Why do you think lower paid CEO must be shitty? There turns out to be very little link between the CEO and CEO pay and the company performance… they are only paid a lot cause they are in the position of power to directly influence their salary.
they are only paid a lot cause they are in the position of power to directly influence their salary.
And not because they have a much higher responsibility? As a CEO, it is your job to make sure a company makes a profit (unless you are a nonprofit, I guess you have some other goal you need to achieve). That is what you a pay a CEO to do. I assume you would pay more for someone who is able to turn a higher profit.
Why do you think lower paid CEO must be shitty? There turns out to be very little link between the CEO and CEO pay and the company performance… they are only paid a lot cause they are in the position of power to directly influence their salary.
Do you have a source for this?
broadly gestures at everything
And not because they have a much higher responsibility? As a CEO, it is your job to make sure a company makes a profit (unless you are a nonprofit, I guess you have some other goal you need to achieve). That is what you a pay a CEO to do. I assume you would pay more for someone who is able to turn a higher profit.