Alan Mulally will receive $18.5 million to join Ford Motors Corp. and a $2 million dollar per year salary in addition to stock options and other perks. How much more difficult could his job be than most of our jobs ?
2006-09-09 17:07:25 · 10 answers · asked by federale 2 in Business & Finance ➔ Corporations
The CEO's job requires more than just talents and abilities. You are right in saying that there are many people out there that have the talents and abilities required for the job. However, there are two other components that make them very special.
The first one is what they have done in the past. If you were going to hire a CEO to do a turnaround of a company like Ford, you would like to hire someone who has done something like that successfully already. This reduces the number of candidates very significantly.
The second thing is relationships and trust. At the end of the day, the board needs a CEO they can entrust the company to. So - they do not hire based only on qualifications, skills and a well-written resume. They ask around - to other boards, CEO's, etc. The person they hire must preferably be known and trusted by other people in their 'network'. This is also hard because it is not easy to be a part of these 'networks'.
Hope this helps.
2006-09-09 17:25:18 · answer #1 · answered by R M 2 · 0⤊ 0⤋
It is all hype. They are probably no smarter than you. It is likely that they are not as talented as you. But there are a couple of areas that they surpass anything that you can or will ever imagine. Not necessarily in this order.
1. They have a highly inflated opinion of self
2. They have the ability to kiss asss when necessary
3. They are usually good listeners and when a good idea is presented they have no problem whatsoever in taking credit.
4. They would have no problem in running the career of any number of people to further their cause. Meaning that if they made a mistake just say I knew it would not work all along but Joe and his advisers said it would.
5. They are master controllers.
6. They are totally without sin according to themselves.
The reason all of the above work so well is because of the multitudes that will follow them, usually because of economic reasons.
Quite sad, I would say.
2006-09-09 17:43:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think these abilities include negotiation skills, self-control, open mindedness, ability to work hard.. but it depends.. the current extravagant salaries are based on previous salaries. One needs to create a good salary history by changing jobs reasonably often (to secure jumps in salary) and support the quoted amount with well-presented and justified success stories.
2006-09-09 17:22:49 · answer #3 · answered by Laurel 1 · 0⤊ 0⤋
The talent to convince the stock holders that he/she will make them more money.. A CEO is a good seller.. one that will sell ice cubes to Eskimos type..Common people have more "Talent" and are more hardworking then the BIG CEO's
2006-09-09 17:13:16 · answer #4 · answered by a_simple_man 2 · 0⤊ 0⤋
They have the ability to lead the corporation into growth; they are especially valuable if they can take a failing or stagnant corporation and turn it into a growing, profitable company.
2006-09-09 17:10:52 · answer #5 · answered by Califrich 6 · 0⤊ 0⤋
relatively, the CEO difficulty is complicated. If a CEO introduced billions of greenbacks worth of success to a company, he earned hundreds of thousands. the sturdy previous formed way. He supplied a provider worth hundreds of thousands. whether, if a CEO positioned his company in debt via undesirable management, and left a multitude of scandal and undesirable morale, his or her pay would desire to be the minimum income agreed to in his settlement. it extremely is the operative notice...settlement. as far by using fact the tax difficulty, if mentioned CEO went back to ninety% tax bracket, he would by no potential take the job, by using fact his take domicile would be rediculously below if he have been in basic terms a popular govt. Is the common vehicle worker worth $seventy 9,000 once you look on the provider he factors his company? on account it extremely is the actual familiar for vehicle workers. His healthcare is carefully coated. He has a pension and a 401 (ok). He gets childcare for his childrens at a company daycare, precise on the job. the motor vehicle companies pay over 30% of gross income in corp. taxes. The tax breaks to important companies you hear approximately are a smash in payroll taxes, meant to stimulate hiring. After buying all the different benfits, there's no longer something left contained in the tank to hire extra overpaid workers who stand in one spot and put in the comparable screw all day long. subsequently robots have been put in factories. by using fact the employees felt they might desire to be paid like a CEO. I have no love for the redistribution of wealth your question implied. pass look at Cuba, see how they are doing without our filthy capitalist bourgeoise money. Oh, you like being shot once you do no longer artwork? you like living on $12 an afternoon? you like no longer being allowed to examine books that inform you COMMUNISM is a dying sentence? You sound like a socialist/communist your self, with all your Obama slogans. be careful what you decide on for once you pull that lever, comrade!
2016-09-30 12:59:33 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Pure Luck..
Most middle class middle income hard working people have more common sense and know how then some CEO's that I know
2006-09-09 17:09:59 · answer #7 · answered by Lea 4 · 0⤊ 0⤋
Corporate Governance....lol!!!!!!!!!!!!!
2006-09-09 17:09:00 · answer #8 · answered by Anonymous · 0⤊ 0⤋
None
2006-09-09 17:15:04 · answer #9 · answered by Scott E 3 · 0⤊ 0⤋
i can only guess- i think they have a killer instinct (basically speaking)
2006-09-09 17:08:43 · answer #10 · answered by Hymn 2 · 0⤊ 0⤋