Working class means your primary wealth generation tool is selling your labor. The compensation plans vary widely, but I think most CEOs are earning most of their wealth through a salary vs returns on things they own.

You can hate it all you want, but that's what working class means.

[–] WoodScientist@lemmy.world 0 points 1 month ago (1 children)

They're mostly paid in stock options.

[–] Yondoza@sh.itjust.works 0 points 1 month ago* (last edited 1 month ago)

According to Forbes, on average 60% of CEO compensation is equity. In short, I was wrong. My bad!

[–] josefo@leminal.space 0 points 1 month ago (1 children)

Ok genius, what's the"labor" provided by a CEO? How do horizontal organizations like cooperative manage without that piece of labor? Do you know what a traitor of it class is? It's the reason police don't get the working class title either, they are watchdogs that provide no labor value, just means of control for the ruling class. Fuck capitalism, CEOs, the police, and everyone collaborating with oppression.

[–] Yondoza@sh.itjust.works 0 points 1 month ago

I don't think value to society weighs into the equation, just the ratio of salary to ownership wealth gain.

There are bad people in the working class that are a net detriment to society, just as there are good people in the owning class that are a net benefit. Those good and bad deeds don't change how they accrue wealth and therefore don't change their class.

This working class isn't a morality judgement, it's a wealth ratio per individual.