> How is a CEO being paid $10M per year and running the company into the ground different from an employee being paid $6/hour and alienating 10 customers?
Clearly the former is orders of magnitude worse (in every respect) than the latter, no?
> If a CEO has the market power to demand a golden parachute and happens to be paid after she's fired, that's a byproduct of her initial market power, not corruption.
The system need not be corrupt, just broken. In the sense that (I think) we're discussing the merits of modern american capitalism, your comment begs the question.
Orders of magnitude worse each time, but likely to happen far less often. Arguably hiring a bad low wage employee, if repeated a lot of times, is way worse.
Wage inequality is not necessarily a sign of corruption.
Clearly the former is orders of magnitude worse (in every respect) than the latter, no?
> If a CEO has the market power to demand a golden parachute and happens to be paid after she's fired, that's a byproduct of her initial market power, not corruption.
The system need not be corrupt, just broken. In the sense that (I think) we're discussing the merits of modern american capitalism, your comment begs the question.