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Posted on 6/4/24 at 7:21 pm to GrammarKnotsi
quote:
The avg fortune 500 has 60,000 employees. we are mid 200s and have 15k employees...
some of those top ones have more than the last few hundred combined
Yep you are right. But $16.3 mil a year as the avg is also extremely low for many of them. There’s CEO’s getting comp packages with stock that may equal closer to a cool Bil over their lifetime.
It’s always interesting people pick at CEO’s about compensation but don’t like at the initial founding partners, staff, and family.
There’s Walmart, Rockefeller, DuPont, etc. family worth a multi billion that never worked a day for the companies in their life. I’m wholly against death taxes and have no issues with passing on wealth, but it’s a waste of time to discuss how a 3rd party pays their employees for a generally profitable business.
This post was edited on 6/4/24 at 7:22 pm
Posted on 6/4/24 at 7:33 pm to meansonny
quote:
Is there a difference between success rates in 5 star high school athletes and 3 star athletes?
Not the same thing.
quote:
Do you think headhunters can differentiate candidates?
No.
quote:
Do you think there are deviations of success?
I think the deviations in success are multiple fold.
Number one they define success differently to fit a narrative to keep their job. IE Amazon taking a decade to turn a profit.
Number 2 many of the majors are too big to fail. Take for instance Exxon. They have so many divisions and managers that the CEO just needs to be the one to listen and say OK. Many of those people would be just as good in that role. They just don’t have the timing to be in it.
A true visionary like Steve Jobs getting paid like that is one thing. Most of the other Fortune 500 there’s a minimum 4/5 that would be adequate. The bigger the corporation the more people that could do the job. Smaller places and institutions that’s not necessarily the case but ironically they aren’t paid as much.
Posted on 6/4/24 at 7:35 pm to Adam Banks
That's like your opinion, man.
You haven't provided anything to back it up.
We can agree to disagree about ranking candidates. And agree to disagree about statistical deviations of success for scientific approaches to hiring/recruiting/drafting.
You haven't provided anything to back it up.
We can agree to disagree about ranking candidates. And agree to disagree about statistical deviations of success for scientific approaches to hiring/recruiting/drafting.
Posted on 6/4/24 at 7:37 pm to meansonny
quote:
And agree to disagree about statistical deviations of success for scientific approaches to hiring/recruiting/drafting.
So now we trust the science on the OT?
Or just this science not that other science?
Posted on 6/4/24 at 7:37 pm to meansonny
quote:
You haven't provided anything to back it up.
You have provided nothing to prove that the pool of the candidates is infinitely small
This post was edited on 6/4/24 at 7:39 pm
Posted on 6/4/24 at 7:51 pm to meansonny
quote:
He can be appreciated.
And should.
This is usually the canned response.
We appreciate you. Here's a Christmas ham. Sorry, the numbers weren't as good as we predicted, so the executive Christmas party is going to have to be in Miami and not in Geneva. We're all making sacrifices.
Posted on 6/4/24 at 8:00 pm to upgrayedd
quote:
so the executive Christmas party is going to have to be in Miami and not in Geneva. We're all making sacrifices.
“Leadership retreat”
Posted on 6/4/24 at 8:09 pm to Cycledude
It’s almost like Covid 19 was planned to put small businesses out of business in favor of larger businesses. The government was literally picking winners and losers.
Posted on 6/4/24 at 8:15 pm to Adam Banks
quote:
“Leadership retreat”
Oh, that's right. Forgive me. I forgot we had to make this tax a deduction.
This post was edited on 6/4/24 at 8:18 pm
Posted on 6/4/24 at 8:18 pm to upgrayedd
You are so mad you have a boss.
Posted on 6/4/24 at 8:19 pm to TDTOM
quote:
You are so mad you have a boss.
Nah, I actually like my boss.
Posted on 6/4/24 at 8:23 pm to upgrayedd
Here’s the thing. I believe a good ceo can make a difference and that is more pronounced at the smaller level.
With that said I saw on the news ceo pay increased over double digits whereas average worker pay increased around 7% which would be less that inflation.
So the CEOs can keep up with inflation but the little guy can’t.
Anyone who can’t see that this is a recipe for disaster is kidding themselves.
With that said I saw on the news ceo pay increased over double digits whereas average worker pay increased around 7% which would be less that inflation.
So the CEOs can keep up with inflation but the little guy can’t.
Anyone who can’t see that this is a recipe for disaster is kidding themselves.
Posted on 6/4/24 at 8:27 pm to Cycledude
To me the bigger problem is a lot of CEO’s were never the best option for the job. A lot of narcissistic a-holes and butt kissers make it. Really good managers get stuck at lower levels many times. Plus, it’s a pyramid so there is little room at the top to begin with.
Most of the best CEO’s I worked with were people who had worked in the field and not just at corporate offices.
Most of the best CEO’s I worked with were people who had worked in the field and not just at corporate offices.
Posted on 6/4/24 at 8:38 pm to Adam Banks
quote:
You have provided nothing to prove that the pool of the candidates is infinitely small
There are 133.5M full time employees in the US.
There are 30+M employees at fortune 500 companies.
There is $18.3T revenue in the Fortune 500 companies (about 2/3 US GDP)
We are looking for the top 500 CEO candidates for those 30M employees and $18.3T revenue from a labor pool of 133.5M candidates.
Posted on 6/4/24 at 8:40 pm to jcaz
quote:
If a company is profitable and most employees have decent pay then no issue with it.
But some of these companies are too profitable
Posted on 6/4/24 at 8:40 pm to Adam Banks
quote:
So the CEOs can keep up with inflation but the little guy can’t.
Welcome to obvious effects of immigration.
Intentional effects, even.
Posted on 6/4/24 at 8:40 pm to Cycledude
Most people have no idea what CEOs of big companies do. They basically spend their whole life trying to talk investors into giving them more money so they can grow. It’s not exactly easy to convince someone to give you a few billion dollars in exchange for maybe a board seat.
Posted on 6/4/24 at 8:40 pm to meansonny
quote:
There are 133.5M full time employees in the US. There are 30+M employees at fortune 500 companies. There is $18.3T revenue in the Fortune 500 companies (about 2/3 US GDP) We are looking for the top 500 CEO candidates for those 30M employees and $18.3T revenue from a labor pool of 133.5M candidates.
Given your previous posts I’m going to guess you are a headhunter
There’s way more than 500 people who could do an equivalent job at the vast majority of those places.
This post was edited on 6/4/24 at 8:43 pm
Posted on 6/4/24 at 8:42 pm to chalmetteowl
quote:
But some of these companies are too profitable
No such thing. 0/10.
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