Oh yeah. It's beyond stupid. Remember that movie Margin Call with Kevin Spacey, and Jeremy Irons played the CEO, who says "Speak as might to a young child or a golden retriever. It wasn't brains that got me here, I can assure you of that".
And he had to fly in on a helicopter, because he was off somewhere else in the world, and after the crash, he's up in the pent house eating a steak.
The movie, other than that part wasn't entirely bad or wrong, but the way they portray CEOs is ridiculous.
I have never had a CEO like that. At my last job, the CEO showed up a 6 AM, worked until 6 PM. He was always the first in the office in the morning, and few stayed past 6 PM when he left. That was every single day of the week.
https://www.bizjournals.com/bizjour...urces/2018/11/a-day-in-the-life-of-a-ceo.html
You read any of the numerous examples of CEOs describing their typical day... not one is "sit at beach. Wait for others to send me pay checks. Ask for martini and bikini babes. Watch sun set. Watch movie at penthouse, and then go to bed.".
No one does that. It shows how ridiculously stupid the American public is, that they are swayed by the ridiculous portrayals of the moronic media. Like they are a Scrooge McDuck cartoon, spending their days swimming through vaults of gold. So dumb.... these people...
Another thing is CEO's often have failed marriages. Many live out of their suitcase or frequently move to another city or state when they change jobs which makes it very rough to have a quality family life.
Some say a CEO doesn't do anything. And how would you know that? Okay, if he doesn't do anything, why don't you become a CEO yourself if it's so easy? As the old saying goes, the grass is always greener on the other side. The truth is it takes a lot of education and experience to be a high paid CEO. You need to have a long record of accomplishments. Not all CEO's earn million dollar paychecks either.
They tell us companies should liquidate much of a CEO's pay so they can give more to their workers. Without that CEO, there might not be any workers at all. If you operate a drill press for $15.00 an hour, it means your employer can sell your work for $25.00 an hour. No company would pay a CEO 2.5 million dollars if they were not bringing in 3.5 million dollars of revenue for the company.
And that claim always cracks me up. Pay the CEO less, so the workers have more. Did these people ever take a math class? Like in Middle School?
CEO of Walmart - $20 Million salary.
Employees of Walmart - 2.2 million.
$20 Million divided by 2.2 Million = $9.09. For the whole year.
Of course that's not even possible, since only $4.7 Million is cash. The rest is stock, which you can't pay employees with, since they wouldn't be able to sell it for 10 years, like the CEO.
$4.7 Million divided by 2.2 million = $2.13.
So now you have no CEO of the company, and all the workers got, was $2.13 for the entire year. And without a good CEO, we know what happens to companies... they fail. Like Enron, or Apple in the 1990s, Countrywide, Worldcom, Sun Microsystems, and the list goes on.
All so that the employee can get two bucks instead of paying for a good CEO.
Ridiculous.