Comment on Microsoft CEO Nadella's compensation drops... to $48M — CEO to employee pay ratio hits 250 to 1
nodsocket@lemmy.world 8 months ago
The CEO is an employee.
If I make ten times the minimum wage, am I working ten times as hard as a minimum wage earner?
hydrashok@sh.itjust.works 8 months ago
Not harder, but it’s also a matter of knowledge. You couldn’t take any person off the street and have them be a successful CEO tomorrow. Same with other specialized roles, like medical roles, some IT areas, rocketry, etc.
That said, pay and benefits disparity is a real thing and I’d love to see it addressed. But what is reasonable to me may not be to others.
grue@lemmy.world 8 months ago
Are you sure? Has anyone ever tried? Maybe we should do an experiment!
lando55@lemmy.world 8 months ago
There was a documentary with this premise, only with commodities traders rather than CEOs.
The bottom line is yes, you can take someone off the street and have them trade places with a senior broker and thrive in that role; the only caveat being that the subjects of your experiment discover your plot and subsequently falsify orange crop yield projections causing you to lose your entire net worth investing in frozen orange juice concentrate futures.
fosforus@sopuli.xyz 8 months ago
It’s called founding a company. Plenty of people try it all the time.
calcopiritus@lemmy.world 8 months ago
Consider how stupid the average (median) person is. Then realize that half of them are stupider than that.
I don’t think you have to do the experiment, it won’t work.
RedditWanderer@lemmy.world 8 months ago
You’re assuming you need to be smart/educated to be a CEO.
I know a couple CEO’s who are just trust fund idiots and bet people off the street would do just as good.