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That's a specious argument. It's pretty easy to see that CEO pay (the entire pay package, not just salary) is often closely tied to corporate profits, often in
by fnordfnordfnord 13y ago
That's a specious argument. It's pretty easy to see that CEO pay (the entire pay package, not just salary) is often closely tied to corporate profits, often in ways that incentivise short term gains over longer term strategic planning.
- yummyfajitas 13y agoWhat's wrong with incentivising short term gains? If anything, CEOs and corporate management in general tend to overvalue long term gains, so financial incentives for short term benefits probably push incentives back closer to optimal.