If you had a $100B asset, like Starbucks Inc, how much would you pay to search for and keep the right guy to run it?
The Venn diagram of people who have the diversity and depth of skills to pull off a major CEO role has a very small overlapped area.
If you choose your CEO well, you turn Apple in 1997 into Apple in 2010. If you choose poorly, your investment stagnates or evaporates.
So a couple of tens of millions in stock options are a bargain for investors. The value-add of any particular minimum wage employee, despite their equal human dignity and worth, is never going to even be in the same league.
The Venn diagram of people who have the diversity and depth of skills to pull off a major CEO role has a very small overlapped area.
If you choose your CEO well, you turn Apple in 1997 into Apple in 2010. If you choose poorly, your investment stagnates or evaporates.
So a couple of tens of millions in stock options are a bargain for investors. The value-add of any particular minimum wage employee, despite their equal human dignity and worth, is never going to even be in the same league.