CEOs in America (and elsewhere) make as much money as they do because there really is a shortage of people with their skill set. And it's such a serious shortage that some companies have to pay as much as $1 million a day to have somebody successfully do the job.
But what part of being a CEO could be so difficult-so impossible for mere mortals-that it would mean that there are only a few hundred individuals in the United States capable of performing it?
In my humble opinion, it's the sociopath part.
CEOs of community-based businesses are typically responsive to their communities and decent people. But the CEOs of most of the world's largest corporations daily make decisions that destroy the lives of many other human beings.
Only about 1 to 3 percent of us are sociopaths-people who don't have normal human feelings and can easily go to sleep at night after having done horrific things. And of that 1 percent of sociopaths, there's probably only a fraction of a percent with a college education. And of that tiny fraction, there's an even tinier fraction that understands how business works, particularly within any specific industry.
Are CEO's Sociopaths? - American Politics - Care2.com
It would be a serious mistake to suggest that most or all CEO's are sociopaths - however i would argue many of them very well may be.
the shenanigans that have gone on with the financial crisis and in this country with the property bubble, the businessmen and lawyers that have conned people out of their life savings (Madoff, Cheney and our own Breifne O'Brien)
How high-flying Breifne 'pulled in the suckers' - Analysis, Opinion - Independent.ie
It's time to face up to the fact that these people are capable of doing great harm to society - and systems should be put in place to deny them positions of trust and high political office - whilst also acknowledging the fact they can be quite gifted (in some areas) and they may have some benefits to society.
There has been much study done on this in the US and Canada.
Here are some great vids on the subject.
[ame="http://www.youtube.com/watch?v=5TWQgGSdB4U"]YouTube - Psychopaths in Marketing pt 1[/ame]
[ame="http://www.youtube.com/watch?v=zA9-RB3runE"]YouTube - Psychopath - Psychopaths - Documentary - [part 1][/ame]