Because they are the fall guy when the company does something illegal (like most of them do all the time) and get caught.
The real perps (shareholders) get away scot-free by claiming they didn’t know it was happening.
Comment on Google’s Sundar Pichai says the job of CEO is one of the ‘easier things’ AI could soon replace
thoralf@discuss.tchncs.de 7 hours ago
So, he practically says that being a CEO is trivial and mechanical.
How does that justify the insane pay then?
Honytawk@feddit.nl 6 hours ago
frongt@lemmy.zip 6 hours ago
The board and directors, not shareholders. Most companies have non-voting shareholders. Unless it’s Blackrock or their ilk, because they have significant influence even without voting rights.
Pika@sh.itjust.works 7 hours ago
Like the other person said, its never justified, its just they run the company so who can really tell them otherwise.
Shareholders maybe? but they won’t rock the boat.
tirednapstablook@lemmings.world 7 hours ago
It’s never justified. They see they can get away with it, and so they do.