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Comment by JumpCrisscross | Hacker News Reader

> is your job to anticipate the market

No, it’s not. It’s to engage it best.

Take two cultures: one that executes leaders for making bad calls and one that judges them according to what they knew when they made the decision. Who wins?

We’ve run this experiment hundreds of times because it’s appealing to think steep consequences for bad decisions leads to good decisions. But it doesn’t. It causes caution and indecision. The example that comes to mind is Carthage vs. Rome; the former executed failed generals while in Rome "defeated generals seldom faced serious punishments" [1].

[1] https://www.cambridge.org/core/journals/libyan-studies/artic...

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Then the compensation model is inherently unfair if the rank and file is forced to bear the brunt of bad leadership.

> the compensation model is inherently unfair if the rank and file is forced to bear the brunt of bad leadership

Considering solely risk, sure. There are other relevant inputs. More pertinently, this is why we have public services and safety nets.

So we outsource bad decision making of overcompensated people to the public. Brilliant.

Anyone can put their hat in the ring and get into management. I wasn’t born with a silver spoon, I had no connections, and I attended a weak school. I worked my fucking ass off and networked everywhere I could. I built a reputation.

If you can convince people that you are deserving of leadership, you have the guts to put yourself on the line in front of tens or hundreds or thousands of people, go ahead. This is your life and the people you are responsible for. If you do this and want to work for peanuts, be my guest. I get paid what the market thinks I’m worth.

I don’t disagree with what you posted but the last sentence needs highlighting:

> I get paid what the market thinks I’m worth.

It helps when “the market” is your peers who also benefit from benchmarking higher salaries for management.

You’re making all valid statements, but we see CEOs driving businesses into walls, and refuse to take responsibility. I size things for a living, a mistake can mean injury or death. If this happens I tell you I’ll have to bear the consequences. And I’m having an average pay. What’s the market thinks about this? Genuinely interested to know.

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