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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Microsoft CEO Nadella's compensation drops... to $48M โ€” CEO to employee pay ratio hits 250 to 1::Try to hold back your tears as CEO to employee pay ratio hits: 250 to 1

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[-] Lettuceeatlettuce@lemmy.ml 5 points 1 year ago

They actually do get paid what they do largely because they are lucky; lucky to have the privileges that allow them to get a high-end education, get into fancy business schools, make connections, have layers of safety nets for all the times their ideas fail, and then finally get lucky with their company, right place and time for it to take off and become extremely profitable, etc.

It's a lot more scarce a skill because it's manufactured to be that way. Imagine how many people would be able to test out their ideas in the market if they had rich parents and friends that propped them up for years until they finally succeeded.

Or are you a subscriber to the Ayn Randian, "Great Man" theory? Which is bogus BTW.

"The developers just did the work on the ground..." yeah...as in making the CEO's vision a reality, the only action that directly results in material creation.

You're arguing all this against a strawman anyways. Nobody is saying that having vision, ideation, and compelling leadership aren't valuable skills worth compensating well for. People object to the idea that those skills are hundreds and hundreds of times more valuable than any other skills that literally make those ideas reality and allow that monetary value to be captured. Nobody ever became a billionaire by sitting on a bench all day, dreaming incredible ideas into existence.

this post was submitted on 21 Oct 2023
334 points (96.6% liked)

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