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Oh come on, a level 1 argument about CEO salary? They don't work 100x as hard? Aren't we collectively past that gut feeling argument on HN? You don't have to w
by vehementi 10y ago
Oh come on, a level 1 argument about CEO salary? They don't work 100x as hard? Aren't we collectively past that gut feeling argument on HN?
You don't have to work smarter or harder than everyone else - you're in the driver seat and make the call about strategy which will make or lose the company big %'s of its revenue which has huge value.
- mpdehaan2 10y agoWhy should we be past it? Because new employees are generally ok with this perception, we do not IMPROVE the perception, and we allow things to continue. I've seen quite a few CEOs of companies I've worked at where most of the employees could make a lot better decisions. You probably have as well. These "people in the drivers seat" are often not very good drivers. Some are. Most are terrible, and while the company (the collective of all the people working there) may be making "huge value", it is by no means certain that it could not be making 100x more - and sharing it better with the people underneath. CEOs are just humans, like you, who happen to be leading something. They do not have magic brainpower skills.
- vehementi 10y agoWe should be past it because it's incomplete and wrong. So fire the bad CEOs. I did not imply that all CEOs are all good drivers, and it doesn't matter if some are. They are in the position to make decisions that change the course of the company, whereas an individual engineer or sales person isn't doing that, and doesn't have that responsibility. Magic brain power skills are not required so I am not sure why you are bringing that up.
- dvtv75 10y agoWell, since the research explicitly says that the abilities of the CEO are more-or-less inconsequential, I think you've rather missed the point.