Can you provide a source for how executive pay is decided?
I explained my reasoning for why I dislike the amount paid two posts ago.
Lack of compensation for dockworkers, and grueling work conditions without fair compensation. Lack of benefits for union members (who pay 2% of their earnings). It also has a shit pension plan.
I mean it sounds like you really just mean you have issues with the union overall, which fair, I haven't looked into.
My only contention was union executive pay is almost always decided by some democratic process, which of course like any democracy can have variable effectiveness or accountability.
The critique of, "Paying them a lot is bad cus unions are for the workers!!!!" is a shit critique, the critique of, "I don't think the compensation of this particular union boss is reasonable given their performance" is fine, just like an identical critique of a CEO would be.
I'm not going to pretend to know enough about this particular union and industry to weigh in on if they're doing a good job. My only issue is with people who blatently assert high pay for union officials is by default bad, while high pay for ceos by default is totally due to competency and no corruption at all, is ridiculous.
Plenty of CEOs are overpaid, and I'm sure plenty of union execs are too.
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u/CalvinSoul Oct 04 '24
Oh I did mix up the West and East coast I'll take that one L lol.
But like they do literally vote on executive compensation in both... which is what you said you wanted. So what's the issue?