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Everything in life is easier said than done.
At this point the only way I could feasibly get said 5M would be a windfall.
I don't agree with "positions" that would allow me to "earn" that much in a short amount of time.
If it's too good to be true, it usually is.
Even if it is. I don't personally feel that "CEO" does as much benefit as the multi millions a year they "earn".
Even then. I think my upper limit to "earnings"with the value of the dollar now would probably be ~200k. And only then if I got more specialized and did more projects for more people/companies with it.
It'd take me 25 years at that to get to my "5M". And I doubt I have that much left in me.
The reason CEOs make the money they do is because they have proven their judgemental value and there are few of them. Another reason is that it's a tough job to get, so you have to bail hay while the sun shines. Most CEOs don't find an equal job if replaced.
I am going to have to disagree them proving their judgemental value. Especially not in the many hundreds of percent value above their average worker.
I've managed engineers. It's not easy, but most of them knew they didn't want my job. Now you take that and multiply the effort accross business disciplines and you have to have good judgement to be successful.
That still doesn't match the current state of affairs in my opinion.
Just because effort is more does not inherently mean value generated from said effort is more.
Not to mention the huge jump in compensation for said "effort" by each level.
You say you don't like people who just live off the interest their money collects, I can respect that ideology. I feel that people who are actively funneling more money away from the people doing the useful work are worse than those just living off interest.
In a perfect world we would all die broke, and be born with equal opportunity. This isn't a perfect world.
Edit: thinking about this further. I also have to disagree about the "effort" a CEO puts in to be inherently more or less than any other position. Every job requires effort. I guarantee a server working a double is pouring a ton of effort into that job. For me that job would be a lot of effort, likely more than I ever have exerted in my work. It's what makes me not want that position. Does that mean a server should inherently make more money than I do?
Same with my boss' position. It would take a lot of effort from me, different than the server position would take, but still probably about the same effort in my opinion. Yet he gets easily 5x the pay a server gets (and more than I get).....
The effort claim just doesn't make sense.
Compensation is one of those things you juggle when you decide to take a job that's offered. You, or anyone else, wants as much as you can get. Usually, if the company has anything on the ball, they know the compensation of someone with your experience and ability that other companies offer. Same thing is true with CEOs. It's up to you to accept or not. Maybe the perks you get are worth aa lower offer. It's up to you. CEOs do get tied to performance, though, so if you are successful you get bonuses for that but if you're meh, you don't. If you continue to be meh, you may not be a CEO for long. Getting another CEO job isn't easy.
Yeah and that doesn't make sense, because it's not actually the CEO that's doing the performance.
And against your effort argument.
I agree that's the system that is in place, just not that it makes sense, or should be accepted as a good system, let alone one to protect.
Yeah, I don't know if it's worthwhile responding to you or not.
Respond or not. I've enjoyed the conversation.