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ughhhh posted:lanyard/PMC who work for ngos and the UN etc. whomst among us
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Apr 25, 2021 17:08
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Biplane posted:Cool list of people that deserve death for their crimes.
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Apr 25, 2021 17:35
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Mola Yam posted:is that a joke. that has to be a joke. chad richison of paycom. is everything a joke. From wikipedia: quote:Founded in 1998, it reported annual revenue of $841.1 million for 2020, up from $737.7 million for 2019 Just casually paying a quarter of your revenues to the CEO and founder of this now 4.200 employee strong company.
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Apr 25, 2021 19:06
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(medium articlely) does being a goon make you a PMC? Are the poor families in parasite white passing and therefore privileged? Could FALC be the end of the CFO?
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Apr 25, 2021 19:31
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i am harry posted:this reads like a recent review of Homework by Daft Punk my missus found I would very much like to see that
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Apr 25, 2021 19:58
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Abongination posted:Chad Richison
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Apr 25, 2021 20:39
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https://twitter.com/byaaroncdavis/status/1386492524857069578
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Apr 26, 2021 05:22
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Didn’t the US decide that insider knowledge was okay now when all those politicians got caught last year?
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Apr 26, 2021 09:40
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Professor Shark posted:Didn’t the US decide that insider knowledge was okay now when all those politicians got caught last year? it’s not insider trading if congress does it, by definition
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Apr 26, 2021 10:51
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Congress is privy to lots of information and if they were subject to the same laws as normal people then they wouldn't be able to do their job as well as invest in the stock market so instead they have legal immunity from insider trading regulations and on average their portfolios perform like +15% over baseline average
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Apr 26, 2021 11:11
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500excf type r posted:Congress is privy to lots of information and if they were subject to the same laws as normal people then they wouldn't be able to do their job as well as invest in the stock market so instead they have legal immunity from insider trading regulations and on average their portfolios perform like +15% over baseline average it’s only fair
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Apr 26, 2021 11:13
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Are Congressional stock picks public knowledge? You could make a successful index fund by just copying the decisions of notorious insider traders.
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Apr 26, 2021 11:30
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Professor Shark posted:Didn’t the US decide that insider knowledge was okay now when all those politicians got caught last year? i try not to agree with too many billioanres but i read a thing that Mark Cuban wrote that stuck with me and he said that we should make it illegal to pay CEO's (or anyone really) in stock options. Make your shareholders approve your $20 million compensation package in cash and then pony up the dough to buy the stock on the open market so you can show some confidence in your grift of a company. I thought that was a really good idea and it will never happen.
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Apr 26, 2021 11:38
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paying executives in options sounds very reasonable until you realise that what you're doing is effectively encouraging them to take big risks in order to boost the firm's short-term valuation, which is directly opposite to what makes a good firm
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Apr 26, 2021 11:44
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V. Illych L. posted:paying executives in options sounds very reasonable until you realise that what you're doing is effectively encouraging them to take big risks in order to boost the firm's short-term valuation, which is directly opposite to what makes a good firm that sounds like the very opposite of reasonable
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Apr 26, 2021 11:48
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The Nastier Nate posted:that sounds like the very opposite of reasonable Well, the "reasonable" part is that giving them options is supposed to give them a stake in the company and its success... but what it really does is give them a stake in the stock price, and juicing it hard as they can so they can cash out.
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Apr 26, 2021 11:57
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it's "reasonable" because you want your executives to have some skin in the game of the company however, options specifically are all advantage for the executive, because they can choose to not actually cash them in. so if expected growth is idk 1% with a normal variation of 0,5% say and you can take risks that increase that variation to 2,5%, it's a better bet for you because you only had that 0,5-1,5% to lose, and once you hit zero the options are only encouraging you to increase the volatility of your stock by progressively larger risks, whereas if the risks pay off you stand to earn a lot of money
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Apr 26, 2021 12:01
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very often when you see an executive doing some completely idiotic pivot in their company it's motivated at least in part by this logic - the company's struggling in the short term, so all those options are worthless unless we can turn it around now, preferably in a dramatic fashion in fact, even if it doesn't work out quickly, so long as you generate some buzz it might boost the price enough to net you a decent extra payday for your options
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Apr 26, 2021 12:04
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It also disincentivizes long term investments, especially in stuff like infrastructure which will never have a pay off as such.
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Apr 26, 2021 12:35
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V. Illych L. posted:paying executives in options sounds very reasonable until you realise that what you're doing is effectively encouraging them to take big risks in order to boost the firm's short-term valuation, which is directly opposite to what makes a good firm The reasonable sounding part is that if we accept that the purpose of a company is maximizing shareholder value (we shouldn't accept this in the first place, but bear with me here), then obviously making sure the CEO has skin in that game is a good way to tackle the principal-agent problem and align the interests of the manager with the shareholders through the one weird trick of making the manager a shareholder. Except there are different types of shareholders. There are those whose interests are with a stable company generating stable profits so that they can achieve stable investment returns over the long term. Like say, your institutional investors such as pension funds. This is all BORING AS poo poo however and we're living in turbocapitalism times so to paraphrase documentary show Silicon Valley, it's not about making a little bit of money every day, it's about making a shitton of money all at once. This is like, every other type of shareholder in the market right now, from your hedge funds to your billionaires to your banks to your loving retail investors. Everybody wants to hit the loving jackpot today, cash out, and then dump all their earnings right back into the casino so they can hit another, even bigger jackpot. This is because the middle class is disappearing and this crunch is now starting to hit the low level rich as all of society is stratifying into everybody being either a multibillionaire plutocrat part of the tiny owning class, or worthless human waste, also known as the owned class. So you better make it real loving big real loving fast or you too, are going to be owned. CEO's fall in the second type there by the way, as they too are scrambling to make it to the top right the gently caress now to avoid falling into the ever widening, ever hungry abyss below. So in conclusion, most everyone involved in running companies nowadays wants to make a fuckton of money right this instant and is willing to gamble burning the whole company to the ground over it, even if that company has been providing stable, low risk profits for loving decennia. There's no real way to fix this without doing away with the whole dumb system, but a way to theoretically align the interests of the CEO with the former type of shareholders is to have the shareholders define dividends rather than share price as the goal, aka ban loving stock buybacks, set a cap on dividend payouts so the company doesn't just get looted that way, and give CEO's dividend paying stock which they aren't allowed to sell off for a very long time. At least then there payout would be dependent on the company continueing to loving exist and continueing to make money. Also it would keep the CEO focused on material reality because that's what generates actual profits, rather than totally focusing on perception management to drive stock prices up by thinking about the way investors will expect other investors to perceive your company and react to it and aaargh everything that actually determines share price is so goddamn dumb. Orange Devil has issued a correction as of 13:36 on Apr 26, 2021 |
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Apr 26, 2021 13:34
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Amphigory posted:I would very much like to see that i might be able to find it...imagine some dude in his 20s, internet writer with a word quota, listening to Homework for the first time and reviewing it with no context, no understanding of the time it was made, etc. etc.
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Apr 26, 2021 14:19
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https://twitter.com/KOBPatrickHayes/status/1382415576006496264
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Apr 26, 2021 18:48
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Well I'm sure the free market will fix this by raising wages. Any time now.
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Apr 26, 2021 18:50
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The Jack in the Box near me has been closed for at least a month now with a sign taped to it that says "We're closed due to technology upgrades, if you would like to join our team please call some phone number."
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Apr 26, 2021 19:30
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There are a LOT of restaurants around me that have limited hours and can only seat a tiny number of people and some days just close the dining room because of lack of staff When you can get $14 working at walmart or target who wants to work at wendys for $8 or chilis for $(tips???)
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Apr 26, 2021 19:38
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what targets or walmarts are starting at $14/hr? last I looked it was like 9
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Apr 26, 2021 19:42
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Wendys here in Colorado is constantly advertising above minimum wage, even seen some offering pay the day after your shift. They're surprisingly not lovely in terms of fast food jobs. Still a lovely job though. /\ move to a better state.
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Apr 26, 2021 19:45
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indigi posted:what targets or walmarts are starting at $14/hr? last I looked it was like 9 target has raised its start pay to $15 actually walmart follows close behind I think it's $13 now for a straight noob in my area (FL)
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Apr 26, 2021 20:07
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CRUSTY MINGE posted:even seen some offering pay the day after your shift. I've noticed this at a lot of places recently. I wonder what the deal is? competing with the gig economy? seems like it'd cost more for payroll to handle daily transactions like that so it can't be altruistic The Bloop posted:target has raised its start pay to $15 actually wow that's wild
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Apr 26, 2021 20:10
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indigi posted:I've noticed this at a lot of places recently. I wonder what the deal is? competing with the gig economy? seems like it'd cost more for payroll to handle daily transactions like that so it can't be altruistic Anything to get a body behind the grill is my best guess. Besides they're probably using something like paycom. Which probably scrapes a percentage off for an employee to withdraw a portion of their pay early. Never forget, we're in hell, and someone always gets a cut.
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Apr 26, 2021 20:22
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CRUSTY MINGE posted:Anything to get a body behind the grill is my best guess. Besides they're probably using something like paycom. Which probably scrapes a percentage off for an employee to withdraw a portion of their pay early. Never forget, we're in hell, and someone always gets a cut. But how else is Chad Richison going to get his two hundred million dollars
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Apr 26, 2021 20:30
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I know the solution to fiscal incentives for CEOs: bomb collar that goes off if the stock price goes down too fast or if they go near a detuned radio F:NV has never steered me wrong.
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Apr 26, 2021 21:45
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tokin opposition posted:I know the solution to fiscal incentives for CEOs: bomb collar that goes off
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Apr 26, 2021 21:52
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What's funny about CEO pay is the justification boards use in shareholder meetings. Specifically they say that compensation needs to be able to "motivate" the CEO. That word is never used for low ranking employees, it's always "why do you deserve a raise?" with the employees having to justify their value to the company.
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Apr 26, 2021 22:12
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hmm I wonder who heads up the SEC these days? quote:In 1979, Gensler joined Goldman Sachs, where he spent 18 years.[14] At 30, Gensler became one of the youngest persons to have made partner at the firm at the time.[15] He spent the 1980s working as a top mergers and acquisitions banker, having assumed responsibility for Goldman's efforts in advising media companies.[16] He subsequently made the transition to trading and finance[17] in Tokyo,[9] where he directed the firm's fixed income and currency trading.[16]
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Apr 27, 2021 01:40
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human garbage bag posted:What's funny about CEO pay is the justification boards use in shareholder meetings. Specifically they say that compensation needs to be able to "motivate" the CEO. That word is never used for low ranking employees, it's always "why do you deserve a raise?" with the employees having to justify their value to the company. you see, jeff bezos is the real reason that amazon is successful and if we don't motivate him he'll go somewhere else whereas the meat we're throwing into the grinder is just meat and adds nothing to the value of the company. it's all the one guy at the top he's definitely the only person responsible for anything.
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Apr 27, 2021 01:49
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indigi posted:I've noticed this at a lot of places recently. I wonder what the deal is? competing with the gig economy? seems like it'd cost more for payroll to handle daily transactions like that so it can't be altruistic pure rear end speculation on my part but i believe i did some research into this out of pure morbid curiosity and the result is that the payments are more or less handled like a prepaid debit card that happens to have fees for every single thing possible, up to and including using it for payments, checking your balance, withdrawing, transferring, etc., unless you can find the one "no fees" atm that is probably stashed in a run-down 7/11 somewhere
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Apr 27, 2021 02:08
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I just saw a loving Lexus commercial that said David should be helping Goliath instead of fighting I don't even know what the gently caress I feel about it but I needed to post about it gently caress
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Apr 27, 2021 02:31
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https://twitter.com/EoinHiggins_/status/1386849380863414274
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Apr 27, 2021 02:41
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So Epstein, Clinton, Spacey, and Tucker were all on a plane together flying around Africa? Holy poo poo those poor kids.
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Apr 27, 2021 02:50
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