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The reasons why executives of public companies make more money than before is because their compensation must be published. So when an executive goes to anothe
by fma 11y ago
The reasons why executives of public companies make more money than before is because their compensation must be published.
So when an executive goes to another job they say "Hey, so and so makes that much money and that's what CEO is worth. Pay me more than that".
And hence we are where we are today when executives get paid a lot, given golden parachutes, etc.
I would imagine the same would go for any position of salaries are opened up.
- sosuke 11y agoHow does this explain the government salaries? It seems they just get more cemented.
- fma 11y agoI guess the government is big enough to say take it or leave it. I actually worked for the DoD for a few years. Myself and others left for substantially more money. In government, often your salary increase is time based. Private it's merit based. Since i left 4 years ago I've increased 50%. Roughly 80k -> 120k. If I were still there, I would not surpass 100k even if I bust my ass. Just get tiny bonuses for a job well done. On the flip side I never worked more than 40 hours a week, got overtime if I did, great benefits. Real sick days (none of this, I'm sick so I'll work from home B.S.).