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Being a CEO is way way way way way way way harder than individual contributor technical jobs. The breadth of skill and degree of dedication required to do the j
by harryh 14y ago
Being a CEO is way way way way way way way harder than individual contributor technical jobs. The breadth of skill and degree of dedication required to do the job well is just insane.
- _delirium 14y agoThat may be, but there's actually little evidence that compensation relates to it. There are all sorts of studies attempting to link higher CEO pay with better performance, and the data is thin. There's also some evidence that firms with less diffuse ownership structures (i.e. owners more informed and in control) pay CEOs less, which at least weakly hints that high CEO pay isn't rationally chosen by owners who are paying attention. Now, even "less well paid" CEOs still get paid a lot, so that's not an argument for paying CEOs $100k. But it may be an argument to pay CEOs towards the lower end of the CEO payscale, rather than towards the higher end.
- pbz 14y agoSure... 2, 3, maybe 4 times harder, but not hundreds or thousands of times. The fact that we have such huge gaps is cultural, and a testament to how well they've been able to sell themselves. The gap hasn't always been this wide, and it's not the same in every country.
- dannyobrien 14y agoCite? I know CEOs, and I know factory workers. They wouldn't be able to do each other's jobs.
- zobzu 14y agoWell, I'd agree with that (in general at least) The thing is, being CEO is generally way less specialized (and thus easier). It almost entirely depends on having good employees rather than direct CEO decisions (even thus some are really bad most are OK). Sure there are exceptional CEOs but it's pretty damn rare. (rare meaning 1 every 100000 not 1 every 10)