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>force multiplier as a Lead I'm glad he mentions this because it's what most people don't understand about management and their paychecks. People who gripe ab

>force multiplier as a Lead I'm glad he mentions this because it's what most people don't understand about management and their paychecks. People who gripe about CEO pay don't understand that they're really paid based on their value to the company. Being the top, a good CEO's force multiplier is huge, even at mid-size companies. Same thing with the best athletes and actors. They're worth the money because they make everyone around them better and draw more external interest.

acdha 13y ago
> People who gripe about CEO pay don't understand that they're really paid based on their value to the company. Or they have a more sophisticated understanding of economics and know that the theory you're advancing is only one of the possible explanations and that it doesn't explain all of the behaviour seen in the market (i.e. the continued trend towards across-the-board increases irrespective of job performance). There's a ton of work looking at the degree to which the trend is partially explained by other factors like the interconnected nature of boards and the ability of senior executives to suggest comparisons which favorably support compensation increases.