The elevation of CSuite as magical makers of wealth, when most of that value is created by the organization, needs to stop. Good leadership is important, but CEO comp is completely atrocious and unsustainable. Especially if the alternative is to lay off a ton of employees just to maintain operations.
We can see it right here how it’s killing a value generation vehicle. The CEO won’t accept a pay cut, but is willing to shut down entire product lines. A similar story has played out across America.
The market rate for CE* jobs is set by ... other people who have CE* jobs.
Re:Thank You MDN
by spanhandler on Thursday August 13, 2020 @03:52PM
(#24147769)
I have a suspicion the supply side of this market equation is artificially constrained by people who have an interest (social and financial) in keeping it so, and that is part of why we've seen CEO pay go up so much in the last few decades.
There are plenty of people who could do well in the CEO job at most companies—no worse than the average we're getting now, anyway. There are far fewer "CEO types".
It's. Just. A. Job.
I suspect this is yet another manifestation of the crippling, organizationally-irrational-but-individually-rational levels of risk avoidance we're operating under now.