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It's not zero-sum because companies can grow. People love to complain about CEO compensation but does anyone doubt that having the right person in charge is im
by slibhb 2y ago
It's not zero-sum because companies can grow.
People love to complain about CEO compensation but does anyone doubt that having the right person in charge is important? Think about the US presidency: how much money should the US citizenry be willing to pay to get the best candidate into office? A lot!
- kuschku 2y ago> Think about the US presidency: how much money should the US citizenry be willing to pay to get the best candidate into office? And yet... > §102. Compensation of the President > The President shall receive in full for his services during the term for which he shall have been elected compensation in the aggregate amount of $400,000 a year https://uscode.house.gov/view.xhtml?req=(title:3%20section:102%20edition:prelim) https://uscode.house.gov/view.xhtml?req=(title:3%20section:1... If the mightiest person on the planet can live off a $400'000 wage, CEOs can, too.
- gruez 2y ago>If the mightiest person on the planet can live off a $400'000 wage, CEOs can, too. literally no one is arguing that CEOs need $50M (or whatever) compensation salaries to survive, just like software engineers don't need $500k total comp packages to survive. The argument is that companies need to pay those salaries to attract CEOs (and software engineers), otherwise your competitor will pay 10% more and poach them instead. The same arguably exists for the presidency, except "competition" is literally any other job that a competent leader could be doing, like being a CEO rather than a president.
- velcrovan 2y agoThere's no way to have a functional labor market for world leader positions. That probably says something about the labor market for corporate leadership positions too.