CEOs and high ranking business people, what they get to do is not work or work significantly less than a working class people therefore I have no respect for most of em
The higher up you go the less work you do and the more stress you take on. You’re essentially trading your peace of mind for more money.
When you work a simple manual labor job you clock in and clock out and then go home and live your life. Work stays at the office.
When you’re an executive or a business owner you’re working 100% of the time. Something happens, you need to respond. Sometimes you need to make hard decisions where you’re fucked either way but you need to minimize damage.
You need to find solutions to problems and that keeps you up at night. Don’t have enough money for payroll next week? How you gonna do it? Not pay vendors this week? Take out another line of credit at ridiculous rates? Skip a payment on your rent? Equipment financing?
You have to do something- you stop paying your employees and the company falls apart very quickly. Could start a chain reaction of good people leaving, making the situation worse. The buck pretty much stops with you, you can’t pass off the problem to someone else.
It’s not easy to be in charge. Lot of blame rests on your shoulders if things go wrong.
Of course that doesn’t mean they deserve 10,000x the salary of a regular job. I think CEO pay should be capped to some multiple of regular employee pay. Whatever that scalar value should be 2, 5, or 10 I think is debatable. But it should be capped.
Moving from being a Product Owner, working on my own projects, to being a Product Manager who works with Product Owners on their projects/hands over projects to them, it is far more stressful. I end up being on the hook for everything, with an expectation that I know everything about a dozen projects, despite being far less actively involved in the underlying work of any of them.
“Running a business is hard work, you wouldn’t believe the number of meetings-”
Oh yeah meetings where you and “experts” on maximizing profits talk about how many people you can get away with laying off this quarter and other meetings where you work out a deal to buy a competitor startup in order to immediately and intentionally run it into the fucking ground sounds really fucking essential to the world Allan
Small business owner here. Just to add to the other responses about the stress and responsibility as you move up that others mentioned here… I cover every one of my employees when they take vacation or sick leave. So I am often doing my job, plus another person’s. It’s not uncommon for me to work 12 hour days without breaks.
CEOs and high ranking business people, what they get to do is not work or work significantly less than a working class people therefore I have no respect for most of em
The higher up you go the less work you do and the more stress you take on. You’re essentially trading your peace of mind for more money.
When you work a simple manual labor job you clock in and clock out and then go home and live your life. Work stays at the office.
When you’re an executive or a business owner you’re working 100% of the time. Something happens, you need to respond. Sometimes you need to make hard decisions where you’re fucked either way but you need to minimize damage.
You need to find solutions to problems and that keeps you up at night. Don’t have enough money for payroll next week? How you gonna do it? Not pay vendors this week? Take out another line of credit at ridiculous rates? Skip a payment on your rent? Equipment financing?
You have to do something- you stop paying your employees and the company falls apart very quickly. Could start a chain reaction of good people leaving, making the situation worse. The buck pretty much stops with you, you can’t pass off the problem to someone else.
It’s not easy to be in charge. Lot of blame rests on your shoulders if things go wrong.
Of course that doesn’t mean they deserve 10,000x the salary of a regular job. I think CEO pay should be capped to some multiple of regular employee pay. Whatever that scalar value should be 2, 5, or 10 I think is debatable. But it should be capped.
Moving from being a Product Owner, working on my own projects, to being a Product Manager who works with Product Owners on their projects/hands over projects to them, it is far more stressful. I end up being on the hook for everything, with an expectation that I know everything about a dozen projects, despite being far less actively involved in the underlying work of any of them.
Am an executive… agree with you on all fronts
“Running a business is hard work, you wouldn’t believe the number of meetings-”
Oh yeah meetings where you and “experts” on maximizing profits talk about how many people you can get away with laying off this quarter and other meetings where you work out a deal to buy a competitor startup in order to immediately and intentionally run it into the fucking ground sounds really fucking essential to the world Allan
Small business owner here. Just to add to the other responses about the stress and responsibility as you move up that others mentioned here… I cover every one of my employees when they take vacation or sick leave. So I am often doing my job, plus another person’s. It’s not uncommon for me to work 12 hour days without breaks.
I don’t think OP was referring to small businesses (< 50 employees), but more like 1000+ employees.
I am not reffering to small business owners, but big corporate executives