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Originally Posted by maleficent
When I worked at the brokerage firm, the ceo didn't come close to working 40 hours a week - they worked more like 60 -70 or more hours a week...
PLUS -- even at a low rate of 10 percent (and that's lowballing - so I can figure out the percentage easily) he would have paid 2.5 million dollars a year in taxes... there are people who won't pay that over their lifetime... Think about that..
I dont care what these people get paid, as far as I am concerned, they are taking the risks, they take the rewards... I object to people getting paid to leave a company (same way I object to welfare and other entitlement programs)
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So, you're okay with the guy getting paid 25 million a year? I'm all for people getting ahead and being paid what they're worth, but don't you think $25 million is a bit...excessive?
It's not like this guy is handling dangerous chemicals in an attempt to cure cancer or kill off the AIDS virus. He's not braving the cold frontier of space to settle new worlds for future generations. He's working in an office. And while I'm sure the stress of running such a large company is tremendous, I don't really think it's worth $25 million.
By the way, under the guaranteed contract this guy is going to earn $25 million dollars this year (he'll probably earn more, like OKFU0 said, he wouldn't turn down $25 million unless he knows he can do better.)
In one year he'll make about 5 times what a taxpayer earning $100,000 a year will earn in a lifetime (47 (18-65 years old) * 100,000 = 4,700,000, right?)....think about that.