They used to not be paid so much in the past. What's the scientific rationale that they should be pay more than before? I don't think there's any science involved on either side, it's simply a cultural practice that has arise with the growth of corporate earnings. On the flip side, if average worker comp has arisen only 12% since 1978, maybe that's not a scientifically-determined outcome either.
Actually there is a reason for the increase recently, globalisation and the internet. While a top exec in the 1960 might be serving a few million customers, maybe tens of millions, now it is in the billions (also population has increased).
By the way, do you support the corporate raiders of the 1980s who were also extremely annoyed at how much execs got paid and fired them and reduced their pay? And they actually did it by putting their money where their mouth was and became shareholders in these companies, at great personal risk to themselves.
Apocryphon|3 years ago
https://www.cnbc.com/2019/08/16/ceos-see-pay-grow-1000percen...
https://www.epi.org/publication/ceo-compensation-2018/
cloutchaser|3 years ago
By the way, do you support the corporate raiders of the 1980s who were also extremely annoyed at how much execs got paid and fired them and reduced their pay? And they actually did it by putting their money where their mouth was and became shareholders in these companies, at great personal risk to themselves.
unknown|3 years ago
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jonathankoren|3 years ago