"I don't believe that most such employees see their work as "slavery" when they have to work excessive hours. I think they see it as career development"
That made me laugh.
"Top executives" typically have compensation packages that, to some degree, directly tie their compensation to the overall company performance. Thus, the harder they work, the more likely it is that the company will perform to or above expectations, and thus the more likely it is that their stock or option package compensate them for the "excessive hours". These "top executives" are also incentivised, by their compensation structure, to obtain as much value as possible out of fixed-cost resources.
But, as an average employee, without generous option packages, you start to rationalise the 8th week of working 80 hours as "career development", because the alternative is to confront the fact that you are helpless and beholden and powerless to refuse to work the extra hours without risking your health insurance, or your job.
That made me laugh.
"Top executives" typically have compensation packages that, to some degree, directly tie their compensation to the overall company performance. Thus, the harder they work, the more likely it is that the company will perform to or above expectations, and thus the more likely it is that their stock or option package compensate them for the "excessive hours". These "top executives" are also incentivised, by their compensation structure, to obtain as much value as possible out of fixed-cost resources.
But, as an average employee, without generous option packages, you start to rationalise the 8th week of working 80 hours as "career development", because the alternative is to confront the fact that you are helpless and beholden and powerless to refuse to work the extra hours without risking your health insurance, or your job.