Originally Posted by UmustBKidn
Yeah, they do.
In the last 31 years, I have worked for two large companies (I've done other things part time, but these are my day jobs). Both of these companies had/have tens of thousands of employees (anywhere from 68,000 to 120,000). I'm sure there's a statistic for this somewhere, but a huge percentage of the employees of these companies are some level of management.
It doesn't surprise me that there are lots of managers. What blows me away is how much the guys at the top of this stack all make. Some of them make millions of dollars a year. I just can't wrap my head around what kind of job someone has to do, in order to really justify earning millions of dollars a year.
There are some cases I can at least halfway understand. HP's former CEO Mark Hurd, for example. I know it didn't end at all well in the end, him being forced to resign (with a massive payout, mind you) due to a bogus sexual offence complaint against him. But what he performed for HP in his first 2 years with the company was pretty impressive.
Leading a company from being bit-part players in the market with diminishing market share to being the market's dominant force while at the same time increasing morale and attendance levels is quite remarkable. I still think he got way too much and his final payout was way over the top, but I can see why somebody like that would find a board to pay him seven figures a year.
Then again, in 99% of all cases I think you are completely right and salary is in no way connected to performance.