[prklmn]

What do the CEOs who fail and the CEOs who succeed have in common? They're both incredibly overpaid. The question should not be is Bob Iger worth X/year?

The question should be could he be paid a fraction of what he is in reality and do an equally good a job? Or could somebody else do an equally good a job as Bob for a fraction of the cost? The answer is almost always yes to both questions, and it applies to all companies not just Disney.

[Buge]

>The question should be could he be paid a fraction of what he is in reality and do an equally good a job?

Just because it's possible for him to do the same job at a lower salary doesn't mean he will. Disney needs to pay him enough so that he doesn't take a higher paying job elsewhere.

[product50]

It is surprising people don't get this dynamic. Extremely strong leaders are rare. And the market pays them for that skill.

[prklmn]

> Extremely strong leaders are rare.

That’s what a Fortune 500 CEO would have you believe. There are over a billion English speakers in the world and you don’t think there are at least thousands of people (who aren’t already overpaid CEOs) that could be doing a better job than Iger, or any given Fortune 500 CEO for that matter?

[product50]

100s - probably yes. 1000s - absolutely not. Please help find those 1000 potential CEOs and pay them lower salary and see if the company still succeeds. Otherwise, you pay CEOs for the skill and experience they bring and keep them for the impact they make.