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I took one glance at the chart and decided the results were impossible because of that. Apparently "top executive" median pay is $105,350 per year: https://www
by nitwit005 7mo ago
I took one glance at the chart and decided the results were impossible because of that.
Apparently "top executive" median pay is $105,350 per year: https://www.bls.gov/ooh/management/top-executives.htm https://www.bls.gov/ooh/management/top-executives.htm
- SpicyLemonZest 7mo agoSounds plausible? Even a company with 100 employees and few growth prospects is likely to have a couple of executives, and most companies are small.
- andrewmutz 7mo agoIf you own a painting company with three employees you are a CEO and fall in the top executives category. You may or may not make 100k a year.
- next_xibalba 7mo agoRemember that exec tech salaries are extreme outliers. I worked for an exec in manufacturing. He had full p&l responsibility for a business segment with ~150 employees, $27 million in revenue at 40% gross margins, and a production plant. His total comp was ~$300k. Now just think of the comp levels in sectors like government, education, etc.
- Aurornis 7mo ago> Remember that exec tech salaries are extreme outliers. It's the combination of tech and big or fast growing companies. People who operate in FAANG or Silicon Valley bubbles (or who spend too much time on Blind) can lose track of what salaries look like in the rest of the world. I often share Buffer's open salary page because their compensation is actually pretty normal from all of the data I've seen and hiring I've done: https://buffer.com/salaries https://buffer.com/salaries Every time it gets posted there are comments from people aghast that the software engineers "only" make $200K and in disbelief that the CEO's salary is "only" $300K.
- nitwit005 7mo agoThe number of people in the category is simply impossible for any normal person's definition of "top executive". If you click the link it mentions "general and operations managers". They're tossing a lot of different roles into the category.
- zeckalpha 7mo agoThis is also base pay
- tehaugmenter 7mo agoCongress people are making about $176k, it's crazy to think top execs "median" make less than a congressman.
- sporkland 7mo agoDon't a lot of CEO's famously pay themselves $1 and make their wealth on equity appreciation / capital gains?