The first two peoples jobs are dependant on the CEO's ability to run a company that returns a reasonable Return On Investment for its owner(s)/share holders. They get paid more because theyre worth it. Its not an injustice, it rewarding people for thinking smarter and working harder.
Well, the evidence points to the opposite: CEOs usually don't add anything – the underlying trends in the industry, the society and the world at large do all the work. An ape trained in sign language will often do an even better job, having no knowledge of the business, making totally random decisions.
I would love to see the evidence you speak of. A CEO's value is in their leadership. If the leaders of a company doesnt add any value, why do some companies thrive (apple,amazon, google) and some fall (blockbuster,ibm,yahoo,sears etc.)? Some companies adapt to the changing needs of the consumer and some fail. Who makes the decisions to keep the company successful and able to employ more people because of growth. If mc Donalds was a poorly run company there would be far less minimum wage jobs to be had and the first guy in the pic above wouldnt be able to buy any milk at all.
Alan Mulally made about $300M in about 6 years at Ford motor co as CEO. I would love for anyone to research his story and attemt to make any argument that he wasnt worth every penny. Because of him Ford is thriving! Hundreds of thousands of people in the American auto industry have jobs that would have otherwise been moved to a slave labor country. So many young people graduate college and complain about high debt and no jobs. And those same people demonize the only people (business owners and operators) who can provide said jobs. Our country needs to express some critical thinking and examine the big picture. I apologize for the rant, It needs to be said.
CEOs taking a 1 dollar salary has nothing to do with maximizing company profits. They do it so they don't pay taxes associated with employment as capital gains taxes are less than the employment taxes that a CEO would pay based on the tax bracket they would be in if they took a salary. It's all about maximizing your personal income.
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