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Is there any sort of compelling evidence that CEOs ought to be paid so much money? Seems like you get a fairly sweet haul whether you help the company thrive or
by lordleft 11y ago
Is there any sort of compelling evidence that CEOs ought to be paid so much money? Seems like you get a fairly sweet haul whether you help the company thrive or run it to the ground.
- nickpsecurity 11y agoNo it's cartel-style behavior. There's significant overlap between CEO's, boards, VC's, and so on. Reduced down to something like this: "I'll authorize you to get stupid rich so long as you let me fo it. We'll keep doing it because we can." Type "leaked citigroup memos and political gates" into Google to see their people say it. They even went so far as encouraging them to pay themselves even more and invest in luxury goods. Haha.
- bitlax 11y agoIt's what she negotiated for based on her track record. Obviously someone who runs a company into the ground is not worth anything. But a CEO can increase the value of the company enough to justify their compensation package.
- gmarx 11y agoIt used to be that CEOs of large companies were not expected to make this much. Her base salary would have been typical in the old days but not the rest of it. The change occurred in the 1990s when the CEOs of companies like GM looked at the CEOs of companies like Oracle and figured, we are bigger than they are so I should be worth at least that much money.