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This kind of logic doesn't help anyone - yes, CEO pay is insane but its that way because of how much risk they take ownership of and shoulder day in day out. I

This kind of logic doesn't help anyone - yes, CEO pay is insane but its that way because of how much risk they take ownership of and shoulder day in day out. If one line worker forgets to tie a wire-harness it's not like the entire company will end up in financial ruin... However, the CEO making serious mistakes can and has cost GM millions.

hinkley 3y ago
Do they take ownership though? That hasn't been that way in a while. Used to be the best warrior had skin in the game. We have them resources so when the lions came or the boars got into the crops, they were ready to kick some ass, even if the rest of us were undernourished due to a drought. Now they just "take full responsibility" where that just means they have to announce that something dumb happened on camera. Truly a gruesome fate. So brave.
jezzamon 3y ago
That's why the pay rates are different, but that doesn't explain why the pay rates should increase by different percentages
dymk 3y ago
A failed CEO of a large company almost never ends up bankrupt, and they almost always remain a multi-millionaire. What exactly is the risk they're taking on?
fallingfrog 3y ago
Yeah but these guys typically fail upwards such that they are immune to failure, and take almost no personal risk at all.
yunohn 3y ago
> CEO making serious mistakes can and has cost GM millions So despite GM paying the CEO millions, they couldn’t prevent him from making mistakes?
NicuCalcea 3y ago
CEOs make mistakes all the time and often face few consequences. We should all be lucky enough to have the chance to earn in a few months what we'd normally make in a lifetime. I'll gladly accept the extra risk that goes with that.
MisterBastahrd 3y ago
Are we supposed to pretend that most CEOs don't have an entire fleet of people at their disposal to ensure that they aren't making incredibly boneheaded decisions?
FireBeyond 3y ago
> because of how much risk they take ownership of and shoulder day in day out What? The CEO of any substantial company is going to have a golden parachute in their contract. Literally the opposite of putting everything on the line, just merely "Will only make X, not 10X, where X may well be more than median lifetime earnings, even if the company completely collapses."

hinkley 3y ago

Do they take ownership though? That hasn't been that way in a while. Used to be the best warrior had skin in the game. We have them resources so when the lions came or the boars got into the crops, they were ready to kick some ass, even if the rest of us were undernourished due to a drought. Now they just "take full responsibility" where that just means they have to announce that something dumb happened on camera. Truly a gruesome fate. So brave.

jezzamon 3y ago

That's why the pay rates are different, but that doesn't explain why the pay rates should increase by different percentages

dymk 3y ago

A failed CEO of a large company almost never ends up bankrupt, and they almost always remain a multi-millionaire. What exactly is the risk they're taking on?

fallingfrog 3y ago

Yeah but these guys typically fail upwards such that they are immune to failure, and take almost no personal risk at all.

yunohn 3y ago

> CEO making serious mistakes can and has cost GM millions So despite GM paying the CEO millions, they couldn’t prevent him from making mistakes?

NicuCalcea 3y ago

CEOs make mistakes all the time and often face few consequences. We should all be lucky enough to have the chance to earn in a few months what we'd normally make in a lifetime. I'll gladly accept the extra risk that goes with that.

MisterBastahrd 3y ago

Are we supposed to pretend that most CEOs don't have an entire fleet of people at their disposal to ensure that they aren't making incredibly boneheaded decisions?

FireBeyond 3y ago

> because of how much risk they take ownership of and shoulder day in day out What? The CEO of any substantial company is going to have a golden parachute in their contract. Literally the opposite of putting everything on the line, just merely "Will only make X, not 10X, where X may well be more than median lifetime earnings, even if the company completely collapses."