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> If yes, then it's pure greed. If no, then it's too much. I think these numbers are set by compensation committees of the Board of Directors using consultants

by voisin 5y ago

> If yes, then it's pure greed. If no, then it's too much. I think these numbers are set by compensation committees of the Board of Directors using consultants that analyze other private and public company data. So if you have some small number of greedy individuals pushing for massive compensation based on stock performance, then that trickles through the industry. Cook doesn’t have to be greedy to just not want to be underpaid relative to market, even when the market is set by a few greedy individuals. It is a race to the top. Solvable via regulation if anyone really cared, but I suspect no one really does.

crispyambulance 5y ago
> It is a race to the top. Solvable via regulation if anyone really cared, but I suspect no one really does. Well put. I suppose no one cares enough because, after all, there aren't THAT MANY billionaire tycoons. And, sure, they perform a valuable function in putting many people to work and giving away millions of turkeys on thanksgiving, etc. But now, we're in an era of billionaires racing each other into space and compensation levels which are "astronomical". It's in some ways a repeat of the age of robber-barons except I don't see it slowing down any time soon. Now I wonder what ended "the gilded age" ~100 years ago? Oh yeah, world war + economic crash.