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You'd think that there are even qualified people who would do it for (almost) free, just for the chance of building a resume...
by makx 5y ago
You'd think that there are even qualified people who would do it for (almost) free, just for the chance of building a resume...
- GekkePrutser 5y agoAlmost everyone in business has an MBA so that qualification is pretty easy to get. The passion they need is a lot harder.
- jonassalen 5y agoAs a professional that gets offers like this ("it will be good for your portfolio") I hate this comment. If you pay peanuts, you get monkeys.
- selfhoster11 5y agoThat's because you're looking at this with your "professional" hat on. If your look at this with your "philanthropist" hat on, the optics are suddenly very different.
- sirwhinesalot 5y agoApparently you get monkeys if you pay millions too...
- mitchdoogle 5y agoWell it's the market rate, right?
- WJW 5y agoThere's a weird type of logic going on where almost everyone who would be willing to do it for almost free is probably not qualified for the job. Would you really stake the future of your foundation on someone who still needs to build their resume?
- 2muchcoffeeman 5y agoJapanese CEO salaries are famously very low. The Toyota CEO makes about USD 3.5m. There are other C levels that make 3 times what the Toyota CEO earns in direct compensation. Japanese CEO salaries in general seem to be below USD1m on average.
- aeze 5y agoThose numbers seem so much saner than the US.
- mcv 5y agoStill insane, though. Nobody needs that kind of pay. This is not supply and demand, this is the executive class enriching themselves.
- tornato7 5y agoI disagree, if you're a company raking in $270B a year in revenue, you want the absolute best running it. The Toyota CEO is like 0.001% of the revenue, an extremely small price to pay for the right management.
- krageon 5y ago> Japanese CEO salaries are famously very low. The Toyota CEO makes about USD 3.5m I'm genuinely curious: Do you not see how insane it is that you believe this is low? Earning even a tenth of that would be stratospherically high.
- 2muchcoffeeman 5y agoIt’s all relative. Compared to their western counterparts, these numbers are low.
- GekkePrutser 5y agoToyota is a huge company though. It's nothing like Mozilla. I would imagine there's a lot of responsibility riding on it. And I'd imagine that in Japanese culture badly performing CEOs actually face consequences.