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I'm okay with CEOs making more money, but what I can't stand is the golden parachutes and lack of responsibility.
by yahna 9y ago
I'm okay with CEOs making more money, but what I can't stand is the golden parachutes and lack of responsibility.
- saint_fiasco 9y agoApparently they do that because otherwise CEOs would never take risks, for good reason. You can't be CEO of several companies, so a CEO is fully invested in the success of that one company. From the point of view of a CEO, it makes sense for the company to not take risks. On the other hand, investors can invest in diverse companies and expect some of them to fail and some of them to win big. From the point of view of an investor, it makes sense for the company to take risks. Therefore investors pay CEOs a lot and give them golden parachutes to prevent CEOs and investors from having opposite incentives.
- thanksgiving 9y agoI am not ok with a golden parachute at all, especially for people like John Thain but also for all publicly traded companies.
- watwut 9y agoWhat exactly is risk here? That the person is looking for another job (which tends to be succesfull) and the he is not super uber rich, just very rich? I give you that being good ceo is hard and all that. But seriously, calling it financial risk is ridiculous.