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Exactly. You get paid $280 million precisely because you're supposed to see past temporary economic conditions. If a CEO can't understand Econ 101 for the milli
by ChiMan 4y ago
Exactly. You get paid $280 million precisely because you're supposed to see past temporary economic conditions. If a CEO can't understand Econ 101 for the millions he gets paid, then it's time for him to go. A fourth-grader can read a spreadsheet and see temporary revenues that will, based on that alone, provide the financial ability to hire more people.
You don't pay an executive millions because he has fourth-grade economic understanding.