3 ms·

Market prices just reflect supply and demand. If there are insufficient numbers of people qualified to act as CEO of a struggling fortune 500 company, and such

Market prices just reflect supply and demand. If there are insufficient numbers of people qualified to act as CEO of a struggling fortune 500 company, and such people are paid very well, then there's a strong incentive for anyone remotely qualified to do whatever possible to appear qualified, so that he/she might receive that high level of compensation.

jshen 15y ago
"Market prices just reflect supply and demand" This isn't true. One example off the top of my head, good looking people get paid more. They aren't more qualified, yet they get paid more. Even at the executive level.