So a lot of that changed when the law changed that capped ceo salary at $1M. They started getting comp in stock. So of course when they say they only have a fiduciary responsibility to shareholders they really mean to themselves.
Everyone was all yay CEO salaries were out of control so we got them capped. But look at the monster the side effect of that created.
CEOs are literally not a problem compared to the billionaires who own these companies. CEOs are still bad, but they are henchmen, not the main villains.
So a lot of that changed when the law changed that capped ceo salary at $1M. They started getting comp in stock. So of course when they say they only have a fiduciary responsibility to shareholders they really mean to themselves.
Everyone was all yay CEO salaries were out of control so we got them capped. But look at the monster the side effect of that created.
CEOs are literally not a problem compared to the billionaires who own these companies. CEOs are still bad, but they are henchmen, not the main villains.
Difference without much distinction.
I only bring it up because people seem to focus on CEOs without thinking about the bigger system behind why CEOs are such garbage.