CEO’s don’t get paid by the hour, or by the pressure they are under, and they shouldn’t.
Anyone here can be the CEO of their own company. Go out and buy a rental property. Fix it up, raise the rents, make as much as the market will bear.
It doesn’t matter if you did all the work yourself and stayed up all night worrying, or turned the whole project over to someone else while you lounged at the beach. Either way, you are entitled to the rewards, or the ruin if it screws up.
That’s the way our system works. Unless you choose to be an employee–in which case you get what you get. And somebody else takes the risk.
if hitting a tiny white ball on a lush green lawn, stroll around, hit ball again,… can get one $100M/yr of income – hey whacked out pay is all around us. key is not to hate but go get yours. This country allows us to go get ours so get off your ass and go get some.
and keep in mind i’m not even in the camp who thinks CEOs make too much.
but i like to think their pay is justified based on working hard earlier in their career – not because their job is really that more demanding than anyone else in the company.
CEO’s who wreak havoc on their companies should be paid nothing. It is outrageous for executives to get paid huge salaries after needing gov’t bailout money. Or bringing their companies into bankruptcy.
I remember when Drexel Burnham Lambert went bankrupt–Michael Milken got the blame, but it was the huge executive bonuses that actually pushed company over the edge.
Right on!!! If I ever see a person by the name of Stan O’Neil, erstwhile CEO of Merrill Lynch, I will personally KICK HIS ASS!
DCB, it wasn’t the bonuses at Drexel that did it. But what did happen there is a good example of really bad management and lack of oversight.
In the early 80s I worked for a guy that ran a Convert Fund and we did a lot of business with them. The parties were the most over-the-top things I’ve ever seen. i went to the “Ball” twice.
Thanks Dave. I will google them. What’s YOUR favorite?
CEO’s don’t get paid by the hour, or by the pressure they are under, and they shouldn’t.
Anyone here can be the CEO of their own company. Go out and buy a rental property. Fix it up, raise the rents, make as much as the market will bear.
It doesn’t matter if you did all the work yourself and stayed up all night worrying, or turned the whole project over to someone else while you lounged at the beach. Either way, you are entitled to the rewards, or the ruin if it screws up.
That’s the way our system works. Unless you choose to be an employee–in which case you get what you get. And somebody else takes the risk.
donatella…lots of places….staying around the nice Rittenhouse area….Rouge, Park, Devon.
What you up for??? Big range of prices but start with those three first (googling).
More moderately priced…Caribou Cafe
if hitting a tiny white ball on a lush green lawn, stroll around, hit ball again,… can get one $100M/yr of income – hey whacked out pay is all around us. key is not to hate but go get yours. This country allows us to go get ours so get off your ass and go get some.
and keep in mind i’m not even in the camp who thinks CEOs make too much.
but i like to think their pay is justified based on working hard earlier in their career – not because their job is really that more demanding than anyone else in the company.
“the REAL pressure is the entry level guy who actually NEEDS his job to pay rent, debt and support the family.”
Thank you, DH, Correct!
It’s not life or death for a CEO, and even the ones that get the boot, often pop up somewhere else.
By DeadCatBounce on May 24, 2010 3:10 PM
CEO’s who wreak havoc on their companies should be paid nothing. It is outrageous for executives to get paid huge salaries after needing gov’t bailout money. Or bringing their companies into bankruptcy.
I remember when Drexel Burnham Lambert went bankrupt–Michael Milken got the blame, but it was the huge executive bonuses that actually pushed company over the edge.
Right on!!! If I ever see a person by the name of Stan O’Neil, erstwhile CEO of Merrill Lynch, I will personally KICK HIS ASS!
DCB, it wasn’t the bonuses at Drexel that did it. But what did happen there is a good example of really bad management and lack of oversight.
In the early 80s I worked for a guy that ran a Convert Fund and we did a lot of business with them. The parties were the most over-the-top things I’ve ever seen. i went to the “Ball” twice.
jinx Dave.