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?
>it looks like his total stock comp was ~$52m which was a bargain considering his departure cost the company billions.
this same things can happen with any employee at any company and does not bolster your argument.
a $10/hr worker flipping burgers can take actions that cost hundreds of thousands of dollars. burger king foot lettuce guy probably cost the company millions.
i could cause millions of dollars in damage this afternoon (i am not paid millions).
Somehow missed this until now. Interesting read: <a href="https://en.wikipedia.org/wiki/Burger_King_foot_lettuce" rel="nofollow">https://en.wikipedia.org/wiki/Burger_King_foot_lettuce
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?
john_strinlai · · focus · HN ↗
this same things can happen with any employee at any company and does not bolster your argument.
a $10/hr worker flipping burgers can take actions that cost hundreds of thousands of dollars. burger king foot lettuce guy probably cost the company millions.
i could cause millions of dollars in damage this afternoon (i am not paid millions).
bigwheels · · focus · HN ↗