No, CEO pay is a kickback/grift. CEO pay is decided by the Board of Directors, and the Board of Directors is made of CEOs of other companies. What they’re doing is all colluding to inflate each other’s wages and then using that as a justification after the fact to demand higher pay for themselves, lying that it’s due to “the market.”
They don’t think of it that way. They think “we are paying this person for what I know is a tough job and the value they bring to it.” Even though they are definitely colluding. Boeing’s board is probably one of the most egregious examples. Dave Calhoun let a door plug fall off and abandoned two people in space, but he still got a huge severance package. Gross.
![Shortage [of people willing to be exploited]](https://i.imgur.com/267vxF0.png){kind=link}
To companies hiring CEOs there is a shortage actually, otherwise they would pay them peanuts.
No, CEO pay is a kickback/grift. CEO pay is decided by the Board of Directors, and the Board of Directors is made of CEOs of other companies. What they’re doing is all colluding to inflate each other’s wages and then using that as a justification after the fact to demand higher pay for themselves, lying that it’s due to “the market.”
They don’t think of it that way. They think “we are paying this person for what I know is a tough job and the value they bring to it.” Even though they are definitely colluding. Boeing’s board is probably one of the most egregious examples. Dave Calhoun let a door plug fall off and abandoned two people in space, but he still got a huge severance package. Gross.
They don’t think of it that way in public, you mean. I’m sure they’re laughing their asses off behind closed doors, though.