Sep 22, 2021
8:06:07am
8:06:07am
It works in a small company because # of employees relative to the executives is
small
So the CEO takes a lower pay and that flows through to everyone.
If you are a huge company with say 100,000 employees and the CEO takes a $10 M pay cut to give to everyone else, then all of the employees get $100 dollars a year or a nickel an hour.
People saying that this is proof that all companies could pay more are not realizing that small company CEOs are probably a lot more over paid than large company CEOs relative to the organization.
So the CEO takes a lower pay and that flows through to everyone.
If you are a huge company with say 100,000 employees and the CEO takes a $10 M pay cut to give to everyone else, then all of the employees get $100 dollars a year or a nickel an hour.
People saying that this is proof that all companies could pay more are not realizing that small company CEOs are probably a lot more over paid than large company CEOs relative to the organization.
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