There’s a huge downside to hiring a bad CEO (or a bad realtor, or even a bad plumber), so people want the best. Also, shareholders should be free to pay whatev

There’s a huge downside to hiring a bad CEO (or a bad realtor, or even a bad plumber), so people want the best. Also, shareholders should be free to pay whatever they want, the same as homeowners. If you tried to tell me what rate I should be paying my plumber based on some moral reasoning I’d nod and ignore you, and as a shareholder I likely don’t want your opinion either.