If the board of directors think that is what they are worth then it’s nobodies’ damn business!
Capitalism warts and all is still ten zillion times better than anything else.
That sounds nice until you consider the incestuous nature of corporate boards.
I’ll agree it’s better than anything else but they don’t do themselves any favors.
Unfortunately, the companies aren’t paying what they think a CEO is worth. It’s now become a rigged game, where you have inter-connected CEO’s sitting on each other’s boards guarenteeing out of control wages to each other, regardless of a companies performance or whether a company can even afford to pay it out.
If the CEO’s for their interest destroy a company, they just move on to the next one.
Just like John Corzine.
End of story!
Ditto with the shareholders.
What capitalism? We no longer have a free market. What we have is crony capitalism that has an incestuous relationship with fund managers and mutual funds as well as the retirement funds held by unions and other entities. None of these are controlled by the real owners of those assets. The progressives on Wall Street have separated the owners from the means of production. In classical fascist fashion it’s not ownership that counts but control. Between them and their cronies in government the rest of us are being screwed big time. We haven’t lived in a free market capitalist system for some time now. The entrepreneurial and middle classes are being wiped out by the corp[orate statist collectivist machine...