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> "The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by

> "The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself." The board decides the CEO's salary, no?

adrian_b 2y ago
The board members are frequently CEOs of other companies, where the CEO whose salary is decided may be a board member.
- robertlagrant 2y ago
  Can you cite this, please?
  - S3rM5Y5 2y ago
    https://theyrule.net/ https://theyrule.net/
  - graemep 2y ago
    If not CEOs, they will mostly have a senior role in other businesses with similarly inflated salaries, and be potential future CEOs.