Comment by utopiah
8 days ago
Ah, that's not how it works : CEOs are rich so they are successful. They are successful so they are rich. Q.E.D.
8 days ago
Ah, that's not how it works : CEOs are rich so they are successful. They are successful so they are rich. Q.E.D.
Maybe in your fantasy world.
In reality people are rarely rich based on merit alone.
EDIT: Sorry it was a really clever joke.
It's sarcasm, obviously.
I think you missed the joke.
>>>EDIT: Sorry it was a really clever joke.
I sincerely hope that was your attempt at sarcasm.
exactly my thought.
> CEOs are rich so they are successful.
"Successful" in which sense?
The most reasonable definition "Successful in convincing other people to give them money" is rather a tautology. :-)
A very related problem concerning your argument is well-known for decades: the Principal–agent problem:
> https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...
It says that the self-interest of an agent (e.g. the CEO) is not identical to the interests of the principal (e.g. the shareholders).
Why do I mention this? The CEO being rich is a measurement of the financial success of the agent, but not of the principal. You are rather interested in measuring the success of the principal.
As you might see in other comments the tautology is the joke.