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It’s easier to be a board member than a CEO. Shouldn't this be obvious? A board member sleeps, has no or little personal skin in the game and is hedged across
by contingencies 7y ago
It’s easier to be a board member than a CEO.
Shouldn't this be obvious?
A board member sleeps, has no or little personal skin in the game and is hedged across multiple ventures.
The CEO rarely sleeps (or has more responsibilities than time permits addressed), is "all in" and rarely substantially hedged, especially in early-stage startups.
- sombremesa 7y agoWho doesn't have "more responsibilities than time permits addressed"? There's a reason most of us don't call our moms so often.
- czbond 7y agoBeing a CEO of a company, is in no way comparable to any other position within that same company. There are orders of magnitudes different. There is a reason (rightfully so) that a CEO is paid much more than anyone else*. Like a doctor, who is responsible for lives - a CEO is responsible for 100's, 1000's of financial livelihoods... edit: of any company over say 30 in size.
- yial 7y agoI mostly agree with this - however it's important to remember that in smaller organizations.... Board members may still be incredibly involved and active. I know of a small (30 million a year) organization where board members input 20-40 hours a week. Not nearly as much as a CEO...but still much more then in other orgs.