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This is straw man bullshit. Were c-suite execs less competent before the 90s when executive pay regulations were repealed? Also, your argument cuts exactly in

• gruez 2y ago
  >This is straw man bullshit. That's not what strawman means. I mentioned an objection with paying CEOs less, but there's no implication that's the other side's argument. If that counts as strawmanning, what you're doing is arguably strawmanning as well. >Were c-suite execs less competent before the 90s when executive pay regulations were repealed? What regulations are you talking about? Also, I'm not sure how you got the impression that high pay causes good performance. Clearly paying a monkey $10M isn't going to magically make him a competent CEO. However, there are good CEOs and bad CEOs out there. Microeconomics dictates that firms will bid up their salaries, causing the more competent CEOs to be paid more. If there are regulations on executive salaries, of course that's going to lower the price, by definition. The same would apply if government capped the salaries of software engineers. That doesn't mean there wouldn't be competition between firms, it'll just get shifted to non-financial compensation eg. company cars or whatever.