Quote (thesnipa @ Jun 16 2017 11:29pm)
it needs to be said that we need to differentiate between the "hurr durr _____ CEO makes too much" and "overall CEO's make too much". Sure, if you pay someone less and you're the only one doing it, then yeah, the person (i typed "guy" originally and felt sexist) is gonna go elsewhere. But guess what, if they ALL make a bit less someone who's qualified and talented is still gonna take the job.
it's a fine line for sure. but there are plenty of anecdotes that are just downright shameful, bank exec payouts post banking collapse in 2008 and Mylan payouts well above the industry standard seem to be good examples.
Very well formulated. Sad thing is, this is just supply and demand. If the shareholders know that they can collectively make 20 million by hiring a better CEO for 10 million, then they'll do it.
It's something we cannot do anything about. Between capitalism and communism, capitalism is the least undesirable option and so we have to live with some of the nasty side-effects. The ability to make money is what drives innovation and progression, but it's also what drives greed and social injustice.
A capitalist world where CEOs get paid fairlyâ„¢ is as Utopian as a communist world where everyone is motivated to work hard.