The CEO (and upper management in general) pay scale is total BS when viewed through normal compensation lenses, unlike normal people who are paid for their time, upper management is usually compensated on performance -but- they are compensated on the performance of their company (or division) and they get all the pie. Since nobody else's pay is scaling with performance (outside of bonuses which in my experience usually don't exceed 5% annual salary) their salaries end up inappropriate scaled into the stratosphere because the company's performance justifies increasing compensation to employees to retain them and sustain that performance. In actuality employee retention is bottoming out in the modern era (compare it to the 60s) and people are the top make f-u money that is so out of step with the people doing work at a company that it isn't even comparable.
Wealth and earnings inequality is a serious issue in this modern world and it's ridiculous, some people are more efficient than other people, nobody is 100x more efficient than anyone else. Take an arbitrary dude off the street and give them the experience of a CEO and I bet you that substituting him in would at most lose the company 40% of growth/whatever.
Wealth and earnings inequality is a serious issue in this modern world and it's ridiculous, some people are more efficient than other people, nobody is 100x more efficient than anyone else. Take an arbitrary dude off the street and give them the experience of a CEO and I bet you that substituting him in would at most lose the company 40% of growth/whatever.