Are 4-star generals lousier & less talented leaders than corporate CEOs? Are qualified 4-star generals "less scarce" than qualified CEOs (the economists' way of looking at the pay-for-talent issue)?
The ratio of average CEO pay to average worker pay in BigCos in the U.S.A. is about 250:1. The ratio of 4-star generals' pay to the average soldier's pay in the U.S. military is about 6:1. For a 1-star general that drops to about 4:1.
Your S.A.T. task today is to explain the above in 25 words or less ...
Before blogging became all the rage, Tom was posting book reviews and Observations (essentially early blog posts) to this site. You can find the archives below.
What we're talking about
on the front page.