Quote:
Originally Posted by G Norm Oosdyk
Tell me, please, that you are a schtick...
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I'd say more like a young kid who can't see why companies pay these exorbitant amounts.
Unfortunately, CEOs are like star athletes now. They can pretty much get whatever they want if they have a proven track record.
It's a hell of a business to go into, but people that become CEOs of fortune 500 companies are another breed altogether. Most of them have ivy-league educations, connections all over the business world, and friends who sit on boards of many companies. These folks are generally the best of the best. The most ambitious, the smartest, etc.
But, as Norm said, companies have gotten much smarter about the compensation packages, which must be structured in a way to prevent the conflict of interest inherently present for any CEO.
What a waste of a thread. America will never limit the amount of money someone could make, and the day they did would be a sad day indeed.