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People have tried the CEO pay thing. Ben and Jerry's, specifically. They limited to something like 10x. And completely failed to find any qualified candidates w
by likpok 18y ago
People have tried the CEO pay thing. Ben and Jerry's, specifically. They limited to something like 10x. And completely failed to find any qualified candidates who were willing to work for that.
Then they raised it slightly (14x?) to get someone, who turned out to be a bad CEO, and had to fire him and raise it more (30x?) to get someone decent.
The fact of the matter is that CEO's are paid for the value they bring to the company. The reason they are so well paid is market forces, much the same reason why you are paid the wage you are paid.