Part of the reason the top brass get paid so much is that they’re on the chopping block if something goes wrong like this. It’s so the company can fire ask someone to step down and point to them and say, “See, we did something. Now everyone forgot our gross negligence.”
I used to believe this, then the 2008 banking crisis came along, banks were looking at going bankrupt, the government had to step in, and the CEOs got 7- and 8-figure bonuses.
Part of the reason the top brass get paid so much is that they’re on the chopping block if something goes wrong like this. It’s so the company can
fireask someone to step down and point to them and say, “See, we did something. Now everyone forgot our gross negligence.”I used to believe this, then the 2008 banking crisis came along, banks were looking at going bankrupt, the government had to step in, and the CEOs got 7- and 8-figure bonuses.