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by welshwelsh 1043 days ago
That's why you'll never make CEO pay. Most people, myself included, will happily retire with a couple million.

A lot of these people have ambitions that require a lot more money than that. Maybe they want to cure aging or explore space or something.

Another way of looking at it: if someone makes 100m a year and they are thinking about retiring, how much would you need to offer for them to choose to work another year instead? That's how much you need to pay them next year.

3 comments

Whatever their ambitions are, it doesn't seem to be something that's doing the world very well. Inequality is increasing, climate change is boiling us alive. Houses keep getting more and more unaffordable... These people only work for themselves and their close circles. It just doesn't seem to be a structure of governance that is doing the world very good.
And it's honestly not really anything to do with retirement. It's about doing something with my life that isn't just following someone else's ideas, who just happens to be higher in the pecking order than me.
Has there ever been a case of a CEO singularly or even collectively achieving said ambitions? No. A lot of these people are cut throat, near sociopaths in personality. I guess we should be lucky they're just CEOs. If they're not of that personality, it's often largely due to luck. James Simons, who has had a large impact via his foundation work, in which he ensures funding for people to drive their own ideas versus his, readily and humbly admits that luck is very underappreciated in success.