“Someone should inform this jerk that the stockholders elect the Board who approves executive salaries.
If the stockholders don’t like executive pay, sell the stock.”
Yeah, and if a business is smart enough and powerful enough to get a complete monopoly, why should government interfere?! /< sarcasm>
So you’re saying, if I own XYZ Co. and the board hires a CEO that’s a nitwit for a huge amount of compensation, tough? So, when said nitwit tanks the company and makes Cramer’s list of buy when fired, too bad? And when I lose 50% of the value of my stock, but the CEO glides out on a golden parachute, that’s just how it should be?
Ummm... no. I’ve sat on the board of several corporations. If executives don’t perform, we fire them.