3 ms·
> Why are you assuming that money is their only incentive? Why are you assuming that I think money is their only incentive? I was replying to a comment contem
by rectang 7y ago
> Why are you assuming that money is their only incentive?
Why are you assuming that I think money is their only incentive?
I was replying to a comment contemplating that "the incentives may be correct now". The amount of money guaranteed to executives chasing short-termism provides a perverse incentive working against any desire to do their job well. There are multiple incentives, but they are not aligned.
> There's an S curve to the utility of money.
Seems to me that it's more like a bell curve, with the optimal center waaaay to the left of where it is today. Pay too much money and the temptation for CEOs to max out their own gains at the expense of the company's long term health rises.