| ▲ | fourseventy 2 hours ago | |||||||||||||
1.) The c-suite is like 6 people, reducing their salary isn't going to make much of a dent. 2.) The c-suite are compensated at market rate the same as anyone else. If the CTO at Patreon is making 400k/yr you can't just cut his salary to 200k, he will leave and take a job somewhere else. | ||||||||||||||
| ▲ | KellyCriterion 17 minutes ago | parent | next [-] | |||||||||||||
Ah, no, for sure you can just cut the salary by 50%? And believe me, most people in well-managed company would accept it to keep the company alive. And y CTO with 400k wont "just find a new job with same payment" next day, thats an illusion. Especially nowdays in these times. If I would be asked: "reduce your salary by 50% or get fired", for sure I would stay if there is a perspective that the situation may recover in the future. If the company has no perspective future, then you would leave anyway (either implicitly or explicitly by them) | ||||||||||||||
| ▲ | surgical_fire 6 minutes ago | parent | prev | next [-] | |||||||||||||
> The c-suite is like 6 people, reducing their salary isn't going to make much of a dent. Depends on how much those 6 people make. Have you seem C-level compensation in comparison to worker's salaries? | ||||||||||||||
| ▲ | Gud 38 minutes ago | parent | prev | next [-] | |||||||||||||
Many of the C suite are just nepo babies. | ||||||||||||||
| ▲ | buellerbueller 2 hours ago | parent | prev | next [-] | |||||||||||||
>1.) The c-suite is like 6 people, reducing their salary isn't going to make much of a dent. It makes much more than a dent to the ~20 people not laid off, and a likely morale boost to everyone remaining. Edit: who are the sociopaths who downvote this? You don't think that someone not being laid off isn't going to have a much better outcome than had the been laid off? At least make an argument to the contrary... | ||||||||||||||
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| ▲ | miltonlost 2 hours ago | parent | prev [-] | |||||||||||||
The corollary to 2 is: reduce all CEO pay across the board because of how disproportionate it is. | ||||||||||||||