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My take is that organisations after some time begin to mimic animal farm or emperor's clothes type behavior. CEO genuinely believes their contribution to a comp
by mmsimanga 9y ago
My take is that organisations after some time begin to mimic animal farm or emperor's clothes type behavior. CEO genuinely believes their contribution to a company they ran for five years yet has been around 50 years is worth hundreds of millions. I have no issues with founders taking that amount of money. Director of marketing doesn't want to be outdone, vice president ...
This is why we are so busy and why companies are chasing growth at all costs.
- prostoalex 9y agoMost boards would likely block any kind of cash compensation approaching eight or nine figures, and will strongly insist on stock options. The headlines you see about 9-figure CEO compensation are mainly related to companies whose stock has outperformed. CEOs whose stock languished and didn’t amount to much compensation rarely make magazine covers.
- mmsimanga 9y agoFair enough. Everything is legal, above board and not all CEOs get the big payload when they eventually sell their shares. Does that make it right?