Grafenwalder wrote:Maddog wrote:Grafenwalder wrote:Maddog wrote:Grafenwalder wrote:In 2015 this CEO put all his employees on $70k pa minimum - and took a $1 million pay cut himself which saw him eviscerated as "a socialist and enemy of capitalism" whose business would go bust.
But six years later he's doubled the amount of employees and tripled business. Everyone is still on $70k pa including the CEO.
There are no CEO's in a socialist economy.
It works in Germany and has done for many years so not new. Known as Genossenschaften they use CEO's.
Well, Germany is a capitalist country, so they should have CEOs.
China has CEO's.
https://www.chinadaily.com.cn/a/202008/ ... 616f3.html
No shit. Because they now have private ownership over the means of production.