4 ms·
Must be nice to be paid to do little.
by thrillgore 3y ago
Must be nice to be paid to do little.
- amir734jj 3y agoActually CEOs or VPs get something called golden parachute when they leave a company. That is usually a lot of money.
- Madmallard 3y agoThinking CEOs do little is rather naive. On average they work same number of hours but the amount of stress they’re under is much higher than average.
- sharemywin 3y agothan like a firefighter or a cop or a soldier? Most people aren't saying that CEOs don't deserve more pay than the average worker but the rich continuing to get richer hasn't ever really worked out for the rich in the long run. The bottom line is how much wealth/income inequality does a society want to accept. You have 2 paths ignore it and it will get more extreme or try to steer the ship towards a more equitable society. not a completely equitable society because that's impossible and people don't seem to work that well under that system, but there should be a goal in the middle somewhere.
- Madmallard 3y agoyou are arguing so many things i didnt bring up
- kevviiinn 3y agoNo, they're making a counterpoint to your comment about amount of time worked and stress levels. You can't just say "oh I don't like that argument, everything I didn't mention therefore has nothing to do with this" You should also be aware the number of hours worked has nothing to do with actual output or value
- Madmallard 3y agoNah, this just reads like raging redditor stuff actually. Honestly, go back to Reddit. I thought this was an entrepreneurial site? The people here are distinctly familiar with how insane the workload and stress levels are for starting and running successful companies. You know, the reality of it.
- kevviiinn 3y agoPeople can also be familiar with the insane work load of trying to support a family on three part time jobs as a single parent that don't provide insurance
- Madmallard 3y agoyea those jobs require negative competence compared to being a CEO
- kevviiinn 3y agoSo being a CEO requires someone to be 7000 times as competent? I highly doubt that Do you honestly think that someone working a minimum wage job doesn't deserve to be able to afford to live just by working one? Do you think that if someone isn't as competent as you would like them to be, they should just die? If you genuinely believe that, you should be ashamed of yourself Worker's pay needs to come up or CEO pay needs to go way down. Preferably both
- incahoots 3y agoAs opposed to whom? Which same hours are you suggesting they work? I'm a little confused by your comment here.
- Madmallard 3y agohttps://www.google.com/search?q=CEOs+average+hours+worked&rlz=1C1VDKB_enUS928US928&oq=CEOs+average+hours+worked&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIICAEQABgWGB4yCggCEAAYhgMYigUyCggDEAAYhgMYigUyCggEEAAYhgMYigXSAQgzNjA1ajBqN6gCALACAA&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=CEOs+average+hours+worked&rl...
- incahoots 3y agoI'm hoping you read the first result, which was AI generated. https://hbr.org/2018/07/how-ceos-manage-time https://hbr.org/2018/07/how-ceos-manage-time 62.5 hours a week average is what's being toted in this article.
- JustBreath 3y agoIt's not that they do little, it's just that they don't deserve this when the people under them effectively foot the bill in lack of pay raises.
- sharemywin 3y agowhy should a CEO get a bonus if they just fired people?
- avgDev 3y agoProbably because they could potentially be saving the company money. I will probably get downvoted for this but companies don't care about people. They might make it seem like they care but they don't. If a company decides they can perform same or better by improving efficiency and cutting 10% of jobs that is a huge WIN for the business. CEOs are not there to make friends and be kind. Their job is to plan for the future of the company, not Bob slinging code in the back.
- sharemywin 3y agobut didn't they steer the ship int he wrong direction in the first place? And if your the size of Amazon aren't you able to find things for them to do? Wouldn't more training help? I'm not talking about let someone go for cause.
- avgDev 3y agoRetraining takes time and money. People are not always easy to retrain. People will be unhappy about any pay cuts. Sometimes it is best to let them go. CEO often cannot predict exactly what the economy will do and what the clients will do. Their decisions can be based on data but it doesn't mean they can predict the future. To be frank, I am not saying this is right or wrong. This is reality of business.
- Kranar 3y agoCEOs should get a bonus because they fired people when it was necessary. Otherwise a CEO would make the easy choice and not fire anyone and you end up with a corporate culture like Japan, where people are rarely ever fired and there are hoards of people glued to a job doing unproductive work. Firing people is a way to avoid a company's workforce from stagnating. It lets unproductive people in one environment find a new environment where they can meaningfully contribute. One should never avoid firing someone, instead what's important is ensuring that when someone gets fired that they aren't left destitute or desperate and that there's a path available to them to find new gainful employment.
- bushbaba 3y agoMost the CEOs I’ve met work every day of the week and often till 8-11pm. It’s non stop work with little to no time for family. There’s a reason CEOs often have “broken” households and other health challenges.
- cableshaft 3y agoWhich for any CEO that's in a corporation (the only ones that would fall into the "top CEOs" list) their work is entirely public or private meetings, phone calls, golf outings, or lunches with clients. And they can decide when and how long to take a break, and what to delegate to which underling, because there's no one above them. Let's not pretend it's the same type of work here. I could probably work 8am to 11pm every day if that was all I was doing.
- klyrs 3y agoCounterpoint, quite a few CEOs hold that title at multiple companies. If the job was so hard and required so much work then they wouldn't be able to swing this.
- Timon3 3y agoMany people have to do the same or more just to survive, not because they freely choose to do so. How many single parents can spend almost no time with their family because they have multiple jobs? The CEO can always step down, the single parent has no choice.
- kevviiinn 3y agoBut won't you think about the poor CEO! They must cry themselves to sleep every night on their huge piles of cash
- incahoots 3y agoNot defending CEOs but I think a lot of folks misinterpret that CEOs are 'done' after an 8/10 hour shift, when in reality they're on the clock their entire lives. I would argue so are doctors but they don't get CEO pay, so there ya go.