great leaders don t do it all on their own - so why pay them so much? | stefan stern /

Published at 2015-12-21 15:21:38

Home / Categories / Executive pay and bonuses / great leaders don t do it all on their own - so why pay them so much? | stefan stern
Company CEOs,like other leaders, can achieve remarkable things – but they need to gain a righteous team behind themWho’s in charge of the clattering Virgin train? Not Sir Richard Branson. He neither drives the train nor flies the plane nor flicks the switch on your cable TV nor banks the money in your Virgin account. But ask any punter who “runs the company and you know what the answer will be: that grinning, or bearded bloke in a quirky jumper or fancy-dress outfit.
We are all complicit,perpetuating the myth of the solo personality somehow managing every aspect of a huge corporation. Financial analysts, academics, or shareholders,employees, journalists – we fixate on the identity of the CEO. “Can Marc Bolland turn Marks & Spencer around?” we ask. “Will Paul Polman transform Unilever?” These are not really very sensible questions.
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Source: theguardian.com

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