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> what are good arguments in favor of high pays for CEO The mine worker is never going to make decisions that generate billions of dollars of revenue. That's o
by brandonmenc 11y ago
> what are good arguments in favor of high pays for CEO
The mine worker is never going to make decisions that generate billions of dollars of revenue. That's one argument.
Another is that the pool of potential CEOs is small.
- danbruc 11y agoThe CEO can make decisions all day long, without miners they will not lead to a single Dollar of revenue. Not sure about the rarity of possible CEOs, it seems at least not absolutely obvious that there are many less possible mining company CEOs than possible miners (normalized by the number required).
- brandonmenc 11y ago> The CEO can make decisions all day long, without miners they will not lead to a single Dollar of revenue. Yeah, and the miners can do their job in an unprofitable way until the CEO tells them to do it differently. It's a two-way street. This idea that the executives are dependent on the workers but not vice versa doesn't reflect reality.
- danbruc 11y agoI didn't want to imply that the dependency is only one way, just wanted to respond to CEOs having exceptional powers. But this two dependency seems even more support that the difference in pay are not easily justified.