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There are different types of CEO’s: founders and non-founders. Founders make their money when their product gets used by millions of people. Is that worth 670x
by kaczordon 4y ago
There are different types of CEO’s: founders and non-founders. Founders make their money when their product gets used by millions of people. Is that worth 670x? Ultimately it’s worth whatever people will pay for it, so when you judge a founder you’re really judging the millions of people who parted with their money. I’d argue those millions of people are more “correct” than deciding an arbitrary number like 670x is too high.
The other type of CEO is one who joins after founding. Their compensation depends on providing tangible measurable growth for the company. Driving 5% additional revenue for a company like google is worth billions, so their pay is considerate with the value they provide. It’s been shown in research that a good CEO can make or break a company.
You say you deliver tons of value but you don’t explain why your pay is high as a technical worker. It’s high because the market is tight and there aren’t enough skilled technical workers. There’s plenty of other industries like biotech where they deliver significant value but don’t get paid as much as software. Same goes for CEO’s it’s an important position and there aren’t that many people that can do the job.