A salary of 2M could cover the salary of 5% of the employees that have been fired (assuming a 150k salary). I bet you their impact will be much bigger than a single CEOs.
I know of no country/city where someone needs 2M to live comfortably, but I haven't even called it ridiculous. What I called ridiculous is that seemingly this CEO does not have their salary tied to the performance of this company.
Usually the bonus is tied to the performance of the company.
Also 150k salary != labor costs.
Anyway I find your analogy ridiculous. Lets just not hire CEOs or upper management at all. It will work for some and fail for some others but it does not prove your point.
> Lets just not hire CEOs or upper management at all.
Now that's ridiculous, it feels like you're misunderstanding me completely. I never suggested that CEOs or upper management shouldn't exist. I just think that in some cases they do not deserve the massive salary they are getting, millions per year is a crazy amount of money to earn anywhere, how can you possibly argue that it's not?
A salary of 2M is not even 1% when it comes to the labor costs of the people they fired.
Maybe they dont need the CEO in the first place but that's an entirely different discussion.