3 ms·

You're comparing two things which are the same. A 20% jump in efficiency per worker is precisely what CEO's are there to create.

• rayiner 14y ago
  You're missing a level of indirection. Say you have a median CEO and median line workers. If you got a CEO 20% better than the median, would he be able to motivate the line workers to be 20% more efficient? Highly unlikely. I think you need a 10x median CEO to see something as huge as a 20% jump in the efficiency of line workers.
  • eru 14y ago
    I agree that we can talk about the median CEO, because that just requires ordering. But how would you talk about a 10x CEO? That needs multiplication on CEOs, which is much harder to define in a way that makes sense.
    • deleted 14y ago
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• marekmroz 14y ago
  ...oftentimes by applying the "beatings will continue until morale improves" philosophy of firing teams, cutting departments, slashing r&d and expecting unpaid overtime. There, efficiency *= 1.20.
  • eru 14y ago
    If that works in the long run, it's great for the shareholders.
  • marekmroz 14y ago
    >If that works in the long run, it's great for the shareholders. My point is that it does not work in the long run, but shareholders are sometimes interested in the short-term gains (as in improve efficiency by 20%, flip the company, not my problem)