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The Pathetic Overconfidence of Top Executives and their Million-Dollar Salaries

The market for top executives works in such a way that they can demand ever-increasing amounts of money, and there may be some who believe their work is worth those millions, but that is just evidence of pathetic overconfidence.

He also receives meal vouchers. I thought that was the most beautiful detail of the remuneration package of the new bpost CEO Chris Peeters, which became known little by little last week. In addition to an annual salary that can amount to 1.2 million euros, a welcome bonus of another quarter of a million and a car with driver, fortunately meal vouchers had also been considered during the wage negotiations. Would someone have enforced that for Peeters? Or did he already get one from Elia and has he become incredibly attached to it, just like me? The exact amount of the meal vouchers that Peeters uses for lunch in the canteen every day is still kept secret from us. Once again, no one lifts that last tile.

Furthermore, I am not at all jealous of Chris Peeters.

When my salary automatically increased by just over ten percent at the beginning of this year, it forced me to think about the question: am I actually worth that money? It didn’t help that during the inflation and purchasing power crisis, pay slips continued to appear in newspapers from people who earn less than me and – in the catering industry, in healthcare, behind the cash register – probably work harder. Fortunately, that moment of self-reflection only lasted a very short time – after all, in my case, we don’t have that much money at the moment.

For Chris Peeters, the answers to such questions are very simple: of course he is not worth that money. Of course he deserves much, much more than he is rightfully entitled to. The market for top executives works in such a way that they can demand ever-increasing amounts of money, and there may be some who believe their work is worth those millions, but that is just evidence of pathetic overconfidence. Someone who actually thinks something like that is certainly not worth that money.

But how do managers who realize that they earn a ridiculous amount of money get through their working day? Can they actually take lunch breaks with those meal vouchers, or do they also work stupidly long days just to feel a little less guilty? Do they dare to check Instagram during office hours? Do they feel bad if they tell colleagues in too much detail about what was on television the night before? And do they allow themselves to sometimes try just a little less than usual for a day? Hundreds of euros have been thrown away each time. It would drive me crazy.

Knack editor Peter Casteels throws a log on the fire every week.

2023-09-19 19:17:13
#Chris #Peeters #worth #millions #bpost

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