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It looks like the OP doesn't like CEOs. Fair enough, what with CEOs raking in the moolah while the stock underperforms / short-sighted decisions that pander to
by rmk 16y ago
It looks like the OP doesn't like CEOs. Fair enough, what with CEOs raking in the moolah while the stock underperforms / short-sighted decisions that pander to the 'analysts' are taken etc.
But, the OP also seems to be making the mistake of implying CEOs == the rich. This is patently absurd. There are plenty of rich people who are not CEOs. How about Larry Page, Sergei Brin, Michael Jordan, Barack Obama, Senators of the United States?
- loewenskind 16y ago>It looks like the OP doesn't like CEOs. Not at all, it's a needed and valuable position to be sure. And I have no problem with them being the highest paid person in the company, even by several times. I just think the vast majority are ridiculously over paid. >But, the OP also seems to be making the mistake of implying CEOs == the rich. No, I was singling this group out as a big source of inequality. Larry and Sergei are founders. Their wealth (initially) didn't negatively impact anyone else. Michael Jordan made his money directly from advertising which means he was paid what companies thought was fair [1]. Politicians get rich from corruption and gaming the system. The difference between them and overpaid CEO's is that what they do is obviously illegal or at least immoral. Lots of people herald overpaid CEO's as something to aspire to. [1] This is different from a typical mid to large size company CEO who's pay is decided by a board (i.e. often totally shielded from any market forces). The board will mostly be composed of people who are themselves CEO's of companies for which this CEO is a board member...