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Why does the CEO of a private company have incentive to fix things? Presumably because they’ll be fired if they don’t. How is that any different for the head of
by nicoburns 5y ago
Why does the CEO of a private company have incentive to fix things? Presumably because they’ll be fired if they don’t. How is that any different for the head of a governmental organisation?
- twblalock 5y agoStock compensation.
- nicoburns 5y agoI mean sure, but do you really feel like that’s necessary for someone to be motivated to do a good job. IMO there’s plenty of incentive without that.
- kortilla 5y agoWell you’re completely wrong. The vast majority of a CEO’s compensation is tied to the success of the company (often >90% comes in stock). It’s the difference between life changing money (early retirement, vacation anywhere any time, etc).