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Even CEOs who don't start the business and are paid more money that seems necessary are probably worth it. Lloyd Blankfein gets 50M+ at Goldman Sachs but with p
by bb2018 8y ago
Even CEOs who don't start the business and are paid more money that seems necessary are probably worth it. Lloyd Blankfein gets 50M+ at Goldman Sachs but with profits of 10B its hard to argue hiring the best possible CEO won't help improve profits by a tiny percentage.
Is it fair that society lets someone keep so much money? Maybe not. But if you are an owner (directly or through stock) or even an employee who de facto wants the company to succeed, it is mutually beneficial to have such highly compensated executives.