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When you overpay CEOs, people who hate leading, and hate being CEOs, will become CEOs for the money. Is a good idea to select the people who hate leading to be
by OccamsMirror 4mo ago
When you overpay CEOs, people who hate leading, and hate being CEOs, will become CEOs for the money.
Is a good idea to select the people who hate leading to become CEOs?
- jimmygrapes 4mo agoYes
- AndrewKemendo 4mo agoYou say that as though it’s an option CEO is selected by the investors for whoever will side with the investors 100% of the time over every other group including employees What you suggest would subvert this and so it won’t and can’t happen
- seangrogg 4mo agoThis was far more of an option in the 1980s and earlier; a CEO being compensated 20-30x a line employee was pretty standard around then; now it's closer to 250-300x. I think there's more optionality than we may assume, we've just left the structural incentives that drive that difference in place.
- codegrappler 4mo agoWe call this new movement “involuntary CEO”. Bob you’re now it.