Having an MBA does not necessarily make one a better CEO or businessman (or businesswoman). However, like everything else in life, there need to be some barriers to entry. A college degree is no different. There are many jobs out there that you cannot get without an undergraduate degree.
And quite often, your degree, even your major, teaches only a small amount of what you will actually need to know to do your job in the “real world”.
These men and women CEO’s make a lot of money because they do what few others are willing to do. If they make the right calls, they generate wealth for many. I agree that the “golden parachutes” for ousted CEO’s might seem a bit unfair, but these talented men and women would probably not sign on for those jobs without some measure of protection. It’s no different than a professional sports contract – guaranteed money plus some incentives for good performance. Poor performance gets you traded or released, but you still get some or most of your guaranteed money.
The wealth and class envy of some of the people in this country is idiotic. These men and women worked very hard to be where they are in life. And don’t think for a second that they haven’t paid for it in other ways. Yes, some liberal will no doubt pipe up about their mother/father/grandfather who worked hard for sixty years and didn’t become a millionaire like these’s CEO’s. Actions do not guarantee equal outcomes. It’s all about what you choose to do with your life. I’m not rich. I will never be rich. But it’s not my place and it’s not fair to begrudge others their wealth.
