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> “Obviously, CEOs should be the highest-paid person in an enterprise, but then the question is exactly just how much higher than everyone else,” Josh Bivens, c
by lostlogin 3y ago
> “Obviously, CEOs should be the highest-paid person in an enterprise, but then the question is exactly just how much higher than everyone else,” Josh Bivens, chief economist at EPI, told NPR.
Are there any examples where this isn’t true?
I know someone who works as an engineer cleaning up nuclear waste. The workers who do the job he engineers are paid more than him. He is ok with that but did pass the comment that it’s an unusual situation.
- marricks 3y ago"Of course they should be paid more, cause they are." I think NPR does a lot of damage not questioning assumptions like this. Or, often times, putting them out there themselves.
- chadash 3y agoThe football coach is often the highest paid employee at the university. I wouldn’t be surprised if many rockstar doctors made more than some of their hospital CEOs.
- wincy 3y agoI’d imagine Linus Sebastian (of YouTube Linus Tech Tips fame) is taking home more money than the recently appointed CEO of the Linus Media Group. But that’s also a weird situation because he basically hired the CEO to free himself up to do the parts of the job he likes. He said someone offered to buy the company for $60M cash I think it was? Which is astounding.
- belltaco 3y agoHe and his wife own 100% the company so it might be better to hold on to the cash for tax purposes than pay themselves a lot because tax on payroll is pretty high compared to company's cash sitting in the bank. I think the offer he mentioned was $100M for LTT.
- lz400 3y agoIn banks and financial companies it's relatively common that some rock star trader or quant that has an exceptionally good year might make more than the CEO.