undefined | Better HN

0 pointswkat42422y ago0 comments

But these board members and CEOs rarely get to face real consequences. At worst a golden handshake that sets them up for their retirement.

0 comments

3 comments · 1 top-level

imgabe2y ago· 2 in thread

Having the leverage to negotiate high compensation means you also have the leverage to negotiate limited downside. If they were the kind of person who wasn't savvy enough to negotiate well for themselves, would you want them negotiating on behalf of the company?

wkat4242OP2y ago

There's a difference between negotiating well and being extremely greedy. The latter is not something you'd want at a company with a respectable image.

imgabe2y ago

Nobody cares about being "extremely greedy" if the company succeeds. If the "extremely greedy" CEO negotiates hard on the company's behalf and gets price concessions from vendors and drives high profits, nobody is going to be lamenting about how it's not "respectable" when they're cashing their fat bonus checks.

On the other hand if the CEO leaves money on the table and doesn't negotiate hard because he's afraid randos on the Internet will call him "greedy" and subsequently profits fall and the company has to lay off thousands of people, nobody is going to pat him on the back and commend him on being "not greedy" and "respectable".

j / k navigate · click thread line to collapse