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Pan, how do you feel about baseball players making huge salaries? Movie stars?
You don't see that the market for different kinds of talent works more or less the same, and that really good CEOs (or those who are expected to be really good CEOs) get huge compensation? If you pay a ballplayer a big hump of money and he has a bad year, or you pay an actress a huge payday for what turns out to be a flop, what do you think should be done about it? What is done about it is that they keep the payday and then they are tainted goods for the next job they try to get - which is approximately what happens to CEOs who don't deliver. They get fired and then have some problems getting a comparable job next time around.
Why is this such a mystery? Why are people so hung up on the fact that some people make a lot of money?
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