One interpretation is that senior leadership (e.g. CEO) matters a lot. But it flies against the idea that CEOs are overpaid. From a quick search, it looks like his total stock comp was ~$52m which was a bargain considering his departure cost the company billions. Perhaps he would not have left if he had a higher pay, more in line with the value the market ascribes to him.
However I imagine those that are upset about CEO pay will find this unconvincing. Is there any other way to interpret this?
Er, I'm not sure what exactly you're getting at, but the stop market drop was not because of his value-add to the company, it was because of the signal it sends by the CEO quitting.
So… I guess you could make an argument that that merits higher pay, but it'd be saying it's due to his blackmail power.
bko · · focus · HN ↗
One interpretation is that senior leadership (e.g. CEO) matters a lot. But it flies against the idea that CEOs are overpaid. From a quick search, it looks like his total stock comp was ~$52m which was a bargain considering his departure cost the company billions. Perhaps he would not have left if he had a higher pay, more in line with the value the market ascribes to him.
However I imagine those that are upset about CEO pay will find this unconvincing. Is there any other way to interpret this?
kenferry · · focus · HN ↗
So… I guess you could make an argument that that merits higher pay, but it'd be saying it's due to his blackmail power.