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by delackner 5564 days ago
I'll leave the details there up to people more knowledgeable in sports and music, but are you saying you think the system is working well when many CEOs steering their companies to destruction yield massive guaranteed compensation packages that are totally disconnected from performance?

I'm all for paying people whatever it takes, even if that means some people make previously insane sums of money. But they should have to make their company MORE profitable, not less.

1 comments

No, I'm saying that if you observe the same phenomenon in a variety of areas, an explanation which only applies to one area is unconvincing.
That doesn't make any sense. The vast majority of highly skilled or highly sought-after professions saw modest but nice increases in wealth decade over decade. Only a very specific FEW saw multiple hundred-fold increases, making them the odd outliers away from the general trend.