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>"should" investors demand the senior executives get pay cuts? Why? They just executed thousands of slaves, and there will be a massive drop in costs Why not?
by jmeister 4y ago
>"should" investors demand the senior executives get pay cuts? Why? They just executed thousands of slaves, and there will be a massive drop in costs
Why not? Investors are after every additional cent, and they don’t have special charitable feelings towards execs.
- kilgnad 4y agoThey do. The higher you are up on the ladder the more likely you'll be communicating with board members. Communication implies relationship and all the buddy buddy politics required to even get an executive position.
- ggm 4y agoThis guy gets it. You pay the board big bucks, to not have to worry about their conscience when they cut the labour force to make a short-term win. If you're in the set of people who are just along for the ride (make money, no other buy in to the outcome) then you don't ditch a board until the aircraft is within inches of crashing, and you have another one to jump onto. Google isn't looking for Victor Kiam to replace Sundar. Mind you, it would be "extremely entertaining" if they did. Emphasis on extreme I guess.
- gorbachev 4y agoAlmost all the board members also former executives, so they're already in the same peer group as them. It's also not uncommon, though less so in megacorps, for the board members to be family and friends, or a history of long mutually beneficial relationships.