These arguments always seem to make the bait-and-switch of "Steve Jobs is worth this much money therefore CEO _ is as well", conflating people who's financial value we can see (it would be hard to argue with the financial value to Apple of Job's vision) with people who are simply in an advantageous position to skim money off the top.
This is so utterly clueless: "In light of this, the most natural explanation of high C.E.O. pay is that the value of a good C.E.O. is extraordinarily high.". Can't possibly imagine another reason why people in a position to influence how much money they're paid seem to end up with higher salaries. Nope, nothing comes to mind for me.
This is so utterly clueless: "In light of this, the most natural explanation of high C.E.O. pay is that the value of a good C.E.O. is extraordinarily high.". Can't possibly imagine another reason why people in a position to influence how much money they're paid seem to end up with higher salaries. Nope, nothing comes to mind for me.