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GJR | 2 years ago

What is the actual point of giving anyone $226m in pay? How would that motivate them to deliver any more..? Ratio of CEO:staff pay at 1000:1!

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PeterisP|2 years ago

It's not to motivate a particular person to deliver more, it's to ensure that you're able to hire that person - if they would pay, for example, $2million, then no one with experience at managing decent size tech companies would apply as they can get a much better offer elsewhere.

Also, CEO compensation is effectively between the shareholders and the CEO - if the CEO is making the shareholders happy and they want to gift him $200m for no good reason, well, it's their right to do so, it's their money to spend or waste as they wish, not the employee's.

GJR|2 years ago

By doing so, don't you restrict the pool of talent that you can hire from?

easytiger|2 years ago

Why does Buffett get up and go to work in the morning?

ta1243|2 years ago

Why would someone work for $250m but not work for $150m? Or at that level of wealth work for free.

Surely it's just for keeping score

aeyes|2 years ago

Warren Buffets salery has been $100.000 for decades. And as far as I know Berkshire doesn't do stock based compensation at all, Buffet just holds the shares he always held.

tabtab|2 years ago

To beat competitors, not have tons of beemers for beemer sake. The motivation is relative. The 3 big "robber barons" of the late 1800's use to send each other brag-grams over who was richer.

zymhan|2 years ago

Certainly not because he needs to work for a living, or for anything at all.

jason0597|2 years ago

Certainly not for money, he lives in a simple house and drives a simple car. Probably because he just likes his job