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Have a look at how the CEOs get their position in the first place; it's more of a network of people using their current positions to extract money while jerking
by eastAligned 4y ago
Have a look at how the CEOs get their position in the first place; it's more of a network of people using their current positions to extract money while jerking each other off. It's not really a question of market effect or competence, it's more that if you try to find someone who asks for less and isn't in the network, the existing powers sink the stock price, buy shares and appoint a highly paid buddy to solve the problem they created in the first place.
- monero-xmr 4y agoIf it's so easy go start your own Fortune 500 company, or figure out how to "jerk someone off" to get the job. I think your cynical vision of how operating a large business works is wildly incorrect and is a left-wing fantasy.
- Apocryphon 4y agoIf you want to see how large numbers of such executives can all be wrong, you need only glance over at the front page of HN as of late, at the daily layoffs mea culpa letters.
- monero-xmr 4y agoYes I am sure you could do better and for only half the pay
- Apocryphon 4y agoShow me the money and let's find out.
- eastAligned 4y agoThere are a historical handful of fortune 500 CEOs that didn't start out with immense wealth. No matter how easy it is, I believe that success is more dependant on staying in line with the existing network than any real merit. Unfortunately the market value of a handjob from a non millionaire is closer to that of a big Mac than it is a C level position.