Pardon my venting, but what does a CEO actually do?

[em2nought]

Maybe CEOs should be forced to put a large percentage of their assets into something like a company bond, but with a maturity date like a CD(wait bonds do have a maturity date been awhile since I had one). Companies go bust five years down the road and bonds are practically worthless. Would make for good incentive not to run a company into the ground. Won't put your money in the bond, guess you don't want the job.

[Platapus]

Originally Posted by em2nought

Maybe CEOs should be forced to put a large percentage of their assets into something like a company bond, but with a maturity date like a CD(wait bonds do have a maturity date been awhile since I had one). Companies go bust five years down the road and bonds are practically worthless. Would make for good incentive not to run a company into the ground. Won't put your money in the bond, guess you don't want the job.

A great idea. I like the idea of, when practical, to put CEOs on a very large commission. Something really big to attract and motivate them. But it is linked to the success of the company. Run a successful company, get rich. A successful CEO should reap the benefits. They earned it.

If a CEO believes in the company and is committed to the company, why wouldn't they accept this commitment?

But a CEO who does not run a company well, why should they get huge compensations? Why are we rewarding CEOs for mediocre performance?