CEO

Someone try to convince me why one person like those CEOs deserves such an obscene amount of money while others in their company has to take the bus everyday!

The argument is often that Because if they don't make that much money they'll leave, and we can't have that for some reason. Apparently there aren't people just as capable (or maybe even more capable) willing to do the same work for much less. I guess that whole saving money on employee expenses thing only matters for those on the lower end?

No kidding, this is completely ridiculous right! What contribution can one person make to the company that makes them worth a few thousands times more than their employees? Like the CEO is making $30,000,000 and they can't find someone to do the same job for $15,000,000?

Again they said Because the shareholders and board decided they're worth that much. Make your company $billions and you could get your name on the list. Besides you have football and basketball players receiving multiple times what the CEO's are receiving. Is that ok? You have actors receiving 10s of millions of dollars for movies any high school student could do. Is that fair? How about singers like Madonna?

But we have seen CEOs that lose their company billions and still get a bonus, results don't seem to count for CEO pay. Their incentives have little to do with reaching long term goals. In fact the structure of these incentives often encourage them to do things that are short term profitable but long term bad. It even leads to questionable if not illegal actions.

Also you will find that they make millions in incentive pay even when profits and stock value are going the wrong way. Look at some of the worst performing companies that you can find and then look up the CEOs incentive compensation. You can start with the ones that have gone bankrupt.

Argument is, it's a market economy, and anyone deserves as much as they can convince someone to pay them in a competitive environment. That's true for CEO, professional athletes, singers, or anyone else.

However I think it's more like:
CEO: "Okay, Company X, I think I deserve $500,000, a nice benefits package and two cars."

President of the Board: "Gee, you're a great CEO, but that sounds a bit extreme..."

CEO: "By the way, I think you guys all deserve more money too."

President of the Board: " I like the way you think! You're hired!