So when the CEO of Nintendo cut his salary due to the poor sales of the Wii U and every American tech writer praised him for it, that was just common practice in Japan?
He voluntarily cut his salary in half. That’s more along the lines of taking responsibility than shoring up the company. CEO pay is a tiny percentage of revenue, despite what lemmy thinks. To make a serious dent, pay would have to be cut across all the C suite, and much deeper.
Every thread where you see “ceo of failing company gets $3M bonus” followed by “those workers could have used that” ignores the fact that there are so many employees that, divided evenly, it’s never more than $5, and frequently less than a dollar.
Yes, that’s technically better than nothing. And I agree the CEO doesn’t deserve a bonus if their company is failing. But focusing on this is missing the bigger picture of the lack of workers’ rights in America, and paints a target on the wrong people (CEOs instead of the government).
It’s a different culture altogether, where a job is expected"for life", which also makes it difficult to quit a job. People are literally hiring other people to deliver their resignation notices because it’s impossible to do in person.
This is for full-time “permanent” employees known as 正社員 (seishain). There are cases where a long-term contract worker gains those same protections (I think after 5 years, but I’m not too up on that).
Various other types of employment have their own restrictions and freedoms to varying degrees on both sides, but I’m not super knowledgeable there.
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So when the CEO of Nintendo cut his salary due to the poor sales of the Wii U and every American tech writer praised him for it, that was just common practice in Japan?
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He voluntarily cut his salary in half. That’s more along the lines of taking responsibility than shoring up the company. CEO pay is a tiny percentage of revenue, despite what lemmy thinks. To make a serious dent, pay would have to be cut across all the C suite, and much deeper.
It is the most obvious symptom of the problem, that’s for sure, no wonder it’s the most targeted
Every thread where you see “ceo of failing company gets $3M bonus” followed by “those workers could have used that” ignores the fact that there are so many employees that, divided evenly, it’s never more than $5, and frequently less than a dollar.
Yes, that’s technically better than nothing. And I agree the CEO doesn’t deserve a bonus if their company is failing. But focusing on this is missing the bigger picture of the lack of workers’ rights in America, and paints a target on the wrong people (CEOs instead of the government).
It’s a different culture altogether, where a job is expected"for life", which also makes it difficult to quit a job. People are literally hiring other people to deliver their resignation notices because it’s impossible to do in person.
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People mostly, from what I understand, hire those companies to avoid harassment and trying to be bullied into continuing to work for shitty companies.
It’s hard to get fired as a permanent employee, but not impossible. That said, the idea of “lifetime” employment is definitely not what it used to be.
Yea instead of firing you they’ll try their hardest to get you to quit. They’ll send you to the 追い出し部屋.
this doesn’t apply to contractors and part-time employees, AFAIK
This is for full-time “permanent” employees known as 正社員 (seishain). There are cases where a long-term contract worker gains those same protections (I think after 5 years, but I’m not too up on that).
Various other types of employment have their own restrictions and freedoms to varying degrees on both sides, but I’m not super knowledgeable there.
That was several years ago, so surely the water isn’t that hot. Have they tried bringing it to a rolling boil yet?
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Ooh, ‘boil the billionaires’ has a nice ring to it