The highest paid CEOs lose their shareholders about $920M a year.

I ignored proxy statements for about ten years. Figured executive comp was a politics thing, not an investing thing. Turns out I was wrong, but not for the reason most people on here think. Let me get the dumb version of this argument out of the way first, because it’s the one that always shows up and it deserves to get shot down. Average S&P 500 CEO pay last year was $22.8M. That’s the AFL-CIO number, and it excludes Musk’s $158B Tesla package because that thing breaks every average it touc

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