Reply to post: 'So much for the myth about CEOs being supermen at everything.'

Congresscritters want answers on Tillerson's rm -rf /opt/gov/infosec

Anonymous Coward
Anonymous Coward

'So much for the myth about CEOs being supermen at everything.'

That's long been disproven. Only the US still believes in it kind-of:

"Stories which grossly inflate pay for the CEOs of failing companies have become the norm. The rationale is that high level of compensation helps make corporations more competitive and productive. There is little evidence that this is actually true, but this does not prevent companies from giving executives obscenely high rates of pay, all the time working hard to scrape back pay and benefits from lower-level employees. The compensation boards who decide on this are often made up of CEOs from other companies who, to nobody’s surprise, share the belief that CEOs are worth millions."

https://www.rte.ie/eile/brainstorm/2018/0724/980685-should-your-employer-get-rid-of-managers/

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019