LOL. Sorry Namahottie, my bad.
I don’t think that guy’s worth that much.
If you could go back in time, pull him out, and stick someone else in place, how much would change? Tough to say, but I’m guessing not much.
Having someone in charge who is so highly, publicly valued creates all kinds of unreal expectations and unreasonable pressures on the the next guy to sit in the big chair. Think of Alan Greenspan. He’s been called “the best central banker since God.” Lots of people think he’s always right. That puts so much pressure on the next guy, how’s he going to manage it? Creating a myth surrounding the big guy means destroying everyone’s faith in the group when he goes. It happens a lot, in business and sports. (Who took Jordan’s place on the Bulls when he retired the first time? How’d he do?) That kind of myth can be useful for a time–strikes fear into the hearts of your enemies, for one thing–but in the end it kills you. It’s not worth it. He’s not worth it.
How do you convince people who work further down the line to “give it their all” when you’re “taking it all”? Why should I, a little guy, work my ass off so that the boss can give himself another $5,000,000 bonus while cutting my benefits and threatening to outsource my job? Do I want to see his kids, grandkids, great-grandkids, and great-great-grandkids all coasting through life on one fat cat’s fat payday, while me and mine scrape by? Why should I support that kind of excess? I’ll work hard to make the company a success if I can share in that success. I’ll put in an honest day’s effort, if I’m treated honestly. But if the boss is making 250 times more than I am, I don’t think that’s right.
Just because someone is willing to pay the price (with someone else’s money) doesn’t make it the right price. If you’ve got access to Michael Jordan’s bank account, how much are you going to be willing to spend on transportation? Is the price you’ll be willing to pay for a Bentley the right price, given that it’s not your money? Do you need a Bentley? Wouldn’t a Caddy, or maybe a shiny pickup do (maybe even a better job)?
“The Market” is a great way of solving a lot of economic problems, but not all of them. It’s not perfect. It’s been designed to work in certain ways, and it’s dependent on all sorts of things, and I think that too many deals like this ultimately unbalance the market and destroy the system.
(I hope I did a better job expressing myself that time around. yeah?)