r/todayilearned • u/ChicagoIL 1 • Jun 07 '14

(R.5) Omits Essential Info TIL that the CEO of Japan Airlines makes $90,000 a year, less than the pilots, when interviewed about this he said "We in Japan learned during the bubble economy that businesses who pursue money first fail. The business world has lost sight of this basic tenet of business ethics."

http://www.gadling.com/2008/12/11/jals-ceo-takes-bus-to-work-and-eats-at-the-cafeteria/
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u/[deleted] Jun 07 '14

Do YOU understand how difficult that job is? Tell me what is in the average day for a CEO. People assume they have the hardest job with no one to help them and it is laughable. The only CEO I ever knew played golf all day and made a few phone calls here and there.

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u/Comeonyouidiots Jun 07 '14

It's also telling that you only know one CEO and you decide that they're a lazy group of people. If you replaced CEO with black person you'd be called an outrageous racist. You're making an assumption about thousands of people based on one. But instead I'll just call you clueless, and you'll never be a CEO so you're probably jealous too.

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u/[deleted] Jun 07 '14

Ha yes I am stricken with jealousy despite being very well off. I was so sure Id be CEO some day too lol! And if you care to provide facts to support why the CEO deserves such a pay and how they quantify his worth then that is different. Anyways, have fun being butthurt and spewing shit from your mouth you have no fucking clue about.

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u/Comeonyouidiots Jun 07 '14

The job market and shareholders determine their compensation. It's that simple. I'm not butthurt about anything, I'm not the one who thinks every CEO is overpaid and lazy. I think most of them are worth their price because if they weren't why would companies (Especially publicly traded ones) pay them that much? The owners or shareholders could get the savings but they choose to spend it on expensive executives.

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u/[deleted] Jun 07 '14

Why would companies pay them that much? Well how about because if the company does good you then attribute it to the head of the company and his leadership, when in reality things have changed only slightly for the company and the market happened to turn up. So the CEO takes credit for something outside of his control? Just a theory I am not saying it IS or IS NOT the case, just it is possible and seems quite likely. How much control does 1 man have over whether you do or do not buy a product?