The ceo has the power to completely try and change corporate in some ways. And if c os get those decisions wrong, it can lead to billions being lost or gained. So i'm not pretending that all c s, a c o p founder pay is purely meritocratic. It's also a feature of the supply and demand features of a modern, dynamic economy too.
Reportedly the planet's richest person, multibillionaire Elon Musk is currently seeking to buy the World's online public square, Twitter. Should billionaires be able to buy so much influence? For this week's Sunday Debate we revisit a discussion from 2021 investigating just that, when we invited Professor Linsey McGoey of Essex University and Ryan Bourne of the Cato Institute go head to head on whether society should tolerate the existence of billionaires. The debate was chaired by Economics Editor at BBC Newsnight, Ben Chu.
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