News for hackers. Stuff that matters.

A comment on How People Get Rich Now. Parent comment

Re:How People Get Rich Now by WalterBright on Monday April 12, 2021 @04:30PM (#26784763)
You don't think that CEOs also have a lot of performance related clauses? Stock options are, for example.
[ Parent | on HN ]
Re:How People Get Rich Now by yardie on Tuesday April 13, 2021 @09:17AM (#26791737)
They get paid more for good performance but they don't get paid less for bad performance.

Athlete contracts on the other hand are fixed. If the athlete does well the team organization gains the benefit. If the athlete does poorly the athlete may be fired or transferred. And there is no gold parachute when they are cut.

So I don't recognize the similarities between CEO and pro athlete compensation at all.

[ Parent | on HN ]
Re:How People Get Rich Now by bobthepanda on Monday April 12, 2021 @06:22PM (#26785918)
In practice compensation clawback can be quite difficult. https://hbr.org/2021/03/why-executive-compensation-clawbacks...
[ Parent | on HN ]