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It is possible for a person to have enough institutional knowledge and skills that make them essentially irreplaceable (possibly someone that is a prominent hea
by thefool 16y ago
It is possible for a person to have enough institutional knowledge and skills that make them essentially irreplaceable (possibly someone that is a prominent head of some team who holds enormous control over the future direction of a product). It is the same rational for why CEO's routinely make such amounts of money per year.
It's because the decisions that they make have far reaching consequences, and if the CEO of a company is just a little better, it can snowball into a huge return. It is possible that a person in a position of power could easily represent a change in more than 3.5 million dollars in revenue in a year.
That said, from the personal perspective, I agree completely, no one could possibly ever make better use of so much capital as compared to what it could do when put towards some community venture. But in our system, this is something that the person receiving the money must come to terms with.