So my wife recently changed jobs within her firm.
She went from managing $750 million in *costs* to managing $150 million (and dropping) in *revenue*. The pay is the same while the scrutiny and intensity is much, much higher.
She had to take this lateral move over to the *revenue* side because workers earn sooooo much more there. This is flat-out ridiculous. A penny saved IS a penny earned, after all. Meanwhile, the department she ran for years is now blowing up because, well, she left. Obviously, if they had compensated her commensurate with her responsibilities, she wouldn't have jumped ship.
But this is how Big Business rolls; they are all about growth and market share; costs be damned; and profits....well they too can be managed and easily transformed into the *next guy's problem*.
Why are large corporations' priorities so distorted?
Well, I assume it's a temporal thing. They just enjoyed a 30 year bull market in bonds and credit. But I think it also has to do with how freakin' big and bureaucratic they are. And, let's not forget that these Big companies are passively-owned and third-party-run enterprises. Compare their stinginess with that of your local pub owner or other proprietors.
A while back I mentioned the guy who used to own my watering hole:
I knew the now-deceased bar owner of Chaucers in Philadelphia pretty well and he was one cheap bastard. He regulated the amount of soap his bartenders used to wash glasses. He demanded a head on draught beer to shave his keg costs that 2%. He even put weird tape contraptions on the waitstaff's pens because he was convinced that they often rolled off the bar and into the trashcan. Meanwhile this filthy rich tightwad was always telling me about his million dollar semiconductor bets.
Of course one can't mint a fortune from simply pinching pennies....but, at the very least, the geniuses running Corporate America today ought remember the remedial math from their government school days, and put costs and revenues back on parity in their thinking.
See also - Marginalizing Revenue.