Executive talent scarce?
I would agree, its very scarce, just look at the number of failing companies.... And don't go away with the idea that the executives of companies are actually talented. Its clear with the failures that they are not, what isn't obvious but is also true is the number of 'successful' companies who owe NONE of that success to the 'executives'. Most of these executives are taking far too much out of companies and putting nothing of value back in.
Good examples include the 'very experienced' and 'very talented' 40 year olds who took successful British banks, turned them into basket cases bailed out by the tax payer and then scarpered with millions in pension funds....
No, the previous post was correct, the vast - overwhelming - majority of these executives owe their position to friends not talent, their pay is a combined effort to pretend they are indispensible, and its all so much bull. OK for those on the gravy train, untouchable by the politicians that hope to hitch a ride on the train later, and doing the economies of the western world no favours at all. If ANY of the companies were even half as successful as those in China which are responsible for trade surpluses per month bigger than most economies production in a year then we would be in the midst of a global success story.
Personally I would sack every one in the UK being given more than 100,000 a year on the grounds they aren't worth it.