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LisaA
Guest
Greed is part of EVERY culture. It is part of human nature. It will not change. Get used to it.Once again, you clearly don’t understand the principal-agent problem. If you did, you might understand that there is a huge difference between a rapper selling a million records and the incentives faced by managers of companies relative to the owners when there is a separation of ownership from control of a company. As far as the rapper is concerned, if there are willing customers for his product, who am I to complain?
I am not sure that being a CEO is any better than being a rapper. If the CEO didn’t exist, someone else would take his or her place, same thing with the rapper. Neither of them are indispensable.
The principal-agent problem is does not really vary by industry. CEOs can be self serving in virtually any industry.
You are the only one who brought up these four characters here.
Greed is part of our culture that needs changing. It is part of every culture.
And your agency analogy is pointless hair splitting. Unless the corporation has violated a law, the Board can hire whomever they want for whatever reason they want him/her.
How about addressing the issues or as HappyCatholic noted, you’re just having fun arguing?
Lisa