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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (779605)4/14/2014 1:49:15 PM
From: Tenchusatsu  Read Replies (1) of 1573829
 
Ted,
No, they are not. They are determined by a Board of Directors who are mainly CEOs from other companies.
Try again, Ted. The BoD doesn't concern itself with the costs of labor.

It's the CEO's job to balance costs of labor with productivity and profitability. If the CEO fails at that, the BoD will appoint someone else.

By the way, if you look at "employee-owned" companies, you'll find that salaries there are not much different than companies run by "virtual oligarchies."

Tenchusatsu
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