In the last decades the world economy has seen firms organise production into global value chains, decentralise their systems of command to incentivise workers, and start compensating CEOs with skyrocketing earnings. This column uses new data on German and Austrian firms to show that managerial offshoring to eastern Europe has increased decentralised management by 6.8% in relatively open sectors, but it has lowered the relative wages of executives in Germany and Austria by 4.9%.