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01-07-2009, 11:18 AM
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#26 | | Banned (ABWS)?
Join Date: Oct 2004 Location: Vancouver
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Originally Posted by asian_XL  by the time you make 1 million + a year, you are aiming more than a porsche...
probably a trip to space or buy an island off shore or a private jet or spend money on Zhang ZiYi | Would you spend money to touch her bum or lie on top of her back to block the sun? I wouldn't. lol
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01-07-2009, 11:36 AM
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#27 | | WOAH! i think Vtec just kicked in!
Join Date: Feb 2005 Location: Bowen Island
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I'm sick of hearing people with less education whine about people's salaries at the top. Corporate salaries grew along with demand from company boards and shareholders for a return on investment - if your company goes down, everyone with a vested interest goes down. This is why a CEO usually has a salary, and then stock options and bonuses of a multiple of the salary figure - if he does a good job, he gets more.
The amount is simply a reflection of the market value of the company and also the corporate culture of the west - our laws have allowed salaries to balloon up to these amounts and its completely legal unlike Japan where the JAL CEO earns less than his pilots.
Anyhow I'm going off on a tangent. Rant over.
If you have a shitty salary, go and shoot yourself. Don't hate the player, hate the game!
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01-07-2009, 12:24 PM
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#28 | | My homepage has been set to RS
Join Date: Feb 2002 Location: Liberty City
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after the holidays, aren't people depressed mostly? we need good news, not this shiet.
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01-07-2009, 08:40 PM
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#29 | | Need my Daily Fix of RS
Join Date: Jan 2008 Location: calgary
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Originally Posted by achiam Corporate salaries grew along with demand from company boards and shareholders for a return on investment - if your company goes down, everyone with a vested interest goes down. This is why a CEO usually has a salary, and then stock options and bonuses of a multiple of the salary figure - if he does a good job, he gets more. | If he does a bad job, he gives himself a bonus anyways.
And if things go really bad, he gets bought out for millions of dollars severance.
Don't kid yourself that the salaries are "supply and demand". It was enough people realising that they are writing their own fucking checks and decided to pay themselves as much as possible.
Of course it helps that the board members of one company are usually CEOs of other companies, and vice versa.
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01-07-2009, 09:43 PM
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#30 | | RS controls my life!
Join Date: Jul 2004 Location: B.C., Canada
Posts: 759
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Originally Posted by asian_XL by the time you make 1 million + a year, you are aiming more than a porsche...
probably a trip to space or buy an island off shore or a private jet or spend money on Zhang ZiYi | Unless you're not into material goods.
My mom's friend is very wealthy and instead of driving around in a Ferrari, he chooses to drive a 1994 Toyota with over 300,000 KM. He also does all of the repairs/work on his Toyota and him and his wife live in a modest town home in the Valley. Of course if it were me, I'd be driving a Bugatti Veyron :P.
On topic:
All of the people complaining about the unfair wages these CEOs make, I'd like to see one of you last a single day in their life at the office. Good CEOs are the first ones in the office and the last ones out. They may enjoy some fantastic benefits but they also sacrifice a lot for their job. Not to mention, they are typically very highly educated, intelligent, creative, and they have a considerable amount of knowledge in their chosen field and the general world of business.
While I don't support CEOs taking home millions upon millions of dollars if the company is doing poorly (like several of the now bankrupt American companies, ex. Lehman Brothers), I do believe the CEO should be rewarded for a job well done if the company is doing well.
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01-08-2009, 12:30 AM
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#31 | | Ubereem Mod
Join Date: Mar 2002 Location: Richmond
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Originally Posted by ToyotaPowah if the company is doing well. | Your last line is right there. i don't mind the compensation if the market is great.
Example:
If they are laying off 7000 people, and still getting 15million a year.
F-Off. he should deduct 5% of each person he lays off, off his salary.
lay off 7000 people @ 40k = 14million dollars wage lost in salary for him. So the company saves 14 extra million when they are trying to trim expenses.
__________________ Quote:
Originally Posted by Culture_Vulture sometimes I like to use kindergarten art class scissors to cut my pubes | | |
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01-08-2009, 11:37 AM
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#32 | | Rs has made me the man i am today!
Join Date: Dec 2001 Location: n/a
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Originally Posted by ToyotaPowah On topic:
All of the people complaining about the unfair wages these CEOs make, I'd like to see one of you last a single day in their life at the office. Good CEOs are the first ones in the office and the last ones out. They may enjoy some fantastic benefits but they also sacrifice a lot for their job. Not to mention, they are typically very highly educated, intelligent, creative, and they have a considerable amount of knowledge in their chosen field and the general world of business.
While I don't support CEOs taking home millions upon millions of dollars if the company is doing poorly (like several of the now bankrupt American companies, ex. Lehman Brothers), I do believe the CEO should be rewarded for a job well done if the company is doing well. | +1
Average Joe gets upset because he'll never make that kind of money. Average Joe will never make that kind of money for a good reason: Average Joe is an idiot.
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01-08-2009, 07:43 PM
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#33 | | Need my Daily Fix of RS
Join Date: Jan 2008 Location: calgary
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Originally Posted by Gt-R R34 Your last line is right there. i don't mind the compensation if the market is great.
Example:
If they are laying off 7000 people, and still getting 15million a year.
F-Off. he should deduct 5% of each person he lays off, off his salary.
lay off 7000 people @ 40k = 14million dollars wage lost in salary for him. So the company saves 14 extra million when they are trying to trim expenses. | Which is ironic because in tough times, many CEOs actually get paid more based on how many people they can get rid of while not ruining the company completely.
Stop being a hater  | |
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