Koch: Employees can earn more than managers with no pay cap
Charles Koch · a16z Podcast | The Business of Continual Change · Jan 2, 2019 · at 17:10
Charles Koch, Chairman and CEO of Koch Industries, explains the conglomerate's cash compensation philosophy to Marc Andreessen, detailing how pay is tied directly to value creation without artificial caps.
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“That has nothing to do with how much your manager, although he gets some of the credit for you performing well, but there's no max. We want everybody to make all they can. Based on the value they're creating.”
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