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US executive pay rises at fastest rate in 14 years (www.ft.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 3 months ago

Robin Ferracone, chief executive of Farient advisers, a pay consultancy, said burgeoning executive pay awards were largely being driven by “companies wanting to keep their CEOs from taking phone calls from [rivals’] search committees”.

This is exactly the problem of the internationlized bourgeois class. Any country which relies on the bourgeoise for economic stewardship has to compensate the bourgeoise handsomely because they can always look across the pond and move to a different firm or country. Internationalism is a really powerful tool for any class with the organizational capacity yo use it. It also means that a severe blow to the bourgeoise in 1 country will be a blow to the bourgeoise everywhere. Kind of how the fall of the ussr sent shockwaves around the whole of the socialist world.