Nice, except that I can offer you loads of examples of situations where the CEO's drove their businesses into the dirt - and yet they are still compensated. Show me please repeated non-union examples of the same happening with workers. As I said and you failed to address - this is not a perpetual situation, you cannot show me how a 45 million dollar ceo is only half the value of a 90 million dollar ceo. From your example, a billion dollar a year CEO should be even better right? Now look at it from the point of actual earnings of the company and we might come to an agreement. CEO A and CEO B both get .2 percent of the net profit of the company - in my opinion this would be quite fair - if CEO A earned a billion dollars in a year it would mean that their company has been quite profitable, but this is not how it ordinarily works and except for (in some cases) stock options, CEO's pay is rarely linked to performance - something that you seem to be arguing actually happens.
i can offer you loads of examples where government regulation drove a company into the dirt.
does this prove government regulations are overpriced and should be cut back to the level that corresponds to their effectiveness?
regulatory changes are rarely linked to a comprehensive cost/benefit analysis, and are usually just pushed through by bureaucrats who never worked in the related field a day in their lives.
this is true of agricultural regulations, industrial regulations, financial regulations, and of course environmental regulations.
but the apocryphal CEO is the bad guy. who is this CEO youre talking about?
the CEO of General Electric? nah,, he's one of the good guys, since he works "with" obama in their scheme to turn the economy around...
warren buffet? nahh hes a liberal...
bill gates? nahhh he's a liberal too...
that guy from delco moraine who is keeping the "engine that runs on water" under wraps?
broad sweeping generalizations are great but when you start narrowing your argument to specifics, you gotta bring specifics of your own.
it's true that a bad captain can sink a ship, but so can a careless crewman, a heavy storm, a rogue wave, or an iceberg. either way, the captain usually takes the blame anyhow.
who are these captains who sank their ship, dog paddled to their diamond encrusted yachts while the passengers and crew drowned and then just got given another ship to sink?