|
As much as this is an emotive issue the packages offered to CEOs is largely determined by market forces or the supply and demand of labour.
A CEO is a non specialist, the same CEO who runs a bank can also run an automotive company or a public utility. As a result companies that ordinarily do not compete with each other on a commercial level are all in the same boat when it comes to attracting the right person for the top job.
The harsh reality is that there a too few individuals considered to be of the "right stuff" and a relative abundance of top level positions.
The result is the highly inflated packages being offered.
Steven
|