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gridspy | 3 months ago
These are valuable skills, though perhaps nowhere near as valuable as they end up being in a free market.
gridspy | 3 months ago
These are valuable skills, though perhaps nowhere near as valuable as they end up being in a free market.
gausswho|3 months ago
nawgz|3 months ago
gridspy|3 months ago
If a CEO delivers a certain advantage (a profit multiplier) it's rational that a bidding war will ensue for that CEO until they are paid the entire apparent advantage of their pretense for the company. A similar effect happens for salespeople.
The key difference between free and real markets in this case is information and distortions of lobbying. That plus legal restrictions on the company. The CEO is incentivized to find ways around these issues to maximize their own pay.