5 ms·

> $650k a year is what, VP salary in some no-name hedge fund or private equity firm? Small business CEOs are making more than that. $650k is sub-exec managemen

• mrguyorama 3y ago
  >Europe has a different cultural range around employee compensation. I haven't been able to determine why that is the case. Primarily because they value a hundred different things way higher than "Make all the money in the world" on their list of priorities.
  • runako 3y ago
    That would make some kind of sense except they do in fact have very profitable companies in Europe. The question is more around why do employees of a company like Goldman Sachs earn less in Europe than they do in America for the same work. (Setting aside the European colonial history that could be summarized as "taking all the money from the world.")
    • p_j_w 3y ago
      >That would make some kind of sense except they do in fact have very profitable companies in Europe. What GP suggested they value doesn't preclude this. Not valuing making all the money in the world for yourself personally doesn't also mean you believe "eh, just run the company into the ground, it doesn't matter." >Setting aside the European colonial history that could be summarized as "taking all the money from the world." 1. Widespread cultural attitudes change all the time. 2. This was not driven by the populace as a whole, it was driven by the very wealthy.