Must be nice to be paid to do little.
And they can decide when and how long to take a break, and what to delegate to which underling, because there's no one above them. Let's not pretend it's the same type of work here.
I could probably work 8am to 11pm every day if that was all I was doing.
I will probably get downvoted for this but companies don't care about people. They might make it seem like they care but they don't. If a company decides they can perform same or better by improving efficiency and cutting 10% of jobs that is a huge WIN for the business. CEOs are not there to make friends and be kind. Their job is to plan for the future of the company, not Bob slinging code in the back.
CEO often cannot predict exactly what the economy will do and what the clients will do. Their decisions can be based on data but it doesn't mean they can predict the future.
To be frank, I am not saying this is right or wrong. This is reality of business.
Firing people is a way to avoid a company's workforce from stagnating. It lets unproductive people in one environment find a new environment where they can meaningfully contribute. One should never avoid firing someone, instead what's important is ensuring that when someone gets fired that they aren't left destitute or desperate and that there's a path available to them to find new gainful employment.
how does that happen? What's the SOP on that?
I would argue so are doctors but they don't get CEO pay, so there ya go.
Most people aren't saying that CEOs don't deserve more pay than the average worker but the rich continuing to get richer hasn't ever really worked out for the rich in the long run.
The bottom line is how much wealth/income inequality does a society want to accept. You have 2 paths ignore it and it will get more extreme or try to steer the ship towards a more equitable society. not a completely equitable society because that's impossible and people don't seem to work that well under that system, but there should be a goal in the middle somewhere.
You should also be aware the number of hours worked has nothing to do with actual output or value
Do you honestly think that someone working a minimum wage job doesn't deserve to be able to afford to live just by working one? Do you think that if someone isn't as competent as you would like them to be, they should just die? If you genuinely believe that, you should be ashamed of yourself
Worker's pay needs to come up or CEO pay needs to go way down. Preferably both
https://hbr.org/2018/07/how-ceos-manage-time
62.5 hours a week average is what's being toted in this article.