Wednesday, October 05, 2011

The Upward Spiral

So CEOs of major corporations seem to act/think like college students at premiere universities. No one should get a C because everyone is above average!

Nevermind that a C for CEO's (around $5M/yr) is much better than an A+ for the rest of us. They always want to be and think they are better than their average peer which, in so many cases, is clearly untrue.

What I find worse is this delusional perception that many super-rich have that they couldn't be replaced, at the drop of a hat and for a quarter their salary, by someone as good or better. If all the redicuwealthy in this country went Galt pretty much nothing would change, except salaries at the top would (at least temporarily) drop. Of course the upward spiral would just be resetting, not going away.

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