Tech CEOs have this wet dream where they just speak into a microphone, “Create my product” and employees will no longer be needed. So… if it becomes that easy, why will Wall Street need tech CEOs?
Tech CEOs have this wet dream where they just speak into a microphone, “Create my product” and employees will no longer be needed. So… if it becomes that easy, why will Wall Street need tech CEOs?
CEO salaries were huge and often complained about long prior to SOX.
In the USA a law was passed to make CEO pay public for public companies. It was intended to shame the companies into lowering the salaries. CEO salaries skyrocketed. One guess was that “Our CEO must be the best, so we must pay the most to get the best.”
This was long before SOX in 2002.