Row 86984

Row ID: 86984 | Dataset Entry | Axioma AXP Content Repository

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Because you are the sole owner of the LLC. Not because you are its CEO. CEOs of public companies have to get approval from the majority of shareholders and that’s after the board of directors requests the raise in the first place. For private companies it can be a little different, but the owners are the ones giving the CEO the raise out of their own pockets.

And of course I ignored the math. Average salary is not a metric economists use because it’s easily skewed for the exact reason you suggested. Pointing it out is not the aha u think it is.

I have a chemistry degree and I have never read any primary source from any famous chemists before. Not sure why you think reading primary sources is important at all. I don’t even think most economics PhDs would have read any of them unless they specifically took a class on history of economics. Reading old people’s books is not something you have to do to be well versed on a topic. Most of this stuff didn’t even exist in Adam Smith’s day. The only famed economist I’ve read is Paul Krugman’s textbook. Regardless all of the information I have presented you with is easily googleable and well-known to anyone who has a basic understanding of how corporations and economics work.

FieldValue
text Because you are the sole owner of the LLC. Not because you are its CEO. CEOs of public companies have to get approval from the majority of shareholders and that’s after the board of directors requests the raise in the first place. For private companies it can be a little different, but the owners are the ones giving the CEO the raise out of their own pockets. And of course I ignored the math. Average salary is not a metric economists use because it’s easily skewed for the exact reason you sugge…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

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  "text": "Because you are the sole owner of the LLC. Not because you are its CEO. CEOs of public companies have to get approval from the majority of shareholders and that’s after the board of directors requests the raise in the first place. For private companies it can be a little different, but the owners are the ones giving the CEO the raise out of their own pockets.\n\nAnd of course I ignored the math. Average salary is not a metric economists use because it’s easily skewed for the exact reason you suggested. Pointing it out is not the aha u think it is.\n\nI have a chemistry degree and I have never read any primary source from any famous chemists before. Not sure why you think reading primary sources is important at all. I don’t even think most economics PhDs would have read any of them unless they specifically took a class on history of economics. Reading old people’s books is not something you have to do to be well versed on a topic. Most of this stuff didn’t even exist in Adam Smith’s day. The only famed economist I’ve read is Paul Krugman’s textbook. Regardless all of the information I have presented you with is easily googleable and well-known to anyone who has a basic understanding of how corporations and economics work.",
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Entry Information