Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TopCat who wrote (700004)	2/20/2013 2:32:43 AM
From: i-node	1 Recommendation Respond to of 1578590

>> Fundamentally it's supply vs. demand of management and leadership skill in the case of executives. It certainly isn't how hard someone works. It's what they produce. A CEO is responsible for the sum total of what an organization produces or might produce, in the case of a startup. Supply? Demand? WTF is that? Don't be laying this shit on him. He reads Krugman. That supply and demand nonsense is just doublespeak. Economics is about equality.

To: TopCat who wrote (700004)	2/20/2013 8:16:57 AM
From: one_less	3 Recommendations Read Replies (1) \| Respond to of 1578590

I would say it is even more fundamental than that. It's the ability to effect the bottom line, which is production and distribution of wealth. Some skills are critical and hard to find or replace, making them more valuable to the success of an enterprise, like the guy who is the encription specialist for a Bank's proprietary software or a charismatic CEO who has led the growth of a company from the ground up. Of course a ditch digger is important if a sewage line breaks, but if you don't want to do it for $9 an hour, there are 100 other people within minutes away who do. The guy who sends you to do the job is charging $30 an hour per employee on the job, for his overhead (management, truck, trencher, shovel, tools, materials) and company profits. He is sending out trucks in 5 different directions this morning. He is the one growing wealth that can be distributed in society, which is why he can pay you. You want more money, improve your skill set to qualify for a more specialized and sought after position. Who doesn't get that???

To: TopCat who wrote (700004)	2/20/2013 8:57:55 AM
From: SilentZ	2 Recommendations Read Replies (2) \| Respond to of 1578590

>Fundamentally it's supply vs. demand of management and leadership skill in the case of executives. It certainly isn't how hard someone works. It's what they produce. A CEO is responsible for the sum total of what an organization produces or might produce, in the case of a startup. Right. In theory, that's all true. In practice, not so much. Executive compensation doesn't really correlate with company performance. blogs.hbr.org And it certainly doesn't in my experience... -Z