Average CEO makes 354 times the average worker

kluge
Wed, 15 May 2013 20:44:37 +0000

“A CEO who can create billions of dollars in wealth” How, exactly, does a CEO do that? And if you pay the CEO $2M instead of $20M how exactly does he decide to only create 10% as many billions of $$ of wealth?

My take on Apple is that the company could never keep up its winning streak - Jobs or no Jobs. It was over priced before for its realistic prospects. Now it’s underpriced for its assets and past performance, and its stock price bounces around like a chihuahua on crack. “The market” has the emotional stability of a 15 year old girl.

Athletes, actors and other entertainers live in a cruelly capitalistic world. Their worth to a project is calculable, and rises and falls with their measurable performance. I’ve never been able to figure out how you generate reliable metrics for CEO performance. How much actual added value does CEO A bring over CEO B? Some companies do well with empty suits at the helm; others fail regardless of the CEO’s talent.

But the pay keeps going up for all of them.