The lowest estimate I found of sales volume through self checkout is 38%.
So a 10% self checkout discount is 3.8% hit to revenue. When profits are only 2.8% they’ll take a 1% loss.
The CEO pay being only 0.4% of that $3.8B profit. Isn’t remotely enough to matter.
Do you think the CEO compensation is the only place they are siphoning off funds to the oligarchs? And even with all the greed, they are still admitting to robbing $3.8B from the working class. That’s all profits are.
The system rewards greed and corruption. So that’s what they do. They conspire with other corporations to inflate prices. They take advantage of disasters to gouge consumers. These aren’t conspiracies, they are things that have been admitted to under oath and discovered through investigation.
They’re welcome to lie with the numbers! But then I can at least reason about it. Right now, we’re looking at some cherry-picked end points and ignoring the proposed numerics entirely.
We’re looking a 2 different things here. I’m doing the math on a specific policy and how it would effect a specific company. You come back with generalizations and broad conceptions.
You are right generally. We agree generally. But here specifically, this policy won’t do anything to help that. It’s bad policy-making. We’re both right.
The CEO of Kroger made $15.63 million in 2024. Pretty sure there are lots of ways they could make it work. They choose not to.
That’s not how math works.
2024
Revenue was $147B
Profit was $3.8B or 2.8%
The lowest estimate I found of sales volume through self checkout is 38%.
So a 10% self checkout discount is 3.8% hit to revenue. When profits are only 2.8% they’ll take a 1% loss.
The CEO pay being only 0.4% of that $3.8B profit. Isn’t remotely enough to matter.
This won’t lower prices.
Do you think the CEO compensation is the only place they are siphoning off funds to the oligarchs? And even with all the greed, they are still admitting to robbing $3.8B from the working class. That’s all profits are.
The system rewards greed and corruption. So that’s what they do. They conspire with other corporations to inflate prices. They take advantage of disasters to gouge consumers. These aren’t conspiracies, they are things that have been admitted to under oath and discovered through investigation.
The numbers are public. You can do the math and convince us.
say you’ve never worked in accounting without saying it
They’re welcome to lie with the numbers! But then I can at least reason about it. Right now, we’re looking at some cherry-picked end points and ignoring the proposed numerics entirely.
no one public will be able to notice
when it comes out some poor smuck will go to jail over it
We’re looking a 2 different things here. I’m doing the math on a specific policy and how it would effect a specific company. You come back with generalizations and broad conceptions.
You are right generally. We agree generally. But here specifically, this policy won’t do anything to help that. It’s bad policy-making. We’re both right.
That’s an abysmally small number compared to the amount of product they move.
Yes, sure, CEO’s should make less. But that amounts to fractions of a percent on the typical purchase, not 10%.