Why Exactly Are Bosses Paid More?

It's a more legitimate question than we realize.

Before we get going on this, let me just say that there’s a massive range of management and leadership expertise in the world. If you were to take everyone with direct reports and plot them on a graph from 1 to 100, and then find some way to assess their aptitude (based on their employees’ perceptions, returns, whatever), I bet most bosses would hover a…