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Re: CEOs get paid so much because they deserve it.
by Eljem
When risking or playing with other peoples money the levels of compensation ought to be different than when risking one's own. However, if shareholders are foolish enough to allow the rip off I find it hard to feel sympathetic. There should be no limit to the amount of money a person can earn if they own and or operate a company with private capital. My guess is that most of these managers would find it impossible to earn the kind of money they can make if they had to build and create a company from scratch using their own resources. It might take more than several generations and considerable luck to build a company that made a before tax profit of ten million dollars a year, much less a high multiple of that figure.

My bet says not one in a thousand of this group has what it takes to create, build, and operate a company like the one they head. And while being a good manager is valuable and essential to operating a large company it is not as rare, unique or noteworthy as the talent, skill and courage it takes to create a company 1/10th the size of a small (1 billion in annual sales is small by todays standards), The numbers are simply absurd. They only make sense in an insane world and environment where top players of various ball games are paid between 100,000,000. and 20,000,000. a year and this:

Haitians celebrate recent minimum wage increase to 5.50 per day. "Georges Sassine was quoted by the Canadian online journal, the tyee.com, as saying, "Do we want 100,000 jobs paying 200 gourdes (US$5) a day or 200,000 jobs at 100gourdes (US$2.50) a day? What's better? 200,000 people working if I were a politician"......
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