re: #402 Obdicut

Steve Jobs was famous because he was an actually successful CEO.

They’re rare.

The US compensates executives at a rate about ten times higher than anywhere else. We average about 250/1 pay for executives compared to workers. Japan has it at about eleven. Many other countries with very, very successful companies, like, everywhere in Europe, has about 1/10th our rate of CEO compensation. It’s a cultural thing here in the US, not market-driven.

[Link: money.cnn.com…]

Why do stockholders allow for such high salaries?