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Many people with the skills to be CEOs of important companies would consider $1M a rounding error. It makes no difference to their economic outlook. Also, ther
by _dps 5y ago
Many people with the skills to be CEOs of important companies would consider $1M a rounding error. It makes no difference to their economic outlook.
Also, there are many ways to make $1M without the risk and responsibility of being a CEO (among other things, just making low-risk investments with a $20M portfolio).
So between the comparative ease of making $1M elsewhere, and the low impact of $1M (to someone with tens of millions in the bank), it's not surprising why such people cannot be had for that price.
- jordanpg 5y agoAre you saying that, as a result of being so incredibly talented, by definition, executives are already rich and therefore have to be paid more to keep them around for their valuable services and wisdom?
- _dps 5y agoI take no position on talent or wisdom, but yes the kinds of people capable of being F500 CEOs are mostly already in this category of richness.