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Right, lots of wins are good, but why does the coach need to get paid $100M? Why is $1M not good enough? Let me guess: because being a coach is so hard, and
by jordanpg 5y ago
Right, lots of wins are good, but why does the coach need to get paid $100M? Why is $1M not good enough?
Let me guess: because being a coach is so hard, and requires so incredibly much smarts and talent that only a precious few people have?
- JohnPrine 5y agoIf this is true, why don't companies just higher people who are willing to be CEO for less money?
- thehappypm 5y agoWhy don’t companies hire software engineers who are willing to write code for less money? People tend to want to be paid market value
- _dps 5y agoMany people with the skills to be CEOs of important companies would consider $1M a rounding error. It makes no difference to their economic outlook. Also, there are many ways to make $1M without the risk and responsibility of being a CEO (among other things, just making low-risk investments with a $20M portfolio). So between the comparative ease of making $1M elsewhere, and the low impact of $1M (to someone with tens of millions in the bank), it's not surprising why such people cannot be had for that price.
- jordanpg 5y agoAre you saying that, as a result of being so incredibly talented, by definition, executives are already rich and therefore have to be paid more to keep them around for their valuable services and wisdom?
- _dps 5y agoI take no position on talent or wisdom, but yes the kinds of people capable of being F500 CEOs are mostly already in this category of richness.