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Furthermore, CEO responsibility will not be scaled if their pay is capped. People keep citing the "CEOs earn X times more than they used to", but they convenien
by Aerroon 2y ago
Furthermore, CEO responsibility will not be scaled if their pay is capped. People keep citing the "CEOs earn X times more than they used to", but they conveniently leave out the this only applies to a tiny fraction of companies and that these companies have scaled up by a very large amount. Walmart has 2.1 million employees. No company 50 years ago had anywhere near that many employees. The comparisons don't really hold up, which is why they don't use metrics about all companies.
- RHSeeger 2y agoCEO work/responsibility doesn't really scale up with company size, though. Sure, they're "responsible" for more people; but it's really the people that work for them that are responsible, and the people that work for them. Scaling up the size of a company generally adds more layers; it doesn't add more work for any individual at a layer. Admittedly, that doesn't really hold true for the initial "small company to large company" growth, but that's not really what we're talking about; and _that_ hasn't really changed at all in a long time.
- chgs 2y agoIs the risk for a ceo of a billion dollar company 10 times that of a 100m dollar company? Or 10 times lesss than a 10b company? Are they personally accountable?