
Ep29 “How Do You Become CEO?” with Dirk Jenter
All Else Equal: Making Better Decisions
00:00
The Tension Between Co-Hiring and Co Pay
There's a tension between what we know about co-hiring and how co pay is set. Board of directors worry that if they pay CEO not enough she will look at the pay of her peers CEOs to decide whether it's fair or not. Boards have this very interesting model of CEO psychology which is thatCEOs are amazing hired achievers who do really well but also care about being appreciated and fairly rewarded. The board still needs to shape up in the right direction, says David Cameron.
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