What does it really matter what CEOs make?
A few hundred or maybe a few thousand CEOs have managed to convince their board of directors to pay them absurd amounts of money. Some of them managed to convince the board of directors to give them "performance bonuses" structured in such a way that even if the company is doing terribly.
In some ways it's a magic trick: They're distracting you with CEO pay of a few million dollars so you don't realize the tens of trillions of dollars of your money being funneled into their businesses. The biggest companies on the planet got there in part because the government chose those winners, and we just sit back and ignore that so we can focus on who gets paid what when it's irrelevant.
A few hundred or maybe a few thousand CEOs have managed to convince their board of directors to pay them absurd amounts of money. Some of them managed to convince the board of directors to give them "performance bonuses" structured in such a way that even if the company is doing terribly.
In some ways it's a magic trick: They're distracting you with CEO pay of a few million dollars so you don't realize the tens of trillions of dollars of your money being funneled into their businesses. The biggest companies on the planet got there in part because the government chose those winners, and we just sit back and ignore that so we can focus on who gets paid what when it's irrelevant.
- replies
- 1
- announces
- 0
- likes
- 4