Wednesday, September 17, 2003

The Price of Leadership

Superb Manager = $140 million in compensation? At some point, business people started focusing only on the managing and forgot about the actual doing. What would the NYSE look like under poor management? Would it ultimately cost the exchange more than $140 million? I doubt it.

During the bubble, E*Trade ran a telling billboard advertisement: If your boss could pay you less, he would. Without a view into otherwise sealed corporate books, no worker has an idea if he or she is getting a fair shake. Alas, my utopian hope for this working world is that our pay will continually become more in line with the value we create for our companies, not in line with the non-economic expectations we have about a hazy appropriateness.

No comments: