A Market Failure

The penultimate paragraph of a nice post by TM Lutas:

So why has CEO production not drawn attention of the same people addressing the “IT shortage”? Why doesn’t the CEO grooming process create more candidates that drive costs down? Why is shareholder value being squandered in so many cases in highly compensating a stream of short lived, not very good chief executives, who drive the company into disaster time and again?

Go read the whole thing there.

We, the worker bees of this economy, are faced with the prospect of billionaire CEO’s lobbying congress to admit more workers to this country. More workers will only mean depressed wages for us worker bees. This is especially true for the people with the lower skill sets.

I think we should have a contest, like was done in Million Dollar Arm, only this time we search for CEO talent. My preference would be to find some guy that just didn’t quite make the cut for IIT. You know, someone of the wrong caste, or maybe some poor farmer, one of the types that never gets a break in India. There is only about 500 million people that fit this category. There must be a really hardworking and smart young guy that is capable of being the CEO of Facebook within that group. He’s probably do it for about one quarter of what Zuckerberg takes home.

Who’s in?

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