The myth of leadership

Tom Lloyd

Chapter 6 in Business at a Crossroads, 2010, pp 104-120 from Palgrave Macmillan

Abstract: Abstract The usual rationale for paying the CEOs of large, global companies ridiculous sums of money is that these organizations are extremely hard to run, and the mix of skills, abilities and talent needed to run them well is so rare that the extraordinary people who possess it can command extraordinary rewards. It’s supply and demand. Huge CEO pay packets are just market-clearing prices for skills as rare as hen’s teeth.

Keywords: Large Company; Agency Cost; Strategy Consultant; Management Idea; Management Academic (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25098-7_7

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DOI: 10.1057/9780230250987_7

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