>This is what the job is worth, if you want someone competent and responsible for thousands of employees and billions in revenue. Nobody is doing that for $1m/year when one wrong decision could end up costing 1000x more than their salary
I'll do it.
It's not like that one wrong decision ends up affecting them. Even if they get fired (which they often don't), they can exercise golden parachutes that will pay out many multiples of how much an average earner gets in a lifetime.
It's a job that gets paid a lot of money because the people who do it come from a fairly tight knit community that looks out for each other, not because of merit (CEO pay actually correlates slightly negatively with performance). Being an alumnus of McKinsey is actually one of the ways to enter that community.
I'll do it.
It's not like that one wrong decision ends up affecting them. Even if they get fired (which they often don't), they can exercise golden parachutes that will pay out many multiples of how much an average earner gets in a lifetime.
It's a job that gets paid a lot of money because the people who do it come from a fairly tight knit community that looks out for each other, not because of merit (CEO pay actually correlates slightly negatively with performance). Being an alumnus of McKinsey is actually one of the ways to enter that community.