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> That may be a terrible decision, but it shows the extent of resources a CEO of a $6bn organization commands. This is one choice out of tens to hundreds of 8-f
by magicalist 3y ago
> That may be a terrible decision, but it shows the extent of resources a CEO of a $6bn organization commands. This is one choice out of tens to hundreds of 8-figure choices that this “super manager” will make in a year.
This argument sounds a lot like it doesn't matter what decisions they make as long as they're in charge of a lot of capital.
> If you’re on the board of an organization like that, settling for a second-best CEO to save a 7-figure sum just doesn’t make sense.
If this is the only thing checking bad decisions, we have to consider that when there's a little oligarchy of buddies controlling an immense concentration of capital deciding each other's compensation, there are different market forces at work.