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I'd also be great if we collectively admitted that one person (no matter who they are) can determine the success of a large organization of people. Today, we c

I'd also be great if we collectively admitted that one person (no matter who they are) can determine the success of a large organization of people. Today, we compensate them like they are doing the lion's share of the work.

Invictus0 3y ago
Not seeing many successful CEO-less companies. When you start your democratic/committee-led company, please let us know.
- gorjusborg 3y ago
  I'll assume you are arguing in good faith, but I doubt it, considering your tone. I did not say anything about a leaderless company. I said that the current perceived value of C-suite contributor is way over-inflated. That culture can and should change.
  - Invictus0 3y ago
    Ok, let's look at how a bad CEO can affect a company. When Zuckerberg decided to pursue the Metaverse, he took Meta's market cap from $1.1T in September '21 to $244B in October '22. 1 year, $850 billion in value destroyed. So, it should be clear now that one person can have a lot of power over the business. How much should they be compensated when they wield that much power? I'm guessing you think it's less than $1M per year.
    - gorjusborg 3y ago
      I don't have a number in mind, my feeling is directional. I also don't think compensation is the only/best tool to prevent or punish bad decsion making. There have been cases where developer/dba have put companies out of business with a poor decisions. We don't pay them millions of dollars to 'get the best' we put processes in place to prevent issues like that. Otherwise, I'd suggest doing the same thing to the bad CEO that you'd do to other employees: fire them. That's why you have a board.
FredPret 3y ago
"Work" is not measured in hours or effort put in. If it were, it'd be absurd for CEO's to get paid as much as they do. Instead, "work" is measured exclusively by output. How much happier is the customer now that you've done your work? How much of that happiness translated into an actual transfer of resources from the customer to the company? Seen through this lens, it's obvious that a couple of smart decisions at the top can easily outweigh years of grunt work by thousands of employees. Now it's just a question of getting the best decision makers and leaders into the top positions so as to maximize overall value creation. But that's much, much easier said than done.

Invictus0 3y ago

Not seeing many successful CEO-less companies. When you start your democratic/committee-led company, please let us know.

gorjusborg 3y ago
I'll assume you are arguing in good faith, but I doubt it, considering your tone. I did not say anything about a leaderless company. I said that the current perceived value of C-suite contributor is way over-inflated. That culture can and should change.
- Invictus0 3y ago
  Ok, let's look at how a bad CEO can affect a company. When Zuckerberg decided to pursue the Metaverse, he took Meta's market cap from $1.1T in September '21 to $244B in October '22. 1 year, $850 billion in value destroyed. So, it should be clear now that one person can have a lot of power over the business. How much should they be compensated when they wield that much power? I'm guessing you think it's less than $1M per year.
  - gorjusborg 3y ago
    I don't have a number in mind, my feeling is directional. I also don't think compensation is the only/best tool to prevent or punish bad decsion making. There have been cases where developer/dba have put companies out of business with a poor decisions. We don't pay them millions of dollars to 'get the best' we put processes in place to prevent issues like that. Otherwise, I'd suggest doing the same thing to the bad CEO that you'd do to other employees: fire them. That's why you have a board.

FredPret 3y ago

"Work" is not measured in hours or effort put in. If it were, it'd be absurd for CEO's to get paid as much as they do. Instead, "work" is measured exclusively by output. How much happier is the customer now that you've done your work? How much of that happiness translated into an actual transfer of resources from the customer to the company? Seen through this lens, it's obvious that a couple of smart decisions at the top can easily outweigh years of grunt work by thousands of employees. Now it's just a question of getting the best decision makers and leaders into the top positions so as to maximize overall value creation. But that's much, much easier said than done.