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Opinion
Matt Levine

CEOs Aren't Always Paid for What They Can Control

Not everyone is happy about this.

Here is a sad story about oil company executives who get paid less than they used to. The story is so sad that the headline actually says "Shed a Tear, Too, for the Poor CEOs," though I suppose that the tears called for are not wholly literal. The problem for these poor executives is that they were awarded stock options back when their companies' stock prices were high, and now those stock prices are low, so their options are worth, give or take, nothing.

Obviously, so what?