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> When you have the responsibility of 1000's of people's livelihood, their paychecks rest on your hands - you don't think that's worth a heck of a lot more than
by ta092378 7y ago
> When you have the responsibility of 1000's of people's livelihood, their paychecks rest on your hands - you don't think that's worth a heck of a lot more than an average worker?
No, this is absurd. Their paychecks don't simply rest only in the hands of the executive, but in the hands of the worker as well. I'll concede it's a more valuable position, but not 1000x or 100x or even 10x worth the value of the avg. line worker.
Taking it further, frankly most of the executives I've worked with aren't responsible at all. They're generally sociopaths as well!
The Gervais Principle holds.
- _4ziu 7y agoIt's a shame more HN people don't understand this. You can be pro-business and still recognise the injustice of executive salary.
- kofejnik 7y agoyou're totally free to start a few companies and pay 'fair' salary to the execs you hire or, if an executive at some publicly-traded company is paid way over his/her value, it would mean that the company is inefficient; subsequently, you may want to invest in the competition, or short this company's stock to exploit this inefficiency in other words, put your money on the line to prove your argument