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I always wondered how CEOs manage to justify such high pay to boards of directors… but I guess the boards don’t even really care. They hope the buzz from hiring big name CEOs will attract investors and raise the stock price. The article is of course right, in the long term that means nothing and what they do isn’t special.
Yeah it’s seems like one of those things that everybody knows to be true, but now we have empirical evidence.
Well colour me surprised