Re: knowledge +- $$$

[Ludwik Kowalski <KowalskiL@MAIL.MONTCLAIR.EDU>]

I never worked in industry but would like to know who
makes decisions about how much different people are
worth to a large company. Do rewards fluctuate from
year to year, according to assignments? Is there a
tenure equivalence to protect narrowly specialized
experts (those whose expertise gained over many
years would have little value outside the company)?
Ludwik Kowalski

Larry Woolf wrote:
> -----Original Message-----
> From: John S. Denker
> Sent: Tuesday, June 12, 2001 6:54 AM
> 3) Money, however, does tell us something.  Being highly paid is an
> indication -- a rough indication -- that somebody thinks you are working on
> an important problem.
>
> The word important may have different meanings to different people so let me
> put my 2 cents worth into the discussion.
>
> In my experience in industry, being highly paid is an indication that you
> are considered to be someone with unique skills/knowledge/ability who
> clearly has contributed, contributes or will likely contribute to the
> acquisition of significant revenues and profits for a company. Being highly
> paid is not an indication that you worked hard in college and got good
> grades, although there may be a strong correlation.
>
> There are many physicists at General Atomics who are working on very
> important problems such as plasma confinement/fusion energy research, but
> they are not nearly as highly paid as those who are working on less
> important problems that bring in significant revenues and profits to the
> company.
>
> Larry Woolf
> General Atomics