jc456
Diamond Member
- Dec 18, 2013
- 139,189
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no they get shares of stock and they want to make money off of that stock. Period. They give a shit about the pay of the CEO. They merely want a qualified CEO that earns them capital gains so they can invest, invest, invest. and make money. NOthing about salaries. you're lost.A Board of Directors set the CEO's pay.
The board is filled with other Ceos who also want raises.
There are some but they have a bigger obligation to the stockholders.
Most stock holders aren't paying they much attention to CEO pay. They would only notice if the stock really tanks.
Most board members have a vested interest in the companies that they sit. I'm not going to keep a CEO that is going to hurt the stocks. That's my money I'll lose.
But most board members are also CEO's and have a vested interest in CEO pay increasing. Things really have to go bad for a CEO to get a pay cut or be fired.