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I thought this was some type of joke but I looked up the company and it's a small company. It requires 5 years of experience but what COO has 5 years of experience? Maybe they're confused about titles or are they just really trying to take advantage of the market. So many questions, I was initially pissed when I saw it. I just thought you cheap bas*****
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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That doesn't surprise me at all. While ours makes about $170k, the nationwide median COO pay is only $130k, and the lowest 10% is at $60-70k. For a small or new company, that may be all they can afford. I'd bet they can get someone with experience for $50k that is perhaps recently laid off and desperate, or recently retired and bored.
All this means is every mom and pop out there now as a CEO, COO, CFO, to go along with chief cook and bottle washer. People think calling themselves CEO or whatever means they are among the movers and shakers. Just claiming a title that has trickled down from businesses large enough to justify it.
That doesn't surprise me at all. While ours makes about $170k, the nationwide median COO pay is only $130k, and the lowest 10% is at $60-70k. For a small or new company, that may be all they can afford. I'd bet they can get someone with experience for $50k that is perhaps recently laid off and desperate, or recently retired and bored.
Reminds me of a story I read once. One guy who worked for a major Auto maker. He was about 20th from the top and was a great manager, but didn't have the inside track for the top. So, he took another position with a smaller company. He lost 25% of his pay, but he WAS the CEO....
his desire to be the CEO, was more important then his paycheck.
Location: RI, MA, VT, WI, IL, CA, IN (that one sucked), KY
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Quote:
Originally Posted by Disgustedman
Reminds me of a story I read once. One guy who worked for a major Auto maker. He was about 20th from the top and was a great manager, but didn't have the inside track for the top. So, he took another position with a smaller company. He lost 25% of his pay, but he WAS the CEO....
his desire to be the CEO, was more important then his paycheck.
And there is absolutely nothing wrong with that. For many people, it makes sense.
Title use has been bastardized. I’ve met people that are in my same industry and their org’s throw titles out to make people feel good about themselves. So many have a Manager of X title of something like that...but they manage nobody and have no management responsibilities.
I don’t have a high falutin’ title but my daily responsibilities are high and my projects get high exposure. That’s good for me in many respects but if I try to jump and take a step up, my resume gets less attention because my title doesn’t stand out as much as others who do less but have better sounding titles.
And when I do get call backs for positions that sound higher than mine and we move into the salary stage, it’s usually less than I’m making now.
Titles have become meaningless in many respects. Most of their utility is now for the real company management to make the workforce motivated and to build and maintain morale.
This has been going on for years, just look at banker titles, especially the bigger banks will give powerful sounding titles, while paying the person $40-60 K a year. A friend of mine is now a bank President (actually should be titled branch manager) and he makes $70K a year after bonuses, but he gets to tell everybody he is a bank President, and that is important to him.
This has been going on for years, just look at banker titles, especially the bigger banks will give powerful sounding titles, while paying the person $40-60 K a year. A friend of mine is now a bank President (actually should be titled branch manager) and he makes $70K a year after bonuses, but he gets to tell everybody he is a bank President, and that is important to him.
At big banks everyone is a VP or above. The titles have often become meaningless.
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