"Unlike everyone else in the world, executives have seen pay increases
of an astonishing 997 percent over the past 36 years. Think about that
for a second: While you’re struggling to afford the payments on your
used Volvo, your boss’s boss’s boss’s boss has gotten raises of nearly
1,000 percent. It’s such a ludicrous statistic that is seems fake. And
yet, it’s not."
This is a very important point - despite all the talk about "competitive
pay to attract the best talent", CEO pay is actually inversely
correlated with performance.
Via Cara Evangelista.
*** Xanni ***
Chief Scientist, Xanadu
Partner, Glass Wings
Manager, Serious Cybernetics