Higher Salary To CEOs
Large Companies Should Pay Higher Salaries to CEOs and Executives Compared to Other Workers. To What Extent Do You Agree or Disagree?
I strongly agree with the notion that CEOs and executives of large companies should receive higher salaries than other workers. This is because individuals in executive positions possess a wider range of knowledge and contribute more value to their organizations compared to the average worker.
Top management personnel deserve higher salaries due to their extensive knowledge and diverse skill sets, which enable them to comprehend the interconnections between different aspects of the business. This broader perspective allows them to make informed decisions that propel the entire company forward at a rapid pace. For example, Steve Jobs, the co-founder of Apple, excelled not only in product design but also had a keen understanding of market trends. This enabled him to lead Apple in fast-paced innovation. Conversely, the average worker typically possesses specialized skills and is limited to performing tasks within their designated role.
Furthermore, CEOs bring significantly more value to their companies in comparison to the average worker, which is crucial for the success and longevity of large corporations. While warehouse workers at Amazon work diligently and contribute to the company's operations, their impact on the company's growth and success is not equivalent to the strategic decisions made by CEOs like Jeff Bezos. Without Bezos' visionary initiatives, such as launching the Prime membership and expanding into cloud computing and streaming media, Amazon would not have achieved its current status as a global giant. It is reasonable for companies to compensate their employees based on the value they create, rather than solely on the amount of work they perform.
In conclusion, the significant salary disparity between executives and other employees is justified by the expansive knowledge, skills, and substantial value that executives bring to their organizations.