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> overly generous executive pay ... it costs me money But how can you prove that? The very justification for generous executive pay is that you couldn't get m
by mgkimsal 3y ago
> overly generous executive pay ... it costs me money
But how can you prove that? The very justification for generous executive pay is that you couldn't get most people to do that role because it's so demanding and without these particular people, revenue/profits would tank. (slight exaggeration, but I don't think by much).
- orangepurple 3y agoI would buy that argument if entire American industries in question weren't mired by regulatory capture making competition impossible
- BugsJustFindMe 3y ago> The very justification for generous executive pay is that you couldn't get most people to do that role because it's so demanding That's also my justification when I eat a second bowl of ice cream. Surely nobody else will want this ice cream. I guess I'll just have to eat it myself.
- mgkimsal 3y ago"This ice cream isn't going to eat itself" :)
- Retric 3y agoOverly generous is by definition excessive, not everyone paid at or above market rates is worth it. Someone making 5 million a year could actually be worth the money. So, it’s not a universal failing at every company, but there’s many examples of such things happening. Private equity is much maligned, but it has turned around some failing companies by gutting upper management then having a new IPO which worked out fine.