3 ms·

> from the organisation's point of view, the expenditure is cheap But from any normal person's perspective, it's expensive. The difference is who is in contro

> from the organisation's point of view, the expenditure is cheap But from any normal person's perspective, it's expensive. The difference is who is in control and what are their priorities and influences. Since "the organization" is making the decisions - and, completely incidentally, "the CEO" is the head of "the organization" - it just so happens that "the organization" finds that "the CEO" should be paid lavishly. Rich people gonna prioritize rich people.

yupper32 4y ago
> But from any normal person's perspective, it's expensive. Why does it matter what that hypothetical "normal" person thinks? Does that "normal" person have insight into how much it costs to hire a competent executive?
- JohnFen 4y ago
  It matters because "normal" people are the ones paying those extravagant salaries in the end.
  - yupper32 4y ago
    Those normal people should know that $350k is a steal.
    - tomrod 4y ago
      Indeed.
      - akolbe 4y ago
        Only if you insist on hiring in the US – while at the same time talking all the time about how you want to fix the fact that you're underrepresented in many parts of the world, by asking some really expensive US staff to fix it ...
- 0xbadcafebee 4y ago
  The normal person knows that just having big paycheck does not make an executive more competent. We have all seen people with huge paychecks fail spectacularly.
  - themitigating 4y ago
    Are you saying there's no correlation between salary and performance?
    - fluoridation 4y ago
      There's no direct correlation, yes. If you took two executives (or really two people in any profession), one making 10x as much as the other, and swapped their positions, you would not see one position dropping to 10% performance and the other rising to 1000% performance. In all likelihood, they would both drop to 50-70% for a while and then stabilize to their original values. Individual persons are not orders of magnitude more productive on their own, they're just in environments that allow them to be more productive, for example by giving them control over more resources.

yupper32 4y ago

> But from any normal person's perspective, it's expensive. Why does it matter what that hypothetical "normal" person thinks? Does that "normal" person have insight into how much it costs to hire a competent executive?

JohnFen 4y ago
It matters because "normal" people are the ones paying those extravagant salaries in the end.
- yupper32 4y ago
  Those normal people should know that $350k is a steal.
  - tomrod 4y ago
    Indeed.
    - akolbe 4y ago
      Only if you insist on hiring in the US – while at the same time talking all the time about how you want to fix the fact that you're underrepresented in many parts of the world, by asking some really expensive US staff to fix it ...
0xbadcafebee 4y ago
The normal person knows that just having big paycheck does not make an executive more competent. We have all seen people with huge paychecks fail spectacularly.
- themitigating 4y ago
  Are you saying there's no correlation between salary and performance?
  - fluoridation 4y ago
    There's no direct correlation, yes. If you took two executives (or really two people in any profession), one making 10x as much as the other, and swapped their positions, you would not see one position dropping to 10% performance and the other rising to 1000% performance. In all likelihood, they would both drop to 50-70% for a while and then stabilize to their original values. Individual persons are not orders of magnitude more productive on their own, they're just in environments that allow them to be more productive, for example by giving them control over more resources.