Just because someone has a CEO label doesn't mean they have to be paid extreme amounts of money.
Just because someone has a CEO label doesn't mean they have to be paid extreme amounts of money.
There are 2 parts to the job of CEO:
1. Sales
2. Incentive engineering (overcoming Goodhart's law)
There is very little about software development expertise that will help with either of those endeavors.
Good point, we can pay them much less than developers. Having a warm smile and making informed decisions about ~things is something my mom can do and I assure you her hourly wage is less than a developer's.
You have to find a person with a relevant experience. That's the real bottleneck. Number of people available who have enough track record to be considered to become CEO in a tech company with half a billion in revenue and over thousand employees is small, those who are willing to work for less pay is really small.
Says only someone who hasn't seen what happens when the average IC is forced into management.