The Rich get Richer and the poor get… no more damn Scooby snacks!

people and relationships, society

One of these initiatives will include discontinuing the snacks and refreshments historically provided by Prodigy. I know you all understand that drastic times calls for drastic measures and will support this initiative.”
– from a leaked internal memo

I don’t know how much the CEO of Prodigy makes, but my guess is it’s in the millions of dollars a year.

A few months ago, I read an article about how the CEO of E-Trade’s salary and compensation totaled over $100 million. That’s surely nauseating enough… and made even more barf-inducing when you realize that, at least as of the time of the article, E-Trade isn’t even profitable!

Compare these obscene amounts of money with the moolah likely required to provide a modicum of snacks for a few hundred or even thousand people. For instance, a super-large pretzel bag at Costco: $2.39. $100 million bucks… that’s a lot of pretzels for hungry and often probably overworked employees.

$2.39 * a hundred or two a month would undoubtedly be a tiny tiny sliver of an executive’s salary. But taking away that seemingly silly perk probably does a hell of a lot more than $2.39*x damage to a company’s morale.

Those that know me are probably chuckling at least a bit, since I’m widely known as a super-snacker… someone indeed obsessed with food and eating overall (in, I think, a good way :-). But I hope my main point here is still taken seriously:

In this age when our politicians are hypocritically railing against “abuses” in our system, no one is daring to raise a peep about how maybe, just possibly we have an more serious problem: leaders of even unprofitable companies are making hundreds of millions of dollars a year while the same companies and even sometimes their employees can barely afford ramen noodles.

It isn’t this way in other countries, at least not in most European countries I know of. I firmly believe that there’d be a huge public outcry in France, for instance, if a company instituted significant cutbacks or layoffs and the CEO was still making more than 100x what the rank and file people of the country earned.

I’m not a communist. I believe in hard work and bootstrapping and the overall American Dream and so on. But I think that something’s gotten way out of (invisible) hand here with our economic and social systems, and I also think that something needs to change. I wish I knew how.

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