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I’m not sure how comparable a professional athlete is to a CEO. CEOs exist to help a company sell more product, while in sports the athlete IS the product. In
by filoeleven 7y ago
I’m not sure how comparable a professional athlete is to a CEO.
CEOs exist to help a company sell more product, while in sports the athlete IS the product. In that respect they have more in common with movie stars than with CEOs.
Which I suppose just raises the question of the rule applying to movie studios—a similarly unlikely scenario—and how CA can defend the inconsistency. Is there a loophole for sports/film in that the famous people are contractors and not employees? I don’t know if that’s even the case, just ruminating.
- solveit 7y ago> I’m not sure how comparable a professional athlete is to a CEO. I agree that this is a difficult question. But why in the world is the government, with all it's perverse incentives, trying to figure this out? The shareholders, the people with a literal financial stake in the outcome, have spoken. Good CEOs are worth their weight in gold. Actually, gold isn't valuable enough. Steve Ballmer's resignation immediately added $20 billion to Microsoft's market cap. That's worth about 400,000 kilograms of gold.