But do any of those metrics really have much to do with how good CEOs are at their job? The “multiplier” comes from the efforts of workers. CEOs don’t create business value - workers do and get paid a fraction of the value they create for their employers. Low-level managers, not CEOs, are the ones making the task lists and the concrete decisions. The CEO just sits in on meetings and occasionally steps in to enforce “values”. At a certain level of abstraction from the actual work, don’t you think high-level management has less impact than the people actually doing the business’ work? Why, then, should they be rewarded more?
