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A comment on CEOs are hugely expensive – why not automate them?. Parent comment

Re:CEOs are hugely expensive – why not automate them? by k__ on Monday April 26, 2021 @03:20PM (#26946793)
People are always talking about the free market as if it was some kind of self regulating physical law of nature that could never be wrong.

What's so absurd to think that people from one class (CEOs/VC/etc) want to help people from that same class even if it's against the laws of the free market?

If I help someone who kinda identfies with me, it raises the chance that they will help me/my friends/my family in the future.

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Re:CEOs are hugely expensive – why not automate them? by chrisseaton on Monday April 26, 2021 @04:22PM (#26947571)
> What's so absurd

Because it goes against Occam's razor.

People pay CEOs a lot. Why do they do that?

Likely: because they have to.

Unlikely: global conspiratorial private welfare programme.

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Re:CEOs are hugely expensive – why not automate them? by JohnPrine on Monday April 26, 2021 @04:31PM (#26947679)
You think investors pay money out of their own pocket to CEOs out of altruism?
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Re:CEOs are hugely expensive – why not automate them? by klyrs on Monday April 26, 2021 @04:59PM (#26948056)
Do you think investors are, as a rule, rational in the sense presumed by the efficient market hypothesis? Do you think they might be subject to biases that lead them to overvalue their own self worth, and by extension, the worth of people like them?
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