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Why doesn't this logic work for all the staff? You need staff for your VC-backed startup as well, don't you? This explanation doesn't seem to explain why the C
by lordnacho 2y ago
Why doesn't this logic work for all the staff? You need staff for your VC-backed startup as well, don't you?
This explanation doesn't seem to explain why the CEO/staff comp ratio goes up. It just seems to say that comp should go up. If CEOs and staff both got their pay doubled by moving to one of these startups, the ratio would just stay the same.
- ajross 2y agoBecause good candidates for normal staff positions are not independently wealthy. Good candidates for executive positions tend strongly to be, having proven their value by bringing up some other startup. Hiring away someone with a net worth of $100M with a salary that is merely 10x or whatever of your employee compensation doesn't work. You need to cut a bigger check.
- deleted 2y ago[deleted]