I genuinely don’t understand how we, as a society, reached a point where delusional businessmen like this exist. What can he possible do, to justify earning this much money, while his company is literally failing in real time
Don’t forget the rest of your phrase there: justify… “to who”?
If to you, he would have to do a LOT more than he has, for you to still buy in despite seeing that.
To them, merely having the title of “CEO” seems to be enough, to those who refuse to dig deeper. pOsItIoN oF aUtHoRiTaH.
They will be shocked, Shocked I tell you, SHOCKED when their money goes poof.
Put another way, your question presupposes several things, e.g. “In a fair world, how could that be allowed to happen!?”.
BTW, Donald Trump lowered the funding for the SEC, the agency responsible for investigation of financial fraud matters. Also he + the Republican Congress lowered the funding for the IRS too. After ACTUALLY “defunding the police” with his right hand - while simultaneously claiming that the leftists wanted to “defund the police” with his left - we will see a lot more of this than we did in the past.
In the past, criminals feared the police and did not want to get caught. Now that there are fewer investigations into financial frauds… we have FA, and we are about to FO.
It’s always been like this. It was tempered for a little while post WW2 (we’re in this together mentality) and then with unions. But that’s all over so there’s nothing stopping skyrocketing ceo wages.
There was a study about this. They gave some people an advantage in a game, like more starter money and more money when passing start in monopoly. Of course they won and if asked why, it was because they were just better than the other players. The same psychology plays out with CEO’s. They had an advantage of rich parents and/or got lucky, but will always say it’s because they are just better than the rest. And that plays out in wider society in a nice circular reasoning.
They are successful because they are better than te rest. They are better because they have money. They have money because they are successful.
It gets lapped up by the ones believing in individual freedom and making your own fortune, because current society, especially in the USA, has been one big experiment in extreme individualism. In practice it mostly turned out to be, partially by design, the old aristocracy under a new veneer.
I genuinely don’t understand how we, as a society, reached a point where delusional businessmen like this exist. What can he possible do, to justify earning this much money, while his company is literally failing in real time
Don’t forget the rest of your phrase there: justify… “to who”?
If to you, he would have to do a LOT more than he has, for you to still buy in despite seeing that.
To them, merely having the title of “CEO” seems to be enough, to those who refuse to dig deeper. pOsItIoN oF aUtHoRiTaH.
They will be shocked, Shocked I tell you, SHOCKED when their money goes poof.
Put another way, your question presupposes several things, e.g. “In a fair world, how could that be allowed to happen!?”.
BTW, Donald Trump lowered the funding for the SEC, the agency responsible for investigation of financial fraud matters. Also he + the Republican Congress lowered the funding for the IRS too. After ACTUALLY “defunding the police” with his right hand - while simultaneously claiming that the leftists wanted to “defund the police” with his left - we will see a lot more of this than we did in the past.
In the past, criminals feared the police and did not want to get caught. Now that there are fewer investigations into financial frauds… we have FA, and we are about to FO.
Entitlement. He got better because he comes from a well to do family and all the privileges that brings. He believes he deserves it, plain and simple.
It’s always been like this. It was tempered for a little while post WW2 (we’re in this together mentality) and then with unions. But that’s all over so there’s nothing stopping skyrocketing ceo wages.
There was a study about this. They gave some people an advantage in a game, like more starter money and more money when passing start in monopoly. Of course they won and if asked why, it was because they were just better than the other players. The same psychology plays out with CEO’s. They had an advantage of rich parents and/or got lucky, but will always say it’s because they are just better than the rest. And that plays out in wider society in a nice circular reasoning.
They are successful because they are better than te rest. They are better because they have money. They have money because they are successful.
It gets lapped up by the ones believing in individual freedom and making your own fortune, because current society, especially in the USA, has been one big experiment in extreme individualism. In practice it mostly turned out to be, partially by design, the old aristocracy under a new veneer.
You are not stuck in traffic. You are traffic.