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Is this guy serious? Imagine having so much money and then being mad for other people trying to earn more money so that they don't have to work for 40 years. T
by newbie578 4y ago
Is this guy serious? Imagine having so much money and then being mad for other people trying to earn more money so that they don't have to work for 40 years.
There is absolutely no accountability today. Is it not the CEO at fault if the company made a wrong decision? If he gets to reap the benefits his employees make which results in him getting obscene compensation, is it then not logical to also get a pay reduction if employees get fired.
I have a feeling these CEOs would be a lot less willing to do firings on a whim, if by firing 20k people they lost 30% of their compensation.
The older I get, the more I realize how much Nassim Taleb is right. All of the points made in his book are valid and are still standing the test of time.
There is no Skin in The Game today, hedgies and C-execs just jump ship when it is time to face your consequences. There is a big difference between being a Founder and being a CEO. The former actually deserves some respect.