Re:Mozilla Wants Young People to Consider ‘Ethical Issues’ B...
by Barrin92 on Wednesday January 22, 2020 @04:38PM
(#22122325)
you not only need to identify them but you also need to pay them market rates or something close if you want to retain them. Mozilla is a company with 500 million in revenue. If they pay their CEO 2 million bucks and that CEO has even a moderately positive impact, then that's a completely rational decision.
Re:Mozilla Wants Young People to Consider ‘Ethical Issues’ B...
by gpm on Wednesday January 22, 2020 @06:58PM
(#22123401)
No, you need to pay them competitive rates compared to their other job offers, not market rates for CEOs.
Most people on HN are speculating that many (not all!) engineers would be perfectly qualified for the job for instance. Market rates for this sort of person is a few hundred thousand. not a few million.
PS. I believe the relevant organization here is a non profit with 20M in revenue, not the company with 500M, but I could be wrong I don't care that much about the specific example.
- CEOs having a large impact - we agree here
- It is hard to replace the current CEO with a new one who will be, on average, equal (or better) than the existing one.
It's the second statement which I question. In a few rare cases (e.g. Elon Musk) there is good evidence to support it, but in the case of Mozilla I don't see it.
The research you cite goes both ways. If we can predict who will be a good CEO through an interview CEOs are easier to replace.