Originally posted by: JS80
Originally posted by: Gulzakar
I swear, most of you on this board play the devils advocate...In fact, most of you are douche bags.
He's angry about the salary of CEO's and the shrinking middle class. Most of you tell him "stop whining, blah blah blah"...most likely because nobody cares what you say in real life. Honestly, give him a break, he's angry because he works hard and gets paid squat.
Let's say he does have a roof over his head and food in his belly, is it not ok for him to want more? I swear, most of you are pricks.
Bottom line,
Why does somebody deserve a 50 million dollar bonus? If what most of you are saying is true, then the receiver of this should be happy with a tiny fraction of it because he has a roof over his head.
If you work 120 hours a week and run a company that made $9 billion PROFIT, then yes, you deserve a $50 million bonus.
EXACTLY.
A lot of you that are bitching about how unfair life is don't know what fair is. I am an entrepreneur. I am very good at leadership, have a very versatile mind and I am an extremely hard worker. These are some characteristics of a CEO, which is one of the many roles I play.
CEOs bust their ass. They may take tropical vacations, own yachts, own 50 cars, own 3 houses, etc, but they work for it. Most CEOs have in worked through start-ups at times in their lives. When you are the CEO of a start up, you make every sacrifice, including pay. Imagine working 80-120 hours a week for 5 years
WITH NO PAY. Imagine not seeing your friends, not seeing your family, not listening to your Ipod or music in your car because you are on the phone all the time. Imagine no time for tv, no time to see your significant other, no time for leisure. This is the lifestyle many CEOs have lived. And after (likely) decades of incredibly hard work, it finally pays off. They bring a company to billions of dollars in sales. But since this company is public, imagine they only have 5% of equity. 5% is not very much, considering in past ventures, that same CEO could have had 50% or more equity. But nonetheless, if a CEO leads a company to billions of dollars in profit, they deserve their share. I bet that every fortune 500 CEO has worked harder than 95% of the American public. This is also why they are making 95% more than the American public.
Remember, if you worked 120 hours a week at a $10/hour job that paid 1.5X overtime, you'd bring down almost $80,000 a year.
So, before you criticize people who make more than you, think about it logically. Nobody would be paying these CEOs millions a year if they weren't truly worth it.