Quote:
Originally Posted by OMG!WTF!
There are some reasons to pay ceo's crazy amounts. If Tim Cook left Apple due to compensation the stock would lose thousands of times his salary in value over the following months as a rudderless ship paddled by cheap skates. CEO's create value simple due to their reputation...we see that time and again in Calgary's oil and gas sector...someone drills a hole and puts money in your account. Now he wants to do it again. Instant credibility and instant share value and instant start up money. There are lots of useless, over paid dolts too. But their money comes at the expense of shareholders not employees.
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So the workers who actually provide a defined non speculative contribution to the company only deserve whatever this individual decides they should get because right now he is making an artificial impact on the company and padding the shareholders' wallets? And then when he doesn't succeed in running the company well long term, the shareholders who bought low and sold high before the stock was impacted get out scot free, the beleaguered CEO gets his likely massive severance package and the investors who bought at the wrong time get to suffer as well as the employees who's careers may be in jeopardy. Yeah they have great responsibility and huge risks associated with their job, except financially they always seem to come out on top.