The board of directors is doing so. And they do so because the board follows the will of the shareholders. And the shareholders ultimately decide the fate of companies.
Because today’s hero worship culture makes the mass of shareholders believe that these CEOs have skills that cannot be replicated by cheaper labor.
But that’s not quite as simple a problem. The issue is that you are up against literally millions of shareholders who have different values than you.
Go talk to a Tesla shareholder. They pretty much think Elon is a god. So no amount of salary is too much as long as they get Elon leading those companies. (But Elon also only takes a $1/year salary anyway to prove how awesome he is, so this entire discussion train is immediately derailed if you actually start trying to apply it in practice).
This entire meme just fundamentally misses the entire fucking problem and is nothing more than a distraction.
The board of directors is doing so. And they do so because the board follows the will of the shareholders. And the shareholders ultimately decide the fate of companies.
But that won’t fit in a simple meme will it?
The goal of the shareholders is to pay huge sums to the C-suite? That seems at odds with maximizing dividends for themselves.
Because today’s hero worship culture makes the mass of shareholders believe that these CEOs have skills that cannot be replicated by cheaper labor.
But that’s not quite as simple a problem. The issue is that you are up against literally millions of shareholders who have different values than you.
Go talk to a Tesla shareholder. They pretty much think Elon is a god. So no amount of salary is too much as long as they get Elon leading those companies. (But Elon also only takes a $1/year salary anyway to prove how awesome he is, so this entire discussion train is immediately derailed if you actually start trying to apply it in practice).
This entire meme just fundamentally misses the entire fucking problem and is nothing more than a distraction.