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CEOs are hugely expensive – why not automate them?

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Re: CEOs are hugely expensive – why not automate them?

#361

Earlier quoted context omitted.

CEOs are workers. If you're talking about people who don't work for the business, you might be thinking of shareholders?

I don't think he's complaining the the CEOs get paid a salary. I think he's saying that even when a CEO massively screws up - they get a multi-million dollar golden parachute.

Everything they do is massive. People are paid relative to the size of their potential success or screwup, and pay is not withdrawn based on which they did.

I get the point that golden parachutes are annoying, but yeah. It's all part of the compensation package, and the reason for it is in the above paragraph.

Re: CEOs are hugely expensive – why not automate them?

#362
post #350

Earlier quoted context omitted.

Most responses are trying to tell you why they ‘deserve’ their pay. True or not, this is irrelevant. CEO pay is set by the board in the same vote that sets their own compensation. ‘The company’ is not a sentient being. Nobody is looking out for its best interests. 5-year-olds from most cultures would have a hard time understanding this because it breaks their understanding from adult-child stewardship.

It reminds me of the immortal line from The Usual Suspects: "The greatest trick the devil ever pulled was convincing the world he didn't exist."

We shouldn’t moralize this. The point is that CEOs and board members are going to act exactly like anybody else in their position. Find a different structure if you want a different behavior.
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