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I wonder the same thing. Why do CEOs get paid too much?
by namelezz 11y ago
I wonder the same thing. Why do CEOs get paid too much?
- heurist 11y agoIt was explained to me this way: in the US executive boards are unevenly weighted toward CO interests. In countries where wage experts and workers are more likely to sit on boards the ratio isn't absurd because boards are less likely to vote for higher executive wages (Japan and Europe have reasonable CEO wages).
- spitfire 11y agoIn Japan at least a large fraction of the compensation comes in non-monetary "perks". Ex: Company car, use of company plane, etc. Similar things happen in Europe. Though I'm sure it isn't as insane as it is in the US.
- pkaye 11y agoThe corporate boards members tend to be CEOs of other companies so they have a tendency to give each other raises because it is in their best interest.
- jfoutz 11y agoIn a global economy it's winner take all. .05% better might matter.
- endtime 11y agoNo board wants to admit they have a below average CEO, so they all have to pay them above average, which of course raises the average.
- eru 11y agoCoincidentally, CEO pay has really started exploding after publishing it became mandatory.
- TheLogothete 11y agoLet me ask you a question. When you don't know how to proceed in your job what do you do?
- collyw 11y agoGoogle / Stack overflow and proceed from there.
- TheLogothete 11y agoI guess Marissa Mayer could ask on Quora what to do. Or start an "Ask HN" thread. By the comments seems like all the corporate strategy experts hang around here.
- pjc50 11y agoOther way round: you don't get made CEO unless you're very good at knowing the right people and convincing them to give you money.