> 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'
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'