Last week, I remembered a poem I love by William Butler Yeats. “The Second Coming” is a work of dark genius. Here is the first verse of the poem:
The New York Times published its 2014 CEO compensation report and continued its steady drumbeat against the whackadoodle nature of executive compensation at America’s publicly traded companies. In a world where S&P CEOs earned 373 times the salary of the average worker, according to The Wall Street Journal — up from 42 times in 1980 — it seems that whackadoodle is the appropriate operative term. Of course, in a tech industry where most people tuck themselves in bed at night dreaming of stock options that will finance Ferraris, private islands, or at least college tuition for the kids at tweedy private universities, not everyone may be concerned about the inequality ramifications of a giant CEO salary. So be it.
Last week, the HR/HCM technology industry experienced a full-fledged unicorn sighting in the form of Zenefits announcing a $500 million round led by Fidelity and Fort Worth-based TPG Capital at a whopping $4.5 billion valuation.
