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I was not aware media outlets were talking about how amazing and hardworking billionaires are. No. Do you have some examples?
No. They establish companies (employee people) to build, manage, and maintain these organizations as they dictate. They're actively involved in the principles of the organization and maintain a seat on the board of directors to ensure upper management is fulfilling their vision. A lot of their work is with lawyers to make sure everything is done legally and to push legislation through city council to keep the project on time. Sometimes a project will involve contributions to the city like parks or public spaces so they work with architects to design those projects too. That's a very small part of what I'm aware of what they do.
They are giving away hundreds of millions of dollars for the future benefit of lives well beyond their own time. They're doing more by establishing these long-term enterprises than they ever could by simply giving out money. Because that's what makes sense in the reality we live in.
Are you saying that wealthy people should not use their money to build hospitals or help dying kids?
Oh come on. If you really are in the room with billionaires at charitable events you know the press is often invited to write puff pieces about how generous they are.
I’m saying we shouldn’t let people undemocratically decide whether or not working class people build hospitals and treat dying kids. By advocating that billionaires hold that power you are literally siding against democracy. But hey I guess all those super yachts just need to be built. For the good of society right?
If being a ceo is so much work, how come so many of them have multiple CEO jobs?
Doesn't seem to hard to me, when one person can hold that title in multiple corporations all at the same time.
What I'm hearing you say is - I have no clue what these people who make so much money actually do but I'm of the firm belief that they're paid a lot of money to do nothing. If I were you, and I have been and continue to be someone who finds so much in life curious and puzzling, I would take a moment to learn a bit more about the area before I make such bold claims about things I only know about from social media. Perhaps look up "what does a CEO do" or "why do CEOs make so much money".
But to provide some answer to your question, from my experience, the CEOs I've known are super over achievers. The people I've known are working 24/7/365 while they appear to have somewhat fulfilling family lives. For them to take time off of work is like dying. They just can't stop.
Granted, the CEOs I've known aren't CEOs at multiple companies. They may be on a board of directors and they may be presidents of organizations in addition to their CEO title. I'm not sure I've heard of someone being a CEO at more than one company.
Part of the compensation for a CEO is so they can hire people to work from them (that's how I know these people). The company is going to pay them well enough that they can hire cleaners and contractors and housekeepers and nannies to afford them the opportunity to continue their work all day without interruption. So, an average CEO household might have four people on staff for them at any given time. I can tell you, these people are paid crazy money so that's a good half a million dollars right there that someone is being paid so they can live a life dedicated to their job, not because of the effort they put into it.
I mean, in regard to effort expended, if I mom can own and operate a local bakery while taking care of the home and coaching girls soccer and being president of the PTA, what makes a CEO any different? Just because they're paid a lot more? A local bakery is serving the local community. It's only ever going to generate a finite income and offer a finite value to the neighborhood. A CEO is, presumably, managing a national or international organization making millions or billions of dollars. They mange the people who manage hundreds or thousands of employees. The choices they make impact all the lives of the employees as well as the clientele and the bottom line for the company.
From the average person's point of view, it's obscene how much money these people are paid. From their perspective, it's quite logical. IMO, I think there's a cap on what a CEO should make - not because it should be regulated but because the company is just throwing money away. However, I'm aware that these people are in high demand because of the work they provide so companies are bidding for them. Sign on packages and yearly bonuses reach the sky just to acquire someone, regardless of the value they're currently providing the company.
So, how do you fight something like this?