Job Title or Money?

[JohnnyUK]

Would you:

Take a role to get back to a CxO role (which you've had before) which gives you power and responsibility, BUT halves your package?

OR

Stick where you are, accept you're done with the ego, be a good boy and hoover up the money?

I'm 60 ish, full pension pot, no mortgage and some nice cars.

[miniman]

In your position, I fail to see why you’d give two short sts about job title.

[jayymannon]

Neither.

Who cares about any of it.

Just retire and enjoy your remaining healthy years. Life is not a dress rehearsal.

[crofty1984]

JohnnyUK said:

Would you:

Take a role to get back to a CxO role (which you've had before) which gives you power and responsibility, BUT halves your package?

OR

Stick where you are, accept you're done with the ego, be a good boy and hoover up the money?

I'm 60 ish, full pension pot, no mortgage and some nice cars.

Personally I'd rather chop my cock off than go for option 1. Thing is, it's not me, how much is the power and responsibility worth to YOU?

[CubanPete]

Full pension pot;

I'd be sitting in a boat in the sun somewhere.

[crofty1984]

CubanPete said:

Full pension pot;

I'd be sitting in a boat in the sun somewhere.

Oh, I missed the full pension pot bit. Boat in the sun.

[Jamescrs]

Personal opinion- you would have to be really desperate for that job title to take a drop in package to get it, especially at 60 years of age. Especiallly when every social media influencer calls themselves a CEO now.

[stuthemongoose]

In your position, are you mad? Stick as you are. Start planning retirement and getting hobbies outside of work.....*

Yours,

A current CxO with little time to do anything but work.


'*Unless work is your real passion and hobby and you plan on working through your 70's... in which case the change could be justifiable, but you'd need to be a workaholic and LOVE it and see it as your retirement hobby.

[RammyMP]

I’d say take the money, fk the title but I’ve been in my present role for 6 months after dropping down to a more junior ‘title’ than what I had previously (money was near enough the same). The downside is that I now have cretins in a more senior position with 15+ years less experience than me talking down to me and generally have no respect. I’m just thinking about the money but to be honest, I don’t know how long I’m going to stick it out for.

[DanL]

You’ve had the title, so you don’t need it as a CV builder. What’s the point of the title anyway, if it doesn’t drive the financial side? More work and responsibility for less money sounds like a poor deal to me…

[Ritchie335is]

I’m struggling to understand the mentality of the OP to ask this question actually.

[Shnozz]

I remember a survey some years ago in the U.K. that concluded how the job title was often more important than the package that came with it. More so than many of our European neighbours.

Back when perks were a thing and less impacted by tax, it would amaze me how many younger employees in particular would be made up when given a company car, laptop and phone, together with a fancier title. Great way to avoid paying them much more, having them more contactable at any hour and yet weirdly they felt something more important despite not earning any greater.

At 60, no chance.

[skinnyman]

No offence here, but if you're 60, why does job title matter?

If your pension is full just retire and head to the beach

[55palfers]

£

[lizardbrain]

what would you do with the power and do you want the responsibilty?

[bompey]

Take the money. At your age there should be nothing left to prove. The smart thing is maximum money for minimum effort, for as long as YOU choose.

[Alex Z]

Ritchie335is said:

I m struggling to understand the mentality of the OP to ask this question actually.

Humblebrag about what a good position they are in?

[98elise]

Retire. You get one life.

I took that option at 54.

[JoshSm]

I like power, not so interested in responsibility as that's known to lead to consequences, but ultimately when I've had these discussions I end up back at the mercenary point that money or other remuneration is something I can use to do the things I want to do, and that while titles/awards/press/etc/etc might polish my ego I can't do anything useful with all that which I don't already have.

My narcissism has already been pumped as far as it will go so if I'm looking for rewards I look at practical ones.

A job title might give you a warm feeling if that's still important to you but the cash (or the stuff it buys) will last longer.

[Rough101]

Titles only matter when climbing the ladder.

You can call me cleaner at my age if I can keep the package. I’m not a C anything, but an SVP.