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High CEO pay is a symptom of poor board control, not a direct cause of poor performce.
by stevage 2y ago
High CEO pay is a symptom of poor board control, not a direct cause of poor performce.
- AnthonyMouse 2y agoCEO pay generally has a relationship to company size, and Boeing is pretty big. It would be hard to argue their CEO is overpaid if they paid the CEO that much and the CEO did a good job. Implying the problem is not how much they were paid but rather the quality of the work.
- tempfile 2y ago> Implying the problem is not how much they were paid but rather the quality of the work. Aren't those identical? If you do a bad job, we could have got the same bad job from someone else, who we could have paid less...
- AnthonyMouse 2y agoNo, because the CEO who is paid $300/year and then likewise bankrupts the multi-billion dollar company is to a first order approximation the same amount of bad and what you actually need is the CEO who does a good job even if you have to pay them millions of dollars.
- ywvcbk 2y agoThey did a great job, though.. From the perspective of other board members, upper management and the shareholders at the time.
- bluGill 2y agoThere is the real problem - we cannot evaluate how a CEO did today for another 10 years. Their job is to figure out where the company needs to be in 10 years and then get them there.