3 ms·
What a load of crap. CEOs are elites that were born into money in the majority of cases. They fail upwards while not doing any real work and reaping the benefit
by Draiken 1y ago
What a load of crap. CEOs are elites that were born into money in the majority of cases. They fail upwards while not doing any real work and reaping the benefits from the thousands that do.
Yes a CEO has an impact on the business but so does everyone else. Ultimately he's one more piece of the puzzle and absolutely nothing can justify this salary gap.
Anyone with any sliver of common sense knows they aren't worth 400x more than everyone else. Fire the CEO and the company continues. Fire all your workers and let's see what happens.
If anything the real reason they're paid so much is so the shareholders have an easy scapegoat to fire (with their golden parachutes) while pushing for short term profits as much as possible.
- simianwords 1y agoWhat does paying them a lot have to do with scapegoat? Instead of paying them 50M pay them 200k? Why not?
- Draiken 1y agoThese are rich people hiring rich kids exactly to extract as much money as they can from the companies. A huge salary or bonus is the best way to do that regardless of company performance in the long term. Take a look at this: https://www.theyrule.net/ https://www.theyrule.net/ These CEOs are sons, brother in laws, cousins, friends, etc. from the same group of people that populate the boards. The corruption at the top is absolutely blatant and that's where huge chunks of money generated from the folks that actually do the work ends up. There are even studies on companies that self-organize without CEOs being more efficient than "regular" companies. The sad truth is that having a dictator at the top of every company is not as good as people make it out to be. You may get a good dictator, but it's way more likely you don't.