It's very rare that someone is being paid 8 figures or more per year based on nepotism alone. 99% of the people who draw that sort of paycheck have substantial accountability for their performance in those roles. Not to mention that knowing people is an asset in of itself. It's not uncommon for professionals to do this thing known as "networking."
you said I made up the person, not the relationship. Just admit that you were wrong, and move on ….the points is still the same.
Well then, wealthy families will continue to grow their money with each successive generation UNLESS offspring are less skilled, less qualified, less motivated, less intelligent, less wise. Then the dynasty eventually unravels. That actually happens quite frequently, which goes to show you, even with a lovely head start, it's not easy to continuously grow wealth.
One thing I'm certain of is that people that make 8 figures dont face "substantial accountability" when it comes to anything
Ok, weirdo, why didnt you just say "what about the Portillos guy" instead of calling him my best friend?
You don't get a CEO based solely on who you know, sure. But more doors are opened along the way up based on who you know. Internships, clerkships, good entry level management jobs out of college. I mean, it's basically the whole reason you build connections in your young 20s and join things like fraternities, young business clubs, etc.
To me CEOs are a lot like NFL coaches, once you are in the club, you basically stay there, if you fail, you get a cushy severance package and your network finds you another opportunity at some point. Some people get in because they have some kind of ability, but for the most part, you dont go to college to be a CEO or a NFL coach because thats not how it works, its a lot of meeting and knowing the right people, attending the right schools, working for certain people, and getting them in your corner. If you are actually good or above average at the job, even better, but its not a requirement.
I think Bob Chapek is a good example that they do face accountability. Yeah, I'm sure he got a great golden parachute, but he was pushed out of Disney for making some very questionable moves.
Tax reform is not a one time thing, i.e., taxes are collected annually. No one is calling for the super rich to give up all their money all at once. Moreover, I didn’t say I was against spending cuts. I’m not. The problem is where. I would suggest that the ones most (not solely!) responsible for out of control spending are conservatives and the special interest money they take to do special interest’s demands. One such special interest is DOD. Another is the healthcare industry.
I think that's actually a pretty good analogy, although I think I like NBA coaches better. You have a lot of the guys you're talking about that. But you also have a lot of self-made guys like Erik Spoelstra (who had a job boxing shoes) and Nick Nurse (who got a job coaching a tiny university at age 23). It's a healthy mix of who-you-know guys and own-accord guys in the NBA.
Spoelstra had Pat Riley in his corner, so even then, you sort of need to have the backing of people who are in the club. I think he's proven himself, but its hard to see him getting that Heat team without Riley thinking he had something. When he got the job, people just sort of assumed he was a crony or yes man for Lebron and/or Riley.
Over the course of history wages are reflective of labor organization levels. Your squeaking from the cheap seats is exactly that. Unions are not only good for workers, they’re good for communities and for democracy: High unionization levels are associated with positive outcomes across multiple indicators of economic, personal, and democratic well-being
