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> Does anyone really think that a CEO, whose pay is on average 271 times greater than that of his typical worker, works 271 times harder than his employees, wh
by mrep 9y ago
> Does anyone really think that a CEO, whose pay is on average 271 times greater than that of his typical worker, works 271 times harder than his employees, who might actually be doing strenuous physical labor?
I'm not against the general mindset the author is telling, but this garbage thought process needs to stop. This isn't about working harder, but smarter and you can easily provide 271 times more value through decisions that higher ups are tasked with than a bottom level individual contributor.
***Anecdotal***
The top level people at my company are making decisions daily that govern multi-million dollar investments which can be vastly beneficial or detrimental to our profitability. When working on investments that large in size, marginal improvements on decision making provide huge sums of value which somewhat justify the pay.
Now, are these people self made? That's more open to debate but every C*O and SVP has been with the company for at least 10 years and most VPs also have also been here for that long/have an amazing track record. You generally don't get 10+ years of promotions providing nothing.
- knightofmars 9y agoThere have been many studies surrounding CEOs.[1] A large portion of them keep showing that a bad CEO is worse than no CEO, an average CEO likely isn't actually doing anything, and a good CEO is probably just lucky. This topic has been researched and had the data poured over to the ends of the earth to find that "special CEO sauce". The reality? There is likely a tiny subset of all CEOs that are actually worth 271 times what the typical worker is making (Steve Jobs comes to mind). That subset of actual talented visionary CEOs is probably a ridiculously small number (eg 1% of CEOs in a global pool). The rest of the time it's just a good ol' boys club for the already rich. [1] an example https://hbr.org/2015/11/are-successful-ceos-just-lucky https://hbr.org/2015/11/are-successful-ceos-just-lucky