Starbucks says incoming CEO Brian Niccol can live in his home in Newport Beach, California and commute to Starbucks’s head office in Seattle on a corporate jet.
Add to that, a charter jet company quotes the price for that flight at ~$18,000 each way. Maybe reduce the cost of that flight in half, but the yearly bill for transportation alone is going to be in the range $25,000,000+ per year. No CEO is that valuable.
That is sort of like arguing that “no medieval Duke or Baron is that valuable.” Guys as rich as him are part of the owning class. They live in a completely different world than the rest of us and most of those positions are decided by nepotism. The MBAs working under the C-suite do all the real work of managing the company while the C-suite types fly around the world, play golf, party on yachts, etc.
That is sort of like arguing that “no medieval Duke or Baron is that valuable.” Guys as rich as him are part of the owning class. They live in a completely different world than the rest of us and most of those positions are decided by nepotism. The MBAs working under the C-suite do all the real work of managing the company while the C-suite types fly around the world, play golf, party on yachts, etc.