Maybe that CEO will also quit, because other companies offer them a higher salary.
It’s so easy to say they should just pay their CEO less. I mean, I get it, it’s a ridiculous amount of money that no one needs. But few people, who are qualified for that job, will just do it out of the goodness of their hearts for a salary far below industry standards.
what the fuck could the CEO possibly do for a company that seems to just fucking zombie its way along, it does literally nothing and hasnt died, what could the CEO possibly be qualified for, it’s not like they’re gaining more market share from having a good product
They are the face of the company. If they are shit at communicating it will affect share prices which could end a company. They have to say the right things at the right times or they could potentially break laws by saying the wrong things.
There’s a lot of stuff they need to know and it’s not cheap to get that knowledge.
But few people, who are qualified for that job
CEOs do nothing. They rake in millions, and hire advisors to tell them what to do
This is predicated on the assumption that a CEOs skill is directly related to their salary.
This may or may not be the case.
This may or may not be the case.
This is predicated on the assumption that people just give money away easily.
I don’t think companies care. If you’re the CEO of Mozilla for a year without it imploding, you’re looking very experienced compared to some of the applicants that medium-sized Silicon Valley companies, like Dropbox, Evernote and such, will get.
And if Mozilla is only paying you $200k, they’ll consider it an absolute bargain to give you tenfold that.