Technology

No, I don't believe that, what would lead you to think that's my position? In fact, I appreciate that there is market conformity in compensation, and lowering wages of everybody from chair people down to entry level engineers is not so simple. It is exceedingly difficult to on one hand try to reduce expenses through wage reduction, while on the other continue to develop a competitive platform with industry experts.

I'm not saying there's no middle ground, because there certainly is. Indeed tech companies have been slashing jobs and perks to reduce costs. A recent example of that is with Disney, which included layoffs in Disney+. I'm not quite sure who in particular you're referring to in your last statement and surely I've misinterpreted what you mean with it, but to be clear, I personally don't think it would be fair towards employees to slash their income and expect them to work without making ends meet so that the rest of us to enjoy a recreational service.

That being said, I'm certainly not one to defend executive compensation. At the same time, we should appreciate that this is only a part of a much more complex issue than share price, dividends or executive pay. After all, even if the CEO received no compensation at all, it would make a negligible difference to the balance sheet and, by extension, our monthly service fee.

I want to reiterate that I don't disagree with you: corporate profits are certainly part of the problem. I just want to clarify that there are many more compounding external factors.