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.
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.