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Why do boards and shareholders agree to that? EDIT: So collusion amongst CEOs explains why boards agree to it. Why do shareholders?
by tome 8y ago
Why do boards and shareholders agree to that?
EDIT: So collusion amongst CEOs explains why boards agree to it. Why do shareholders?
- organsnyder 8y agoGroupthink.
- Analemma_ 8y agoWho is on the board? Boards are mostly made up of CEOs of other companies. Agreeing to excessive compensation is a "you scratch my back, I'll scratch yours" situation.
- jimbofisher1 8y agoBecause they are also CEOs at large companies and also want bloated salaries so they approve them for their counterparts.
- typon 8y agoBecause the average shareholder has negligible say in the operations of the company or who makes up the board.