alt Hacker News> The point: executive pay at the largest companies has grown wildly disproportionate to the value any one executive adds, especially next to the people who generate the actual output.
Disagree with this statement.
Take Walmart (as a boring example):
- 'People who generate output' cost: likely c$70bn per year in USA
- CEO 'Executive' Compensation: $27.4m
CEO compensation is probably 0.03% of the workforce cost.
Arguably a good CEO will add more value than a 0.03% increase in 'people who generate the actual output'
Replies
miltonlost • today at 1:48 PM
That CEO is sure sticking a lot of shelves themself to provide value
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> Arguably
That's doing a lot of lifting.
I think you could make a 50/50 decision at the CEO level for most decisions, and merely by making a decision faster the org would have better profit outcomes.