CEOs are hugely expensive – why not automate them?

Re:CEOs are hugely expensive – why not automate them? by PragmaticPulp on Monday April 26, 2021 @11:34AM (#26943655)

> I've seen multiple startups struggle because their CEO makes more than 10 qualified technical staff,

The fully loaded cost of a qualified developer begins in the six figures. A CEO earning 10x that would be earning 7 figures.

I've never seen an actual startup with a CEO earning 7 figure cash compensation. I don't think any reasonable investors or even board members would allow that.

Startup CEOs are largely compensated in equity, with their cash compensation being significant ($100-200K if company has revenue) but not overwhelming. They're often not the highest paid person in the company in terms of cash + bonus.

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Re:CEOs are hugely expensive – why not automate them? by indymike on Monday April 26, 2021 @01:15PM (#26945115)

This is a startup that is in fail mode, unless the CEO is raising obscene amounts of money and the business is progressing.

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Re:CEOs are hugely expensive – why not automate them? by klyrs on Monday April 26, 2021 @02:00PM (#26945714)

Yeah, you're right, I guess I've only seen ~5x at proper startups, but when you multiply that by the number of executives, it's still an egregious impediment to the product

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Re:CEOs are hugely expensive – why not automate them? by ska on Monday April 26, 2021 @02:34PM (#26946190)

Event that is pretty rare in startups IME. Typically it might be 2x-3x a (truly) sr. dev, but CEO's in "proper" startups tend to be equity heavy and salary light, like other employees. Equity difference will be a much higher multiple than salary.

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Re:CEOs are hugely expensive – why not automate them? by skapadia on Monday April 26, 2021 @11:46AM (#26943818)

This.

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