CEOs, Not the Unemployed, Are America's Real Moral Hazard

What would be nice is a historical look at the CEO role over time along with the other changes to how companies are run.

For me- I've seen a shift in company mentality from making sure they had money to cover 5 year plans towards a focus on paying out the biggest share dividend they could. This with the shift into JIT production management/outsourcing to reduce costs further all in a drive to show accountancy wise how good they are and pushing out the largest share dividend each year. At least that is how I've seen things shift company wise with the shareholders usurping the customer as priority, with both usurping the workers who used to be one happy family towards a HR production line of payroll numbers.

This then creates a climate in which the perception is that the CEO does all the work and the only one the shareholders would know and as such the rise in top exec pay and stagnation in workers pay has seen a divide between them only grow wider and wider.

But when share dealing systems are more often driven by perception, the rush to keep share dividends high as that is measurable perception is one that holds more gravitas than before and in many aspects for workers has created a race to the bottom.

Is this America's real moral hazard? Not in so much that it is a global moral hazard with some countries more advanced along that direction than others, though I could not name a country in which companies are operated in a way that does not have a share price/share dividend focus over all else, at least any that would stick out large business wise. Smaller companies and businesses still mostly still have that family culture with workers and see's workers as one of the most important assets that business has and can put names to them all.