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Fortune 500 executives spend a fair amount of time thinking about how automation and the Internet are changing the nature of employment, but they rarely wonder how technology will have an impact much closer to home: on their own jobs.
Amazon’s Mechanical Turk to curate a list of articles on the topic. After duplicates were removed, the list of articles was passed on to a pool of technical analysts from oDesk, who extracted and arranged the articles’ key insights. A cohort of Elance writers then turned these into coherent text, which went to another pool of subject matter experts for review, passing them on to a sequence of oDesk editors, proofreaders, and fact checkers.
We were amazed by the quality of the end result — and the speed with which it was produced. The research alone for such a paper would typically take several weeks to complete; with iCEO, the research only took three days. And while creating the full report through a traditional management-employee structure would probably require months to complete, iCEO did it in just weeks.
Lawyers being automated will happen far sooner than managers, I agree, due to smart contracts. Many lawyers are going to need to become programmer-lawyers, and we wont need as many of them.
Some of the findings from this year’s study include:Cheniere Energy CEO Charif Souki was the highest paid at $141.9 million, making him the only CEO earning over $100 million on this year’s list.Four of the ten highest paid were in the technology sector.Of the 200 CEOs, 11 are women. The highest paid was Martine Rothblatt of United Therapeutics with $38.2 million in total pay.The highest-paid sector was industrial goods with a median pay of $18.5 million among the 18 chief executives.The highest-paid new CEO was Don Mattrick of Zynga, who received $57.8 million for taking over the top job at the online gaming company.
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