CEOs Making Too Much? (enemy, ethics, death, solution)
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I am ok with someone making a lot of money just along as they put in the hard work.
Some of these CEOs make a insane amount of money and i just wonder exactly what they do to deserve it.
Send emails, rub elbows with other CEOs, politicians, delegate duties to subordinates, analyze figures, make projections, etc.
Louis Bacon = Annual salary $400 million
Bruce Kovner = Annual salary $800 million
Paul Jones = Annual salary $800 million
Steven Cohen = Annual salary $1 Billion
Edward Lampert = Annual salary $1.5 Billion
Edward Lampert???
dude got lucky on the Sears?kmart deal. he doesn't make $1.5 billion a year....and he is the CEO of his own private hedge fund.
matter in fact, most of the people you mentioned are hedge fund managers and do not make that much....unless you are including what their funds return.
I am ok with someone making a lot of money just along as they put in the hard work.
Why the hell does it matter? Or we then to evaluate your "effort" and justify whether you deserve the pay you are given? I could select many that might view your efforts versus your pay as being insufficient. Is this what you desire?
Quote:
Originally Posted by Sith Klato
Some of these CEOs make a insane amount of money and i just wonder exactly what they do to deserve it.
And what do you define as "deserve"? Again, are we to evaluate what YOU deserve? By whose standard do we establish such?
Quote:
Originally Posted by Sith Klato
Send emails, rub elbows with other CEOs, politicians, delegate duties to subordinates, analyze figures, make projections, etc.
Louis Bacon = Annual salary $400 million
Bruce Kovner = Annual salary $800 million
Paul Jones = Annual salary $800 million
Steven Cohen = Annual salary $1 Billion
Edward Lampert = Annual salary $1.5 Billion
And I work on complex networks, establish the flow of information so society, so businesses can actually communicate their deals. If I shut you down, you lose millions of dollars, 20 seconds of lost transactions in my works can mean massive losses in business. Shall I then evaluate your contributions? Your ability to deal with issues? What you deserve for earnings? I see many people to which their job requirements would be considered a game, something I could teach a monkey to do in a couple of hours and yet they make 50k a year or more? Who pays idiots to do such stupid work that someone could learn in a week with some avid reading and a bit of effort?
What is that? I don't know your job? It takes a lot more than that? Well, until you fill the job of such people, why don't you excuse us from thinking your little rant about "who makes what and how much" is nothing more than an envious unskilled day worker going off about how he doesn't get paid millions for doing stupid repetitious pointless tasks? Maybe?
Seriously, until you have walked the shoes of those you judge, shut the hell up!
Why do you care anyway? Does their accomplishments somehow keep you from excelling? Or are you just too damn angry at what others make that you can't seem to manage to excel yourself?
Our company told us they could not afford to give out raises even if you took a 'promotion.' They would give you a title change as if it paid the bills.
All this while the CEO gave himself a 20% raise ontop of his bonuses to rake in record compensation exceeding 20 million for a company with a market cap of less than 3 billion.
How did your CEO give himself a raise? The CEO's compensation should be set by the board. Even if the CEO is the Chairman, he can't set his own salary. He can certainly ask for it - but it is the board that sets compensation.
I am ok with someone making a lot of money just along as they put in the hard work.
Some of these CEOs make a insane amount of money and i just wonder exactly what they do to deserve it.
Send emails, rub elbows with other CEOs, politicians, delegate duties to subordinates, analyze figures, make projections, etc.
Louis Bacon = Annual salary $400 million
Bruce Kovner = Annual salary $800 million
Paul Jones = Annual salary $800 million
Steven Cohen = Annual salary $1 Billion
Edward Lampert = Annual salary $1.5 Billion
They risk their own money and receive a return. They have proven to know how to choose investments wisely and other people will choose to let him invest their money. As a payment, he keeps a portion of the money made.
You may "get lucky" and make a few million. You aren't going to become a billionaire and have other people give you money to invest without being an expert in your field.
dude got lucky on the Sears?kmart deal. he doesn't make $1.5 billion a year....and he is the CEO of his own private hedge fund.
matter in fact, most of the people you mentioned are hedge fund managers and do not make that much....unless you are including what their funds return.
wall street ballers. it was reported in 2004 or 2006 he was earning 1.5 billion.
Stockholders have to care enough to change the golden parachutes and other compensation packages. They have to be willing to not allow their boards to determine their own pay but to set it at a percentage be it of company earnings, stock yield, or other measure.
Unless one is a company stockholder, it is really none of his/her business as to what at any corporation anyone earns.
If these Marxist protestors and their astroturf organizers had a clue they would put the money they are spending in protests into stock aquisitions, become stockholders, and have a say in what happened.
What don't you get? We the 99% are sick of it. We are in debt up to out eyeballs keeping the rich wealthy. We have had it with life destroying health care cost. We are tired of getting road over by corporate America while they poison us and our children. We know that there are much better ways to power our cars and homes but those ways are being held back by greedy oil and energy companies. The rich don't work. Thats a crock. They set back and have an easy life because thats the way the system was built. Easy credit rip off and all the other BS has pushed the bottom to far America. We want decent hours for decent pay that doesn't suck the life out of us so we cant even enjoy our families. vacation like they have in the rest of the world. Not this two separate lame weeks BS.
How did your CEO give himself a raise? The CEO's compensation should be set by the board. Even if the CEO is the Chairman, he can't set his own salary. He can certainly ask for it - but it is the board that sets compensation.
unless its privately held. Yeah, owner wanting to keep more money for himself.....oh the injustice.
First, we have two problems. Liberals and mainstream conservatives. Liberals believe you need the hand of government to have a maximum wage/salary, and you have the mainstream conservatives who think CEOs can never do no wrong. The problem is the Federal Reserve, which is eroding the purchasing power of the average American. If the Fed controlled the amount of currency, and the banks weren't in debt to the tune of hundreds of trillions, we wouldn't have this problem. The problem is a lot more complex than most people think
First IMO, you are brainwashed.
second, I and many of my conservarive friends do not agree with your statement, "mainstream conservatives who think CEOs can never do no wrong".
I always laugh at people who THINK they know what other people are thinking.
I am certain you have plenty of proof to back up your claim.
"Life's tough......It's even tougher if you're stupid."
-John Wayne
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