One should first note that IEEE does not pay authors for content. Authors create their content and the research behind it either on their own dime or that of their employer, granting agency, etc. What's more, many IEEE publications are tied to events, so on top of creating the content, authors must fund travel and presentation time and expenses so that IEEE can charge for the event. They don't even comp admission for their speakers, so you pay them to present at their events.
In case that wasn't bad enough...IEEE's publications are generally only available to IEEE members. They've lowered the base fee for this in recent years, but added a bunch of ancillary fees, so I'm not sure whether it's really an improvement.
The default IEEE publishing contract[^1] is so restrictive that I could not, e.g. use my own paper in a seminar I taught at a tech conference, or in my own thesis or dissertation (not that I'm planning one) without separate permission per use from IEEE, the granting of which has historically