I always crack up reading what people think other people are worth as far as salaries, etc. Mostly come across as cases of ***** envy combined with dribs of socialism.

Guy is worth being paid exactly what his board decides to pay him - no more, no less. Same goes for all of us. Don't think you're paid enough? Then educate, train, move, try different field, etc.

That said, I wish the dude was a life-long scooter jockey.

 

Has nothing to do with ***** envy OR not thinking I get paid enough. Actually I don't recall reading any posts about someone complaining about not getting paid enough, maybe I missed that post. I think I get paid a decent amount. However I do think these salaries and bonuses are getting out of control.

look what's happening to sports with these big salaries. When a major league baseball player signs a 200 million dollar 10 year contract someone has to pay. Ground level seating at Yankee stadium is now $2,000 per seat per game. Sound good to you??

 

Do you hear AMF calling?

 

Piney, until the free market is completely outlawed (and many are trying to), the market determines what most people earn. We may not agree with what they earn but it is what it is. CEO compensation has grown over the years roughly in proportion to the size of the companies they are running - bigger the company, bigger the package. A lot of their pay packages consist of stock options that have no value unless the company does well and its stock price increases - and the CEO may not even know the value of that for a fairly long period of time. So, if the company doesn't succeed, a package with a lot of options could ultimately be worth substantially less.

Quite frankly, I would rather see CEOs, who, in essence are running America, make a lot of loot rather than a bunch of prima donna professional athletes or TV/movie stars making the same or more. But that's just me.

 

RexBuck, your 100% right. It is what it is. I just wonder when (or if) the economy is going to totally collapse with the way things seem to be heading. I would kind of like for things to start turning around.

And natually Athletes should not make the money that people (like CEO's) who are in charge of many peoples futures make.

 

If you could download and run as if it were you, a file that mirrored his life, complete with education, experiences, health, wants, likes, dislikes - in other words, the whole enchilada of BEING him, you would probably fimd the logic in there somewhere.

Foe what it's worth, I'd be happy with that set of goodies... many of my responsibilities and desires - personal and otherwise would be handled.

Sometimes keeping a sliding down-hill company from going too far (that it might be lost) is worth a bonus or two, no?

My 2¢.

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You bet it is.

He's protecting the core brand in the worst fiscal climate in 40 years. So far, so good.

 

Sniff, sniff........

Can you guys smell it? There is a distinct smell of socialism/Marxism in this thread.

Execs making too much (I'd argue that they earn it).........pro athletes making too much.

Everyone, in every career, makes what the market will bear.

If that doesn't sit right with you, man, I think you're screwed. Even in China and Vietnam, salaries are becoming competitive in many industries as they are becoming more increasingly global.

There are a few places left where salaries are not dictated by the forces of the market.......let's see........Cuba, Nicaragua, North Korea, Angola.....am I missing someplace else?

 

Don't know if there are different types of stock options, but when I was getting them, it was just a document saying I could buy 'X' numbers of shares at today's price any time in the next ten years. The 'value' was just the shares times the price. Ex. - I could buy 1000 shares at $50 - value $50,000. I still had to pay the $50 a share - the bonus was if the price of stock went up. If I paid $50 for stock that market price was $80, then I made $30 a share. If the price went down, then the options were worthless. (I have two now in that category) So a boatload of stock options don't mean anything if the guy can't increase the stock price.

As far as CEO pay goes, most salaries are set by the board of directors, BUT, most boards are made up of CEOs from other companies, and like they say, what goes around comes around.

 

Faber, I can't argue your point "everyone, in every career, makes what the market will bear" My career is no different

You may be right, It doesn't sit well with me but Obvioulsy I'm in the minority opinion. Everyone else seems to think that executives making 6 million dollars a year have no residual effect on the things average guys like me purchase.

The only thing I can do is what I've always done, don't live beyond my means and keep my bills low.

If I had a white collar job I'm sure I would have a different opinion.