Thread regarding Wells Fargo & Co. layoffs

Friday 8/4/23- Pay Ratio Disclosure Day observed

SEC.govhttps://www.sec.gov › press-releaseSEC Adopts Rule for Pay Ratio Disclosure

Friday 8/4/23- Pay Ratio Disclosure Day observed. On 8/5/2015, the SEC Adopted Rules For Pay Ratio Disclosure. All employees of companies with a CEO pay ratio greater than 100% are encouraged to take the day off. Since 8/5/23 falls on a Saturday, Pay Ratio Disclosure Day will be observed on Friday 8/4/23. If a CEO is providing 100 to 6000% more value than the average worker, then they will have it covered. On 8/4/23 superhuman CEOs will single-handedly manage all of their companies without their worthless employees’ support. Any CEO resorting to relying on the support of employees to actually run their businesses will agree to a compensation correction that will put their compensation at no more than 100% of the average worker’s wage.
If these men/women are superstars worth 100+ of their employees, they will prove it. We all know they’re not worth what they’re paid.
8/4/23 - stay home. It’s reasonable that the person making 2000 times more than you covers for this one day.
See CEO compensation ratios here:
AFL–CIOhttps://aflcio.org › paywatch › com...Company Pay Ratios

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| 1319 views | | 4 replies (last April 20, 2023) | Reply
Post ID: @OP+1me5arII

4 replies (most recent on top)

...and destroying morale in the process. Mind you, many of the people still here are the ones working our collective as--s off to get Wells out of regulatory jail.

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Post ID: @pmd+1me5arII

@pgq+1me5arII

There's nothing more anti-capitalist than paying a complete buffoon $30M/year to run this company (into the ground). If this tool was doing a good job, high comp is justified. He's not, not even close.

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Post ID: @ruc+1me5arII

Is this supposed to be from the onion, but not funny at all?

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Post ID: @oep+1me5arII

Wish my whole team would do it but there's no way they'd let that happen.

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Post ID: @jre+1me5arII

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