4 ms·
Everybody is up in arms about this, but it makes sense. The difference between hiring the best CEO and the next best CEO might only be 0.5% growth but on a scal
by tomjen3 5y ago
Everybody is up in arms about this, but it makes sense. The difference between hiring the best CEO and the next best CEO might only be 0.5% growth but on a scale of billions that is still a lot of money. More importantly, the cost of hiring a bad CEO is that you can lose it all.
This means that CEOs with proven experience can drive up the price of CEOs drastically.
Meanwhile if you hire 1000 people to work in your stores you are going to get an average and getting a little better than average is what you can hope for, so individual workers cannot press the price up.