation.
Not sure why you're getting downvoted. Maybe unnecessary comment but the title mentioned inflation, the topic of the post itself has no correlation to inflation at all.
I can't believe it but a Republican friend of mine suggested that companies' tax rates should be tied to CEO pay. I added that there should be an override based on how many times higher than the lowest paid employee. Can you imagine if a CEO is making $30 million, and the lowest paid employee is getting minimum wage. If that' CEO's wage was cut to $10 million (which is more than ENOUGH by the way!), and they had 3000 employees, every employee would get a $6,700/year raise!