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Why don't CEOs work part-time?

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  • Oct 2nd, 2019 12:33 am
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Banned
Aug 30, 2019
39 posts
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Why don't CEOs work part-time?

Rather than work 40 hours a week and make 20 million dollars, they should work 10 hours a week and make 5 million dollars per year. 5 mil is still plenty enough, it is like winning the lottery every year. you already have all the money you need in the world, time is more important when you are at that level, why don't CEOs get it and cut down their hours?
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Jul 12, 2003
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What you looking at is only Salary.
Being a CEO of a company, there are tons of responsibilities everyday and it is impossible to work only few hours a day and chill for the rest. It is rather you do it properly or step down and let someone else do it.
Do you really think a successful CEO work only 40 hours a week? Way more!

Another example, surgeon makes a lot of money too, do you think they can pick and choose and tell the hospital management that he/she only want to do 2 surgeries in a week and want to chill for other days since they making good enough money anyway?
No, there are patients lining up. If you don't want to work, go home, they will hire another one that can handle the traffic and take care of their patients.

it is not a job in a restaurant that you can pick and chose your shift and rather you can ask to work 40hours a week or 20.

OP, you must be very young or just never have a real job to have a question like this.
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Aug 30, 2019
39 posts
28 upvotes
MP3_SKY wrote: What you looking at is only Salary.
Being a CEO of a company, there are tons of responsibilities everyday and it is impossible to work only few hours a day and chill for the rest. It is rather you do it properly or step down and let someone else do it.
Do you really think a successful CEO work only 40 hours a week? Way more!

Another example, surgeon makes a lot of money too, do you think they can pick and choose and tell the hospital management that he/she only want to do 2 surgeries in a week and want to chill for other days since they making good enough money anyway?
No, there are patients lining up. If you don't want to work, go home, they will hire another one that can handle the traffic and take care of their patients.

it is not a job in a restaurant that you can pick and chose your shift and rather you can ask to work 40hours a week or 20.

OP, you must be very young or just never have a real job to have a question like this.
How condescending, ignorant and wrong of you to assume that, looks like you will never be a CEO with that brain of yours.

back on topic:

Image

time is more valuable that money, according to the NYT
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Mar 28, 2011
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Latest wrote: How condescending, ignorant and wrong of you to assume that, looks like you will never be a CEO with that brain of yours.

back on topic:

Image

time is more valuable that money, according to the NYT
I’m curious what company can let their ceo work 10 hours for $5 mill, in fact what company for any c suite can work 10 hours?

All Fortune 500 ceos making that much from all the places I worked puts in more than 40, plus travel across the globe...
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Dec 5, 2006
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I think if CEO can earn 5 millions by working 10 hours a week, a lot of will do so. But more likely they have to work 100 hours to earn 5 millions
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Latest wrote: How condescending, ignorant and wrong of you to assume that, looks like you will never be a CEO with that brain of yours.

back on topic:

time is more valuable that money, according to the NYT

And you think with a brain of yours, you will be a CEO or even successful of whatever you do? Smiling Face With Open Mouth And Smiling Eyes

Free time is more valuable than money. Somehow true, depending your stage.
If one believe he/she is wealthy enough to support their rest of their life without working, then don't work at all!
Go to retirement, a lot of CEO or executives take their retirement at 50s. They will then entitle to all their free time without having stress about work.

But no one will slack off and only work half and earn half.
To be in that position of a company or in a society, you are responsible of what you do, and that's work like you purpose to and not only talking about your personal earning.
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Jul 23, 2007
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Ceo just sit worklesslySmiling Face With SunglassesSmiling Face With SunglassesSmiling Face With SunglassesSmiling Face With SunglassesSmiling Face With SunglassesSmiling Face With Sunglasses
Deal Addict
Nov 10, 2018
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As someone who has climbed from being an individual contributor to a member of the senior leadership team, I will tell you that as I climbed the number of hours I have put into to my work has grown accordingly.

The same can be said of every single person that I have worked with who has also climbed the ranks to the executive team. I don't know any of us who even bother taking more than a week of vacation in a year given the time demands placed on us given our workload.

When I was young and living in NYC, I used to think of how awesome those limos were in Manhattan waiting for their executives and sometimes would dream (I was poor) of being one of them one day. While I never did end up growing up in NYC, what I didn't know at the time was that those folks don't sit in traffic and are driven because of the cost of their time. It's also why the world of private aviation exists.

The #1 thing a senior leader wants more of but can't get more of is time. The Boards recognize that as well which is why seemingly lavish things to the general population (like a driver, private aviation and such) is often granted to senior leaders. It's cheaper to keep them working.
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Dec 3, 2009
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I never heard of a CEO that gets paid by the hour and nets around $10k/h.
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Jun 30, 2006
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The real question is that the shareholders would not like it. Simple as that.
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Dec 8, 2007
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With an attitude like that you'll never be a CEO ... 24-7 365 baby non-stop.
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Oct 7, 2010
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My VP start his day looking at all his emails while blushing his teeth, eat breakfast, and listening to voice mail while driving to work. Then email during the day and meeting all day. He doesn't stop until he goes to bed. I doubt the CEO has less responsibility than a VP.

OP obviously has no idea :)
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Dec 20, 2018
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spike1128 wrote: My VP start his day looking at all his emails while blushing his teeth, eat breakfast, and listening to voice mail while driving to work. Then email during the day and meeting all day. He doesn't stop until he goes to bed. I doubt the CEO has less responsibility than a VP.

OP obviously has no idea :)
Doesn't your VP have an assistant to do all that mundane time wasters (emails, voice mails, screen meetings, prepare briefings) for him/her?

Seems terrible waste of time. Or is the vp one of those title inflated ones like at the big telcos or banks? Lol
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Sep 12, 2019
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Tim Farris wrote that it is possible. Not sure, never been CEO
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danned wrote: Ceo just sit worklesslySmiling Face With SunglassesSmiling Face With SunglassesSmiling Face With SunglassesSmiling Face With SunglassesSmiling Face With SunglassesSmiling Face With Sunglasses
No, investors and venture capitalists just sit back. CEO answers to investors...
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Nov 6, 2010
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As others have said, being a CEO means answering to your shareholders (whether public or private) unless you're the sole owner of the company, That means that you'll be responsible/accountable to the shareholders about the company's progress, performance and future growth.
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Nov 6, 2015
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StatsGuy wrote: Doesn't your VP have an assistant to do all that mundane time wasters (emails, voice mails, screen meetings, prepare briefings) for him/her?

Seems terrible waste of time. Or is the vp one of those title inflated ones like at the big telcos or banks? Lol
Let's assume he is paying attention to emails, voice mails, etc., that were already screened by his assistant.

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