Federal employees COLA slashed

[Benton]

(02-17-2020, 10:03 AM)michaelsean Wrote: In the end, does it matter what the CEO makes?  I assume we are pretty much talking about Fortune 500 companies.  If we distribute the difference between what a CEO makes, and what we think they should make, will it make much of a difference?  I think it's stockholders more than CEO pay.

Matt already addressed the bigger picture aspect, but I'll add that sometimes it does.

Look at Hostess a few years ago. After several years of consecutive raises for upper management and their CEO, the teamsters went on strike the second (or third?) year that they were asked not to negotiate a raise for members. Profits were up, upper management was receiving significant raises, but they didn't want employees to have a cost of living adjustment. When the union said "no" to two years of flat salaries, the management tried to paint it as 'evil union thugs are stealing your Twinkies!'