So, there is nobody that deserves more than 1 million per year, for any reason?
Noooo kidding. It is absolutely mindboggling. I have topped 70 hr/week for years (not currently) and I know for a fact that a ton of CEOs are working more than me, with more at stake, and more in question.
Its interesting if you think about it–and I can’t believe I am saying this given how much I have detested Trump–but if you follow business leaders and read on the subject you quickly come to the realization that the 12 midnight and 5 am tweets of Trump are completely in line with many of their timetables–get up at 4:30 or 5 am, answer business emails, review days operations reports/market reports, be at work by 6:30, work til 8 pm…etc. Trump has worked and may contnue to work those hours.
Not FUCKING way I would hold that schedule for a paltry 150,000 unless I had started the company…and then only because i want to build it to a point where I can rake in muuuch more in compensation.
Fuck, good doctors make more than 150,000 a year
At that point someone, small or not, could sell for lower than the large companies and sell more.
Not really. Earning $1M a year from a basic salary is a great incentive for innovation. It’s not like a regular guy would say ‘’$1M a year is just not enough, screw this I won’t do it’'. With $1M basic bros can have their Ferrari. Someone with ideas would still innovate after this because that’s what he likes to do.
Public services aren’t up to par anyway so if they are paid enough (I don’t really think it is the case everywhere) they should hire more people with the tax to give better service.
How many people get the minimum wage and how many people have kids in the USA? If only individuals alone could get the minimum wage.
That’s the thing in USA, you have a weird way of counting work hours.
It’s like the women you say you had sex with.
Divide by 2 or 3 + something.
I’ll give you 200 000$ if that’s better with you. Not 5 millions $. Or you can have 2 people sharing the job at 150 000$ each.
Another million for another year yes. But then you wouldn’t be working on your first thing and the first million would be gone.
But really if you can add 30 more american hours to your 70 american hours I’d give 1.2 million if you really want to.
Add in another 20 american hours (120 american hours): 1.25 millions
No, the small companies don’t do enough volume to make up the reduced margins.
You think limiting growth potential is incentive? [quote=“jasmincar, post:143, topic:224248”]
they should hire more people with the tax to give better service
[/quote]
The problem isn’t always promptness of service, which more people would provide, but quality of service. local government employees provide poor service because they have no skin in the game.
They can and do. On one side, and many will disagree with me, you shouldn’t reproduce if you can’t support yourself. For those that fall on hard times, fortunately there is social services to support them until they land on their feet.
One person at $300k is not equal to two people at $150k. Both Beans and USMCC tried to explain that earlier.
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What country are you from?
No chance in hell. And 2 people sharing the job is an AWFUL idea. The CEO is responsible, among other things, for casting vision and setting culture. 2 people would create more clashes and less cohesion in 99.9% of cases.
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I barely talk about myself and give any real information about me, that would put out all the fun in being in a forum. I’d say I let myself the time to post in forums. I don’t see how I would be able to do that with 70 real hours of work (means no fucking around).
It’s just in your culture to inflate your number of worked hours to give yourselves importance. Still I give it to you that you can’t support yourself in every situation with a full time job on minimum wage, so a lot of people have to have 2-3 of them. So yeah people end up working more than 70 hours a week in the USA. .
You can still find good people for way less that 5 millions a year. I agree 150 000$ is a bit low in that case since plenty of professionals are making 150 000$ a year.
Somehow I don’t see how one five million guy is better than let’s say 3 or 4 250 000$ guys who are 95% as good. They can share some tasks you know. I guess that’s part of what they say to justify their 5M$: only them alone can ‘‘cast a vision’’ and you are a clown.
You’re a pretty arrogant fuck. Turns out you’re also wrong, so go figure. Funny how often those things go hand in hand.
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A large company could continue selling lower or a small company that still sell low could become bigger. This isn’t supposed to be a cartel.
I don’t see the problem that one guy could only make 1M$/year and not 10M$. It’s better to have more smaller economic pyramids around than fewer big ones.
Not always true.
I agree about the part that you shouldn’t reproduce if you can’t support yourself, but I am not sure about the rest.
Nah I am pretty sure you like to inflate a bit.
How can you make such a firm value judgment?
It will be interesting to see the data in 2017 with the SEC’s new filing rule. It will be especially interesting to see the breakdown of the average CEO’s compensation package.
It’s also worth noting that such a small percentage of businesses are even public (less than 4K) so we still won’t have a complete picture.
Another thing to consider is that this conversation always leans towards the very small percentage of CEOs at the largest publicly traded corporations that have the most significant comp packages. Your McDonalds and Walmarts. We tend to forget about the CEO’s that oversee much smaller enterprises making less than $1M/ year in total comp.
How much more should be plowed back into workers that stand in a location, pick inventory, and place said inventory on a conveyor system? I ask because we’ve got about a 1,000 such employees and a few thousand more that do the same thing; except, they use a fork truck to do it.
Agreed.
@jasmincar thanks for the laugh this morning.
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Sorta like how you think you’re the equivalent of a CPA in your field having graduated from college a whole 2 years ago…
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Good reminder!
I forgot about this…
This guy was ready to “hire a hacker” to help him get around his University’s academic scheduling procedure because he hadn’t planned appropriately to get his schedule lined up to complete his degree in expeditious fashion.
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Yep, that’s exactly the quality of person I want telling me how to fix the economy. Somebody who was contemplating criminal enterprise
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Theoretically, there are companies with “values” other than profit alone.
A totally made up one could be the Granola Company that donates a chunk of its money for a Beaver Sanctuary.
Or a credit union that pays out dividends to its members, instead of bonuses to executives.
Or a beer brewery owned by the employees.
Is the an attempt by Portland to attract these sorts of businesses? Portland has a Greenbelt to limit sprawl, everybody rides bicycles. They have a “plan” for the city. Is this law designed to attract hippie business and discourage “Cut Throat” Capitalists? With no high roller CEO’s, Portland won’t become like a Silicon Valley, ultra expensive place to live?
Here you go:
Move to California and make $14/h ($28K) - $20/h ($40K) with a high school diploma. There’s opportunity all over the place if you’re willing to work hard.
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I’m not sure the goal of this is to attract new companies, it seems to apply to any company that just “does business” in Portland. The main ones its trying to punish with a higher tax are not even based there.