simon_
Joined 17 years ago
Joined 17 years ago
(1) CEOs are intentionally aligned with shareholders, for good reason. Shareholders often make money due to luck, so eliminating luck from CEO compensation without breaking alignment is a very hard problem.
(2) Going in, a CEO (or a shareholder) needs to lock down a big future payday in the upside case, in order to compensate them for the risk of the downside case. Yes, the upside case usually involves some luck, but the "optionality" to get paid in a lucky outcome is a valuable part of the deal.
(3) CEOs are also paid to be trustworthy agents for shareholders/boards. Like... if I am a billionaire looking for you to oversee a big part of my capital, I may pay a lot just because I know you are a good/smart/reasonable person who will be autonomous but raise the right issues to me if needed, reliably. I might know all that just because we have been buddies for years, and even though there are lots of objectively more talented people out there who would do the job for less, paying you more would not be irrational for me.
Not every community needs to be about every thing.
First of all, owning "free and clear" is hardly the expected meaning of ownership in the context of cars or especially houses in the US. I have a mortgage and I still say I own my house. When I told friends I was buying my house, I expect >90% of them assumed I was getting a mortgage. The government reported "homeownership rate" certainly does not exclude households with mortgages.
Second of all, ignoring semantics, the original context was a conversation about whether a significant number of households being unable to afford technology like a $5K computer would stifle innovation. Innovation probably doesn't care whether customers are in debt or not, so this is still perfectly decent evidence to cite about the spending capacity of poor households.
"Disappointing but not surprising". Sigh.
I know American culture is in love with undergrads and their "college experience", but I don't see why they are such key stakeholders that they should be allowed to demand that members of those other groups be fired and otherwise make their lives and work difficult.
Customers usually don't have any mechanism for getting the CEO fired other than not buying the product.
I get very suspicious when I see conjunctive arguments that neuter hard value judgments. It's extremely common to see them: "I think you doing X is objectionable AND it doesn't even work!" Example from the right:
Gun control is unconstitutional AND criminals will still get guns anyway!
In my experience, the second half of these arguments usually has nothing to do with the arguer's real motivations, it just helps him/her avoid cognitive dissonance from the trade offs.
So... for an anti-torture position to have some meat to it, you have to make it clear that you think torture is unacceptable even when it does work.
If you're not willing to sacrifice real lives and safety to avoid torture, I don't think you are meaningfully against it, and you certainly stand no chance of persuading those convinced of its efficacy.
Most business decisions (and most decisions) are made on some other basis than passion, nothing wrong with that.
BUT: I know from my own life that it is easy to forget about the value of keeping your options open. Death really is permanent, and always available, so there is rarely a need to rush it. All kinds of unexpected good things really can happen... and if not... you can still kill yourself later.
SO: I'd suggest you make sure you adjust your thinking for the likely bias that you are undervaluing the option-value in all the unexpected good things you can't specifically imagine right now. If you have even a little uncertainty on this point... better to wait a bit and see, no?
Ultimately, if market forces make it more profitable for rooms to be used for short-term stays than as homes, it will be very hard to stop that from happening and not at all clear that we should stop it from happening. There are arguments the other way, but it is depressing to hear only the glib assumption that the free market must be stopped. For example, it's not ultra-obvious that policy should favor those who choose to live in Manhattan over those who choose to visit. Among other things, I think it's likely that the average income of the visitors is lower than that of whoever would be renting.
If the "simplistic" male/female binary explains >99% of observations, there does not seem to be a strong case for describing biological sex as a "spectrum"...
I am 10,000% behind tolerance and acceptance for people of all genders and sexes and orientations, and it's very useful to understand how much biological complexity and variation is possible. But... any honest interpretation of the data would suggest that "the idea of two sexes" is an highly accurate approximation for Homo sapiens.
To put this in perspective, a balloon that is one kilometer in diameter is capable of lifting about 700,000 tons, or the weight of two Empire State Buildings. Add a second balloon of the same size and the lift capacity of these two balloons increases exponentially: it’s now capable of supporting nearly 6 million tons of weight.