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Larry and Sergey have 51% voting power. They are the ones deciding how much Sundar is paid. Put it the other way: if they don’t want to pay him that much: they
by gregdoesit 3y ago
Larry and Sergey have 51% voting power. They are the ones deciding how much Sundar is paid. Put it the other way: if they don’t want to pay him that much: they have the power to do so.
As the ultimate owners of the company by shareholder votes, they approved the compensation of Sundar, and are the decision makers.
- fsckboy 3y agono, they need to compete with other companies for the talent pool of CEOs. There is a market for such leaders, and if they drop the pay too low they will not get the same quality CEO, and they won't incentivize the CEO they have to the same extent.
- hnfong 3y ago> they will not get the same quality CEO Hah!