I have a question wrote:To Quote Songsmith: Does the CEO work harder than me? (In other words, do they deserve a thousand times the average salary at their company?)
The CEO might not work harder than you, but he definitely works smarter than you which is why he's the CEO. It's like the drummer complaining because the singer makes more money.
well, he should have been a singer then, instead of a drummer.
First, if you're in a band where the singer makes more money than everyone else, you're getting boned, which is precisely my point. That would assume the singer works harder than the drummer, or somehow deserves more money because singing is more difficult that drumming. In my band, everybody gets paid the same, because everybody has the same value. We know that a band without a drummer is, well it's just acoustic.
I think if a CEO feels he/she deserves 1000 times more than the average wage at his company, that person should work 1000 times harder. And if he works smarter than me, he needs to be 1000 times smarter, just to make it even. Since nobody can do that, nobody deserves that.
If the management at AIG actually did a good job, they might be each worth some fraction of their bonuses, but they kept grinning and taking their giant paychecks, while the company lost 170 billion dollars in a year.
Look at it like this: The president of the United States makes $400,000 a year. That's not a partisan thing, Bush made that, too. What does the CEO of ANY for-profit corporation do that is more important, higher-risk, or higher-priority than the duties of the president?--->JMS
