Exactly. The big question is how much of a pay cut. This gets especially touchy is how much when the competing compensation has outsize compensation tied to t

Exactly. The big question is how much of a pay cut. This gets especially touchy is how much when the competing compensation has outsize compensation tied to tangible performance. Two examples are endowment fund managers (the market price is multiple millions of dollars, and the difference of 1% of performance can be 50+ million a year compounding over time) and college football coaches (winning football programs are very profitable).