These CEOs are by definition not deserving of their exorbitant compensation.
In an actually functioning market they would have been kicked to the curb, long long before making these kinds of embarrassing excuses for their incompetence.
If the boards of such companies weren’t stuffed full of the same kind of absurdly entitled, overpaid and under-qualified executives, our capitalist system would be a lot less dysfunctional.
Instead we get this wildy embarrassing neo-aristocracy..
Adam Smith warned us about this:
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
In an actually functioning market they would have been kicked to the curb, long long before making these kinds of embarrassing excuses for their incompetence.
If the boards of such companies weren’t stuffed full of the same kind of absurdly entitled, overpaid and under-qualified executives, our capitalist system would be a lot less dysfunctional.
Instead we get this wildy embarrassing neo-aristocracy..
Adam Smith warned us about this:
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”