Why CEOs are overpaid
Page entitled : The myth
of unsatisfied demand for CEOs
Content of this page is about :
How US corporations wrongly believe in the scarcity of top executives and
international competition which leads them to overpay their CEOs.
... Top managers are not a different breed of human beings. Sure, it takes
intelligence, a thorough (usually academic) education, good communication
skills and a solid, preferably broad work experience to fill a position of
chief executive or chief operating officer for a large corporation. And true,
there are thousands such companies in the USA. But there are certainly
hundreds of thousands, if not millions, of intelligent, well educated,
socially capable and experienced Americans who ...