Chief executives may earn commissions and options of hundreds of millions a year. But who is to say what is too much? Some politician or bureaucrat?
Do baseball players also earn too much money? They certainly do, if they get up to $30 million a year for playing a kid’s game. And which many amateurs do for nothing, but just a little less efficiently. The real difference in their ball-hitting capability is not learned the hard way but in their luck in having eyes to see the ball. And ballplayers are indirectly being financed by their bosses’ subsidized ballparks.
Do gymnasts deserve more than they earn? They get practically no income despite all the incurred pain, and years of training and practice, and the need to overcome initial physical fear. Unless there's media hype in an Olympics.
From my personal experience with all three practices, it is difficult to see how bureaucrats and politicians are so ready to damn CEOs for making “too much” money while other genuinely overpaid groups are left to make their fortunes politically undisturbed. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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