Compensating Partners In Consulting Firms

There is an article on CNN Money, entitled The real CEO pay problem. It talks about how insanely corporate CEO's compensation have grown over the years. It seems that even CEOs whose companies are losing are awarding themselves with astronomical salaries, bonuses and stock options.

It seems that 4-star generals must be pretty incompetent in their work in comparison to CEOs when considering the pay difference between generals and privates. It turns out that the average 4-star general's pay package is merely 6 times larger than that of the average soldier.

So, what's happening in corporations?

The average CEOs compensation is 250 times larger than the average worker's pay package.

The other interesting fact is that the typical CEO performs only 28 minutes of productive work per day. The rest is basically "strategic naval-gazing."

I have a sneaking suspicion if army generals were performing at the same ridiculously low level as most CEOs do, by now bin Laden or Castro would rule the world.

The interesting fact is that in the army, the higher a person goes in the pecking order, the higher his responsibility becomes. But in the corporate world, the higher people go, the more untouchable they become to their peers, and the more unaccountable they become to their companies' strategies and visions.