The person who won the ipod had generated a huge amount of value but the reward wasn't related to the actual value he generated because he's not paid on that scale.
Generating value is a meaningless way to justify senior staff salaries because it's something that doesn't and often can't apply to lower level staff. You're putting them on a different scale.
Saying that my chief executive generates more value than me so that justifies his wage is like saying that Tiger Woods is a better golfer than me so that justifies his salary when compared to my salary at the company I work for. What you're using to measure him is something that doesn't apply to how MY salary is calculated, same with the chief executive.
Senior staff are paid so much simply because that's the kind of salary that you get at that level, not because it's justified. Variations within it and bonuses are justified by the work that is actually done, and I'm fine with that, but the basic off-the-scale and out of proportion high salaries are the bit I object to. Of course, I would expect them to only get a bonus that is related to THEIR performance. If the international sales division does really well that year and bumps up the company's profit.. well, if the Chief Exec didn't actually make any strategic decisions relating to International Sales during that period, why the fuck should he see any reward from it?
no subject
Generating value is a meaningless way to justify senior staff salaries because it's something that doesn't and often can't apply to lower level staff. You're putting them on a different scale.
Saying that my chief executive generates more value than me so that justifies his wage is like saying that Tiger Woods is a better golfer than me so that justifies his salary when compared to my salary at the company I work for. What you're using to measure him is something that doesn't apply to how MY salary is calculated, same with the chief executive.
Senior staff are paid so much simply because that's the kind of salary that you get at that level, not because it's justified. Variations within it and bonuses are justified by the work that is actually done, and I'm fine with that, but the basic off-the-scale and out of proportion high salaries are the bit I object to. Of course, I would expect them to only get a bonus that is related to THEIR performance. If the international sales division does really well that year and bumps up the company's profit.. well, if the Chief Exec didn't actually make any strategic decisions relating to International Sales during that period, why the fuck should he see any reward from it?