even more reason to make sure the guy at the top is not going to screw up. So the line workers don't end up suffering.One of the intrinsic problems of why people view CEOs and others of the 'elite class' so negatively is that unlike 'normal' workers, their wealth is incredibly durable. Companies fail but rarely does a person who has ever made it to the top end up back anywhere near the bottom.
But I'm quite certain once a CEO drives a company into the ground, he'll have a tough time finding another gig.
And those people have expensive tastes - they can't go on living without working - just like we can't at our level....
The biggest risk is is not for the individuals working there, but to the market... all those poor suckers that pumped cash into the company (via stock purchases), hoping that the company will earn them a return.... instead they lose their capital..... CEO's hare huge owners of shares as well... their comp package may contain more payout via shares than actual cash... so if those shares tank - boom - the CEO is left with a stack of toilet-paper.
Here is the story on Deere's CEO.... just as I thought - most of it is tied to the company doing well...
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