--- title: "Meaning & Key Takeaway of: CEOs pretty much pick the boards that…" description: "\"CEOs pretty much pick the boards that give them salaries and bonuses. That's one of the reasons why the CEO-to-payment [ratio] has so sharply escalated..." image: "https://sms4smile.com/quotes/i/e5a/noam-chomsky-42_boards_ceos-pretty-much-pick-the-boards-that-gi_2936811.jpg" --- # CEOs pretty much pick the boards that give them salaries… ![“CEOs pretty much pick the boards that give them salaries and bonuses. That's one of the reasons why the CEO-to-payment [ratio] has so sharply escalated in this country in contrast to Europe. (They're similar societies and it's bad enough there, but here we're in the stratosphere. ] There's no…” quote by Noam Chomsky](https://sms4smile.com/quotes/i/e5a/noam-chomsky-42_boards_ceos-pretty-much-pick-the-boards-that-gi_2936811.jpg) [Download](https://sms4smile.com/quotes/i/e5a/noam-chomsky-42_boards_ceos-pretty-much-pick-the-boards-that-gi_2936811.jpg) [Open image](https://sms4smile.com/quotes/i/e5a/noam-chomsky-42_boards_ceos-pretty-much-pick-the-boards-that-gi_2936811.jpg) > “CEOs pretty much pick the boards that give them salaries and bonuses. That's one of the reasons why the CEO-to-payment \[ratio\] has so sharply escalated in this country in contrast to Europe. (They're similar societies and it's bad enough there, but here we're in the stratosphere. \] There's no particular reason for it.” [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. CEOs influence board composition, inflating their compensation relative to workers, especially in the US versus Europe. **In simple terms:** CEOs pick boards, boosting their pay. Key Takeaway Recognize and address corporate governance flaws. Themes power economics inequality governance Mood critical analytical Type policy economic When to use this quote - shareholder meetings - legislative hearings - public debates Key Concepts corporate capture pay disparity policy failure Questions to Reflect On - How can board independence be ensured? - What policies could cap CEO pay? A Different Perspective Reforms face strong lobbying resistance. ★ ★ ★ ★ ★ No ratings yet [Boards](https://sms4smile.com/quotes/about/boards/) [Bonus](https://sms4smile.com/quotes/about/bonus/) [Bonuses Reasons](https://sms4smile.com/quotes/about/bonuses-reasons-4358068/) [Ceo](https://sms4smile.com/quotes/about/ceo/) [Ceo Payment](https://sms4smile.com/quotes/about/ceo-payment-4358070/) [Ceos](https://sms4smile.com/quotes/about/ceos/) [Contrast](https://sms4smile.com/quotes/about/contrast/) [Country](https://sms4smile.com/quotes/about/country/) [Enough](https://sms4smile.com/quotes/about/enough/) [Europe](https://sms4smile.com/quotes/about/europe/) [Giving](https://sms4smile.com/quotes/about/giving/) [Particular](https://sms4smile.com/quotes/about/particular/) [Payment](https://sms4smile.com/quotes/about/payment/) [Picks](https://sms4smile.com/quotes/about/picks/) [Ratios](https://sms4smile.com/quotes/about/ratios/) [Reason](https://sms4smile.com/quotes/about/reason/) [Reason why](https://sms4smile.com/quotes/about/reason-why/) [Reasons Ceo](https://sms4smile.com/quotes/about/reasons-ceo-4358069/) [Salaries Bonuses](https://sms4smile.com/quotes/about/salaries-bonuses-4358071/) [Salary](https://sms4smile.com/quotes/about/salary/) ## Related quotes > [“How people themselves perceive what they are doing is not a question that interests me. 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