3 ms·
CEOs of publicly traded companies don’t set their comp, the board does.
by briandear 8y ago
CEOs of publicly traded companies don’t set their comp, the board does.
- pishpash 8y agoThe board and the CEO are people who have known each other for years. On the other hand, I don't think that is the only source of problem. Companies have gotten way too big and the experience of running global conglomerates is simply not common. Add risk aversion to it and the same people, whether succeeding or failing, end up getting hired over and over. It's a lack of supply and lack of competition.
- lordnacho 8y agoBoard members have a portfolio of firms they are on, so they are less exposed to any single firm than staff. They are also part of the group that might be named CEO if a new one is needed, so it's in their interest to keep compensation high.
- dade_ 8y agoThe board approves the plan and I usually let my friends have what they want.