If you think it's so hard and stressful to lay off an employee, try being the one on the receiving end.
I've been on the receiving end of a lay off, and I can assure you that letting someone go (especially if I was the one who hired them) is much more stressful psychologically than being let go off.
If you're so worried about the company's financial prospects while you earn more than anyone else in it, I don't have a ton of sympathy for you.
We're a small startup, and me and my cofounder earn less than everyone else in the company. As we grow, I expect our salaries to grow a bit, but they'll never be much higher than a median salary. Most really great people are compensated in stock options.
Was the article talking about small startups? I've worked for (more than) my share of small startups - most of the "CEO"s of small startups are closer to owner/proprieters than CEOs.
I've been on the receiving end of a lay off, and I can assure you that letting someone go (especially if I was the one who hired them) is much more stressful psychologically than being let go off.
If you're so worried about the company's financial prospects while you earn more than anyone else in it, I don't have a ton of sympathy for you.
We're a small startup, and me and my cofounder earn less than everyone else in the company. As we grow, I expect our salaries to grow a bit, but they'll never be much higher than a median salary. Most really great people are compensated in stock options.