I’ve never understood why CEOs get contractual protection when they run the company. If they run it into the ground they should get nothing. If they run it effectively they won’t be fired and they will be retained.
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LOT of things you don’t understand.....Maybe school should be in your future.
Entrepreneurs that risk everything are not guaranteed security, and neither are they guaranteed rewards. Why then are hired hand CEO managers that risk nothing, given contractual job security guarantees, while being grossly overpaid even when they screw up a company? This is a problem and it is creating not only legitimate outrage in many, but contaminates our once effective culture of risk reward, because CEO managers are treated differently than other employees. They have no risk, only reward.
Every hired hand CEO should be an “at will” employee that can be fired tomorrow by the shareholders and BOD without any platinum parachute. If they do their job competently they don’t need a contract. If they won’t do their job without a contract, then every underling employee should have the same protection.
Capitalism (private capital, private risk, and private gains) has been hijacked in the USA by the corrupt political corporatists (not conservatives) that put taxpayers on the hook for crony ventures, their stadiums, and their subsidies, and all at taxpayer risk without any potential gain. Corporate and bank capital needs to be privately funded, not by taxpayers, and both Parties are in this crony scam up to their corrupt eyeballs.
CEOs of public corporations are employees not owners, and I don’t blame all employees for wanting similar rights too.