Think about this in terms of what those numbers mean. $25.2M/yr is about $70k *per day*. Think about that.
So what? Is there some natural upper limit we should have in mind? If so, why?
There are all kinds of reasons, not least is it apparently leads to better outcomes, if the past performance of relatively low paid CEOs and officers is taken into account.
It's time you learn what they're currently teaching in business schools NOW; that view is faling more and more out of favor.
LOL.
I am quite aware of "what they're currently teaching in business schools NOW."
Well, seemingly you don't from what you just said, and that's coming from someone who just basically doing a refresher business course/ degree ever few year.... To add to all my engineering degrees I got in the late 1980s and early 1990s.
You stated dogma as "fact" and that dogma is far from being the dominant position now; though it was for sure 20-30 years ago.
I am quite aware of "what they're currently teaching in business schools NOW."
Well, seemingly you don't from what you just said, and that's coming from someone who just basically doing a refresher business course/ degree ever few year.... To add to all my engineering degrees I got in the late 1980s and early 1990s.
You stated dogma as "fact" and that dogma is far from being the dominant position now; though it was for sure 20-30 years ago.
If I don't miss my guess, you are putting down someone who would be well qualified to be teaching some of the courses you might be taking. You aren't the only person in the world with several degrees.
As we read this article, let us consider how generous Apple has been towards it's employees a bit further down the tree. A 9 month free subscription to Apple Music. Lucky devils.
Of course they do! But so what? How does that apply within the context of this subject? Employee compensation should be based on the company's financial performance. Not Wall Street's delusional valuation of a company.
This may come as news to you, but a CEO works primarily for shareholders in the Anglo-American system of governance. He is our employee. His compensation is therefore -- apart from some fixed base -- a function of the value he creates for people like me. You may or may not like it, but that's the nature of the beast. This is the essence of the link between pay and 'performance' for most CEOs in countries like the US.
Now, if Cook & Co paid me all those mega-billions in earnings as, say, a special dividend, I'd say double his salary. Triple it. But right now all I have is a claim on it, capitalized in the stock price.
So it's perfectly legitimate to question the salary. Not one shareholder begrudged his $400M in compensation a few years ago because, at that time, he had created value. He earned every penny of that $400M. This year, he has, in objective terms, destroyed value. He doesn't get to have it both ways.
This is not quite accurate. The CEO of Apple works for the Board of Directors and can be removed by the Board if they fail to perform their job.
Wow. I thought executive compensation is based on stock performance. Can't believe the stock is at $97 right now. So basically Apple is using its cash to buy back stock and then give it to their executives. Sounds like a good plan when the stock is healthy. But now?
Well, seemingly you don't from what you just said, and that's coming from someone who just basically doing a refresher business course/ degree ever few year.... To add to all my engineering degrees I got in the late 1980s and early 1990s.
You stated dogma as "fact" and that dogma is far from being the dominant position now; though it was for sure 20-30 years ago.
If I don't miss my guess, you are putting down someone who would be well qualified to be teaching some of the courses you might be taking. You aren't the only person in the world with several degrees.
Well, he should stop teaching then considering was said was totally wrong (if indeed that's his gig) He did state something that's 100% not what's currently taught as a bonefide fact.
The whole tone, made me think of someone who lost a lot of money and is mad about it.
Btw, you don't know who I am either.
As for teachers, I've had former prime finance ministers as a teacher, so I think I'm OK with the level of teaching I'm already getting. And unless he's currently teaching at the doctoral level, I'm not really interested.
If I don't miss my guess, you are putting down someone who would be well qualified to be teaching some of the courses you might be taking. You aren't the only person in the world with several degrees.
Well, he should stop teaching then considering was said was totally wrong (if indeed that's his gig) He did state something that's 100% not what's currently taught as a bonefide fact.
The whole tone, made me think of someone who lost a lot of money and is mad about it.
Btw, you don't know who I am either.
As for teachers, I've had former prime finance ministers as a teacher, so I think I'm OK with the level of teaching I'm already getting. And unless he's currently teaching at the doctoral level, I'm not really interested.
Comments
I am quite aware of "what they're currently teaching in business schools NOW."
Others might think about value judgments and equity. They are free to do so, and comment appropriately.
Oh...and our resident troll on such matters (Sog) claims to have just lost $40k. Angie makes that before lunch. Every day.
For what exactly.. And what if an executive hired for multi-millions is non-performing. What can the CEO do? Firing looks like he made a huge error.
Doesn't seem to be much incentive if you get stocks rather than options.
To add to all my engineering degrees I got in the late 1980s and early 1990s.
You stated dogma as "fact" and that dogma is far from being the dominant position now; though it was for sure 20-30 years ago.
He did state something that's 100% not what's currently taught as a bonefide fact.
The whole tone, made me think of someone who lost a lot of money and is mad about it.
Btw, you don't know who I am either.
As for teachers, I've had former prime finance ministers as a teacher, so I think I'm OK
with the level of teaching I'm already getting.
And unless he's currently teaching at the doctoral level, I'm not really interested.
A CEO doesn't have to be perfect to be good. It's rare for any human to be perfect.