In this day and age, with economic progress, people globally tend to have a higher standard of living. This means that they have to be diligent and strive for their study and work with determinations and big dreams. But, one cannot deny that it is really hard to reach such goals. With this in mind, the person who is an executive at a large company is a peculiar person who needs to have numerous compulsory factors, including managerial skills, a high mindset to make real decisions, specialization in the executive field, as well as others. In my opinion, CEOs and executives should be paid higher wages because the responsibility of the company rests with them. Furthermore, they have to suffer a lot of pressure in this job and need to devote all their time to ensure that the company continues to develop.
It is important to acknowledge that big decisions always require lots of experience and expertise. For example, a big company in Vietnam called Vinfast had to make a decision about opening a car manufacturing plant in the USA. The CEO of Vinfast made this decision, and it was not easy because it could impact the local Vietnam workers. Such a decision requires lots of experience and expertise in the areas of car manufacturing.
It has been extremely evident that in order to become a CEO or executive, a person not only need to have experience and expertise, but they also must be able to take responsibility for their decisions. For example, if a CEO or executive decides to invest in a project and it failed, then this means that lots of money and efforts are lost. That will negatively impact their company, such as many workers will not be paid salaries and that the company can crash, and employees become unemployed. Such a decision requires lots of knowledge in order to make, and the decision maker must bear the brunt of their actions.
In conclusion, CEOs and executives are usually intelligent people, and this is a really rare trait that exists in many people. Typically, these special people undergo countless lessons life, difficulties that a normal person cannot cope with. So, CEOs and executive should be paid high salaries because their experience and efforts are worthy of high salaries.
