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this post was submitted on 21 Oct 2023
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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?
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.
Are you sure? Has anyone ever tried? Maybe we should do an experiment!
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.
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.
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.
You seem very confident that you don't need to be smart to be a successful CEO. Then what do you need? Surely if anyone could be a successful CEO they would do so, 10x salary is the prize. There must be something you need to be a successful CEO.
Most of CEOing is about networking and wealth. It's a little club and we ain't in it, even if we wanted to, even if the prize is 10x salary.