I was planning to donate the couple bucks I had left over from the year to the charity called “San Diego Zoo Wildlife Alliance”, I was doing a background check on CharityNavigator and they gave the charity full ratings so it seemed good.
Then I stumbled upon the salary section. What the fuck? I earn <20k a year and was planning to contribute to someone’s million dollar salary? WHAT.
Talent and experience isn’t that rare. Nor does executive compensation correlate with performance.
Whether it does or not is irrelevant; what matters is the perception among executives that it does.
I think we’ve been shown there is a solution to that perception.
I know a few things which ought to matter a whole lot more to executives.
But Elon said CEOs are the most important people because they create the value.
The pay correlates directly to how hard you are to replace.
Again, no. In most businesses the hard to replace workers are not promoted because they can’t be replaced. The ones that can be replaced are the ones who are promoted to management.