4 ms·

> That's the price of a CEO Can you explain why? What does this CEO do that is worth this much money? At the very least a CEO shouldn't be earning millions whe

by dom96 6y ago

> That's the price of a CEO Can you explain why? What does this CEO do that is worth this much money? At the very least a CEO shouldn't be earning millions when the company is slowly dying. Have a sane base salary and give the CEO bonuses tied to the performance of the company if you must, anything else is plain ridiculous.

EdwinLarkin 6y ago
Why is your 100-150k salary not ridiculous? You could be earning fraction of that in Poland. You of all people should understand this. A salary of 2M is not even 1% when it comes to the labor costs of the people they fired. Maybe they dont need the CEO in the first place but that's an entirely different discussion.
- dom96 6y ago
  A salary of 2M could cover the salary of 5% of the employees that have been fired (assuming a 150k salary). I bet you their impact will be much bigger than a single CEOs. I know of no country/city where someone needs 2M to live comfortably, but I haven't even called it ridiculous. What I called ridiculous is that seemingly this CEO does not have their salary tied to the performance of this company.
  - EdwinLarkin 6y ago
    Usually the bonus is tied to the performance of the company. Also 150k salary != labor costs. Anyway I find your analogy ridiculous. Lets just not hire CEOs or upper management at all. It will work for some and fail for some others but it does not prove your point.
    - dom96 6y ago
      > Lets just not hire CEOs or upper management at all. Now that's ridiculous, it feels like you're misunderstanding me completely. I never suggested that CEOs or upper management shouldn't exist. I just think that in some cases they do not deserve the massive salary they are getting, millions per year is a crazy amount of money to earn anywhere, how can you possibly argue that it's not?
      - EdwinLarkin 6y ago
        How can you argue that your salary is not crazy amount of money?

by dom96 6y ago

EdwinLarkin 6y ago

Why is your 100-150k salary not ridiculous? You could be earning fraction of that in Poland. You of all people should understand this. A salary of 2M is not even 1% when it comes to the labor costs of the people they fired. Maybe they dont need the CEO in the first place but that's an entirely different discussion.

dom96 6y ago
A salary of 2M could cover the salary of 5% of the employees that have been fired (assuming a 150k salary). I bet you their impact will be much bigger than a single CEOs. I know of no country/city where someone needs 2M to live comfortably, but I haven't even called it ridiculous. What I called ridiculous is that seemingly this CEO does not have their salary tied to the performance of this company.
- EdwinLarkin 6y ago
  Usually the bonus is tied to the performance of the company. Also 150k salary != labor costs. Anyway I find your analogy ridiculous. Lets just not hire CEOs or upper management at all. It will work for some and fail for some others but it does not prove your point.
  - dom96 6y ago
    > Lets just not hire CEOs or upper management at all. Now that's ridiculous, it feels like you're misunderstanding me completely. I never suggested that CEOs or upper management shouldn't exist. I just think that in some cases they do not deserve the massive salary they are getting, millions per year is a crazy amount of money to earn anywhere, how can you possibly argue that it's not?
    - EdwinLarkin 6y ago
      How can you argue that your salary is not crazy amount of money?