srikamaraja;2859178; said:
I believe that being a CEO or CFO should be labeled a mortal sin/federal crime.
So your saying managing people is not efficient? especially in a large scale company? Sure there are other levels of managers, but you need people even above this, to see the big picture (but you need to correctly balance it as such so you are not overmanaging as well). Therefore, I believe C_O's are necessary, and you need someone in charge of operations as such, not only to keep the business in line, but to make sure that the way operations are carried out agree with the interest of the owner. Their pay can be way off, I agree on that, but it is their neck when things go wrong, which why a large number of them are gone after a year, therefore to some extent, it should be higher to reflect this. When it comes down to it, they need to be there, but with this said I think it is stupid when they bring in new ones to 'cut costs' who do so by cutting labor, and as a result are rewarded with more bonuses. Something which needs to be considered though, is that such positions are more than your typical 9-5 job, as you can't just stop thinking about the business when you clock out, it's a constant thing, even though the time clock does not reflect that, however it is realized and the paycheck does. What is interesting though, is in most other countries, the C_O's don't make nearly the amount of times of pay compared to the average worker as they do here, and as a result their production tends to be higher, more effecient, and with better decisions made, so I think we should incorporate this as well. It is allready mentioned on this thread that if you cut pay, they will go elsewhere, so obviously you can't cut the huge steps in the pay ladder out completely, and if you do there would be somewhat less motivation for them to do their job, as even though it might not all be about the money, it is about the status that the money ascribes to them. Anyhow, its 4:30 am here, so it's bed, but I'll leave with the following question...
Should the goal of a business, to maxamize profit for shareholders, or to give back to the community, because there is no way to truely do both, since you are always depleting one by doing the other.