Re:Don't donate canned goods to food banks (2017)
by kgwgk on Monday July 15, 2019 @02:22PM
(#20443621)
Directly? Not much, supposedly. But maybe they sit in the boards determining the salaries of the board members who determine them.
[ Parent
| on HN ]
Re:Don't donate canned goods to food banks (2017)
by yters on Monday July 15, 2019 @02:42PM
(#20443799)
Yes, that's my simple explanation for the hugely disproportionate salaries CEOs earn. Two possibilities:
1. They are somehow superhumanly increasing the company's bottom line
2. They target companies with enormous amounts of money and intentionally influence their salary to become very large, independent of their job performance
Insofar as #2 is possible, that seems the most plausible explanation for large CEO salaries. Unless the people determining the CEO's salary are somehow completely firewalled off from his influence, it is hard to see how #2 is not possible.
Re:Don't donate canned goods to food banks (2017)
by s1artibartfast on Monday July 15, 2019 @05:45PM
(#20445588)
Or 3. CEO's are superhumanly capable of DECREASING the company's bottom line. The board is paying to minimize their risk of ruin.
With consistent good management, mature organization should hope to see incremental growth. Bad management can destroy a company overnight.
Re:Don't donate canned goods to food banks (2017)
by Yetanfou on Monday July 15, 2019 @06:18PM
(#20445814)
CEO's sit on board for other companies where they get to decide on the salary for CEO's who sit on the boards of companies where they get to decide on the salary for CEO's who... well, you get it by now. Like the revolving door between politics and business these people generally do not bite the hand that feeds them so generously.