CEO Pay Debate
This cluster debates the justification of high CEO salaries compared to employee pay, questioning if CEOs provide value proportional to their compensation packages and often contrasting them with engineers or average workers.
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There have been several CEOS who historically have paid themselves 1usd or very low salaries. They end up making up the difference in other parts of their comp packages. I suppose this boss is also the main shareholder so he benefits from productivity increase.
Doesn't seem to work for CEO pay :-)
I do wonder what makes author think that CEOs job isnt worth 10s of milions
cool, will it do anything about CEOs which earn 100x what a common employee earns, despite not outputting 100x?
Maybe he just understand the concept of "enough", something many CEOs fail to grasp. $90/k is a decent salary, at least in US. What if he simply believes in his company and wants to put more money in developing it, rather than let it stockpile in some Swiss account? Does that decrease his "worth" as a leader? I don't think so.
you are right, only CEO's should be able to command those kinds of dollars
"some other engineer will pick it", and CEOs are paid hundreds millions because "nobody can else could do their job"!
By the same argument shouldn’t CEO pay be reduced?
This article is a good answer to "how can CEOs be worth all that money they get paid?"
If the CEO is getting paid 100x an average employee, at least one of them is clearly not being paid according to their value to the company.