The chief executive officers of Britain’s biggest companies saw an above-inflation pay boost last year but still earned less than before the pandemic, according to a report published Tuesday.
You’re right. My CEO deserves 118x my pay because I only work 8 hours a day, while they work 944 hours a day…
Yes, a CEO will likely have the most individual impact on a company, but that doesn’t mean what they’re doing is necessarily harder work than what someone on the shop floor is doing. They have more individual impact because they’re CEO; they’re not CEO because of their individual impact. Take that person from the shop floor and put them in the CEO position and they’ll then be the one with the most individual impact instead.
It’s a different set of skills, sure. But one of those skills is definitely “being good at persuading people who make the actual product / provide the actual service to work for far, far less money than the CEO who simply co-ordinates it all”.
You’re right. My CEO deserves 118x my pay because I only work 8 hours a day, while they work 944 hours a day…
Yes, a CEO will likely have the most individual impact on a company, but that doesn’t mean what they’re doing is necessarily harder work than what someone on the shop floor is doing. They have more individual impact because they’re CEO; they’re not CEO because of their individual impact. Take that person from the shop floor and put them in the CEO position and they’ll then be the one with the most individual impact instead.
It’s a different set of skills, sure. But one of those skills is definitely “being good at persuading people who make the actual product / provide the actual service to work for far, far less money than the CEO who simply co-ordinates it all”.