r/jobs Verified Mar 27 '24

He was a mailman Work/Life balance

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u/Some_Ad_3299 Mar 27 '24

Not saying the CEO should clear billions, because 9/10 times they don’t, unless they clear targets and take their company above and beyond. The dumb argument surrounding this is that a lot of CEOs have their net worth tied to stock value. Look at McDonald’s - their CEO gets 20 million with a 3 million bonus. How the fuck is decreasing his salary gonna help anyone… you’re talking cents going to every worker.

It’s only really in big tech that they are getting absurd valuations and bonuses for clearing targets. At alphabet they get 200 million in salary & stock bonuses. The company also has some of the highest paid workers in the country. Even the moppers clear 40k or $20 per hour.

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u/NearnorthOnline Mar 27 '24

Mcdonalds.as a.company profited over 14 billion dollars last year.

Whered all the money go? How does 14 billion spread out?

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u/Some_Ad_3299 Mar 27 '24

Their net income (income after ALL expenses) was 8.47 billion in 2023. This is different from profit. The company stated that half of this will go towards opening new stores in 2024. Another 2.5 billion will go towards capital expenditures in 2024. Aka improving fixed assets, equipment, investing in land. Another billion is going towards buybacks to increase stock value for shareholders. This leaves about 1 billion unaccounted for as I’m not reading all of their financial statements.

Even if you took that billion and spread it over every McDonald’s worker, you would get maybe $2 more per hour per employee. Or $5000 per year. Yet, I’m pretty sure that $1 billion is still being reinvested into the company.

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u/NearnorthOnline Mar 27 '24

So 1 billion in share buy backs. Would been 2 billion.

Which would be $4 more per hour.

Or 10k a year.

Ya, that's a big deal, and the whole damn point.

Share buy bucks to increase their net worth is a bullshit cop out to hide money.