[tokai]

> What’s wrong with paying market rates for a CEO?

The rates have bubbled, and do not reflect the value CEO's provides for their organisations.

> Do you think they should find a CEO below market rates?

Yes. A dedicated person, at home - in a bathrobe, approving code merges would do.

[57844743385]

Right. So a company with 750 employees should be run at discount rates by someone sitting in a bathrobe in their kitchen .

[boomboomsubban]

And I'm sure that person will do an excellent job negotiating the next default search contract worth several hundred million dollars.

[toyg]

Considering that contract was originally negotiated when exec salaries were much lower... likely yes, s/he would do a better job. It's very plain that Baker and her friends have lost the ideological hunger and now are just in it for the money they can make before it all goes bust.

[boomboomsubban]

What are you talking about? The contract is constantly renegotiated, and the only recent one that Baker was in charge for saw the same terms after the previous contract dropped over a hundred million dollars a year.

[toyg]

The point is that the whole system was thought out and initiated before exec salaries spiralled. There is no visible correlation between exec compensation and this type of negotiation.

[boomboomsubban]

The amount the execs negotiated is reflected in their salary, the last year we have the CEO salary was shortly after they negotiated a new deal with Yahoo worth over a hundred million dollars more per year seeing them get a raise. I doubt that Baker is getting anything near Beard's salary given she negotiated it right before the layoffs.