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That's just cherry-picking one particular case with a positive outcome. The last few Boeing CEOs were also paid tens of millions per year and ended up running t
by fsh 6y ago
That's just cherry-picking one particular case with a positive outcome. The last few Boeing CEOs were also paid tens of millions per year and ended up running the company (and two planes) into the ground.
- fastball 6y agoYes, but this is in response to "nobody should make 200x their employees". But it's really not that simple. Some CEOs are that valuable. Some are not. You need to figure out if they're a Boeing CEO or a Steve Jobs and compensate them accordingly.
- tluyben2 6y agoYes, some are probably. Steve Jobs, Nadella probably but it's maybe 10 in the world? The rest really are not.
- quickthrower2 6y agoHow do you figure that out? If someone is genius looking 20 years into the future like a time machine, they may look like an idiot today.
- fastball 6y agoI have no idea. But that’s not the point. The point is that Apple and Apples shareholders (and probably Apple customers) would probably trade 1000 existing Apple employees if they could just get Jobs back. Some leaders are worth it. This is why blanket statements like “no CEO should make 200x another employee” or (in the same vein) “nobody should have $1B” are silly. Constructive conversations don’t start with highly subjective absolutes.
- quickthrower2 6y agoYeah I agree and with Jobs, Bezos etc. I mean they have all the power right? Is someone going to cap their pay at their height. It’s like not feeding the golden goose. I’m not sure how this fairs for the “average” ceo though.
- roenxi 6y ago> Some CEOs are that valuable. The question isn't "are they valuable" though. The question was "how much should they be paid". There are people in labs, technical committees and various other key institiutions who create untold billions of dollars in value far in excess of what Jobs did. I doubt Alexander Fleming made money in proportion to the value of his contribution. I don't necessarily disagree with how CEOs are paid. But I do disagree with the idea that value factors into the conversation somehow. Nobody is paid based on their value except by accident.
- WalterBright 6y agoPeople in the free market are paid based on the value they are expected to contribute. The reason is pretty simple - supply & demand.
- hobofan 6y ago> The wrong hill, the company languishes
- WalterBright 6y agoThat's true, but these compensation packages are determined in advance. Every company takes a risk that it is hiring the right CEO. As Boeing's case illustrates, getting it wrong can be VERY expensive. In fact, Boeing's case proves that a good CEO is worth 200x, because look what a bad one costs.