Drawing on two unrelated studies, famed management guru Dilbert reaches a brilliant, although ironic conclusion: CEOs are underpaid. One study found that happiness makes people successful while another found that sad workers are the most productive. The brilliant leap in logic is as follows:
Now, if you were to describe the job of a CEO versus the job of a lower level worker, I think you might say the CEO needs to be successful (as opposed to productive) whereas the lower level worker needs to be productive (as opposed to successful) ...
I actually know of at least a few public companies that appear to be operating under this management philosophy -- Wal-Mart (NYSE: WMT) comes to mind.
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