4 ms·

Nothing major that another person could do for less than half the cost

alain94040 15y ago
I agree with you 99% of the time. Here's the one time I don't: http://blog.foundrs.com/2011/08/27/no-ceo-is-worth-their-multi-million-dollar-paycheck-except/ http://blog.foundrs.com/2011/08/27/no-ceo-is-worth-their-mul... I'd gladly reward a CEO if he/she can outperform their competitors.
tsotha 15y ago
Meh. Everything you don't understand looks easy.
- michaelochurch 15y ago
  Well, here's the situation regarding executive jobs in general. In small companies, they're hard as hell and don't pay very well, especially when one considers the career risk. If you're CEO of a startup and it fails, you're going to have a hard time getting someone to fund you again. In large companies, they're easy and pay very well. So there's a bizarre discrepancy (an inverse relationship, in fact) between difficulty of the job and compensation. In a small company, the CEO job is so hard that only 1 person in 20 (if that) has the ability to do it. Getting the CEO right is crucial. In a large company whose founders have already left, you're talking about smooth-running machines and who gets the top jobs generally comes down to social climbing more than anything else.
  - tsotha 15y ago
    In large companies, they're easy and pay very well. I'm not sure why you think you're in the position to make a statement like that. CEOs of large companies work almost every waking moment, not something I think correlates well with an easy job. I used to play a lot of poker at relatively high stakes. What I found was the people who didn't play at this level were the ones who were the most confident in their analysis of the game. How could that guy fold in that situation? Ah, if only they could scrape up enough money to play they'd show us how it's done. So they would borrow money from friends or grind the lower stakes games until they had a big enough bankroll to take a shot at the big game. And then we'd take their money. Because their confidence was based on the fact that they didn't even know what they didn't know.

I agree with you 99% of the time. Here's the one time I don't: http://blog.foundrs.com/2011/08/27/no-ceo-is-worth-their-multi-million-dollar-paycheck-except/ http://blog.foundrs.com/2011/08/27/no-ceo-is-worth-their-mul... I'd gladly reward a CEO if he/she can outperform their competitors.

tsotha 15y ago

Meh. Everything you don't understand looks easy.

michaelochurch 15y ago
Well, here's the situation regarding executive jobs in general. In small companies, they're hard as hell and don't pay very well, especially when one considers the career risk. If you're CEO of a startup and it fails, you're going to have a hard time getting someone to fund you again. In large companies, they're easy and pay very well. So there's a bizarre discrepancy (an inverse relationship, in fact) between difficulty of the job and compensation. In a small company, the CEO job is so hard that only 1 person in 20 (if that) has the ability to do it. Getting the CEO right is crucial. In a large company whose founders have already left, you're talking about smooth-running machines and who gets the top jobs generally comes down to social climbing more than anything else.
- tsotha 15y ago
  In large companies, they're easy and pay very well. I'm not sure why you think you're in the position to make a statement like that. CEOs of large companies work almost every waking moment, not something I think correlates well with an easy job. I used to play a lot of poker at relatively high stakes. What I found was the people who didn't play at this level were the ones who were the most confident in their analysis of the game. How could that guy fold in that situation? Ah, if only they could scrape up enough money to play they'd show us how it's done. So they would borrow money from friends or grind the lower stakes games until they had a big enough bankroll to take a shot at the big game. And then we'd take their money. Because their confidence was based on the fact that they didn't even know what they didn't know.