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[QUOTE="Dave85, post: 1779266, member: 3946"]
I agree with your way of thinking.  When I think of market I think of multiple companies competing with each other on price and service.   There are no inefficiencies because the competition forces each company not to allow it in order to stay in business.    Employment is not really a product companies are selling.  It's not like someone is going to come in and take Swofford's job because the other person's marketing savvy or advertising.   The board, which Swofford is probably a member,  is not even looking to buy anything so this is not exactly a market.

I don't have a problem Swofford making $10 million dollars per year.  But just don't call it a market.  Calling it market is just pretending.  It's more like an arrangement than a market.  If the board doesn't like Swofford's performance he gets ousted or doesn't get his annual 20% raise.   Even if he doesn't perform well most executives get huge pay raises regardless of a company performance based on the argument the company could have done much worse.
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