Really? So why is it that CEOs were content to earn 20x to 30x their average workers salary from 1965 to 1985, yet suddenly required 200x to 300x from 1997 up to today? Why the 10x increase? Because they can get away with it. That's it. These new execs aren't 10x smarter than the previous generation. They're simply being paid 10x more.Unfortunately, not many would work for that amount these days. The larger the business, the more they will pay. For startups or small size places, that may work. Everything else, not a chance. Heck , a few nonprofits pay their execs close to those numbers. And most companies know this.
You feel that every competent, intelligent business exec out there would turn his nose up at earning only $1.5 million a year? That's utter nonsense and I can't even begin to comprehend the thought process of someone who could say that with a straight face. The average CEO was working for 10x less for decades. The only reason it increased by 10x is that people got greedy and could get away with it. Not because they magically became 10x smarter or worked 10x harder than their predecessors.
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