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by welshwelsh
525 days ago
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Replacing a CEO would save a lot less money than replacing even a small percentage of workers. The typical CEO of a F500 company makes $17.7 million compensation. That might seem like a lot, but it's only about 0.04% of the average F500 revenue, which is $42 billion. On the other hand, the average F500 has about 65000 employees and payroll expenses can easily be upwards of $5 billion. About 300 times as much money is spent on employees than on the CEO! |
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