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When you hire the people that determine your compensation, not hard to get rich.
by astrodust 11y ago
When you hire the people that determine your compensation, not hard to get rich.
- derefr 11y agoBut the board hire the CEO. This would explain highly-paid board members, but not highly-paid CEOs.
- fahadkhan 11y agoCEO of big companies sit on the board of other big companies.
- astrodust 11y agoOften the CEO is so influential they get to pick the board, especially if the CEO is also a large shareholder. Even if they're not in as dominant a position they can pressure out the less desirable members of the board and install those that are more sympathetic.