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Steve Jobs is practically an example of WHY top CEOs get paid so much. Apple was basically in its death throes when he came back. A few years later they had the
by billti 3y ago
Steve Jobs is practically an example of WHY top CEOs get paid so much. Apple was basically in its death throes when he came back. A few years later they had the iPod. A few years after that the iPhone. When he died in 2011 they were well on their way to being the worlds most valuable publicly listed company.
I do think a lot of CEOs are way overpaid. That said, if a couple hundred million package means the difference between a company folding and firing everyone, or being a multi-billion dollar business with thousands of employees, the math works out.
- throw0101b 3y ago> Steve Jobs is practically an example of WHY top CEOs get paid so much. Yes, I explicitly mentioned that: without Jobs AAPL would not be where it was today. But he was replaced. If someone as instrumental as Jobs can be replaced then so can any CEO that is/was less instrumental. And what other CEOs are / were as instrumental as Jobs? What other major companies need to have someone of that calibre? * https://en.wikipedia.org/wiki/List_of_S%26P_500_companies https://en.wikipedia.org/wiki/List_of_S%26P_500_companies > That said, if a couple hundred million package means the difference between a company folding and firing everyone, or being a multi-billion dollar business with thousands of employees, the math works out. Now do the example of packages that cost millions of dollars and the CEOs wrecked the companies, like Boeing, or Enron, or WorldCom. Or Jack Welch's financial shenanigans at GE.