Quote:
|
Originally Posted by Tully Mars
What I don't get is 500X pay. Sorry unless you're making every shareholder a ton of cash it's bullshit. It's even more bullshit if you're actions actually lose money. It's bullshit on top of bullshit if you're losing the shareholder's money and laying people off right and left.
|
And then the company fails. Poor management.
Lets say everything I said was wrong about high end CEO's, completely. It still doesn't get into the why it matters. What does it matter if some guy made 100 million dollars doing a shit job?
When I was making 8000 a year 7 years ago, and that plus my wifes secretarial salary is what we lived on, those guys didn't have an effect on me, what we could do, what we needed, or how happy I was. Their money didn't affect my health care, my car, our entertainment. Hell as happy goes we were just as happy then as now, maybe more happy now but thats kid related not money.
Why should I
care what some overpaid CEO makes, its not my money to decide how its spent, and if they spent it wiser I'd still have been lower middle class economically. It might matter if my wifes company went belly up, and it wasn't a small company, but the CEO was the owner, its his money to spend, poorly or wisely. If she lost her job she could have found a new one, unemployment wasn't an issue then or now.
What I get from a lot of people on this is two things. One is their sense of fairness is violated and they want things to be 'fair' in their own eyes. Its not fair that someone makes millions while someone else is laid off, therefore that shouldn't be allowed. The other is just old fashioned jealousy. Its not fair that 'I' don't have millions, so no one else should either.
Perhaps the hardest lesson for me to learn in my 20's was not being concerned about others success, not being jealous of those who had more or got it easier, and being happy for people who succeed. I don't think most actors, athletes, or some CEO's deserve what they make in relation to what they do, but but good for them, I'm not going to legislate that they shouldn't.
Its actually a very nice place to be. It means I'm happy when I'm making very little money, I'm happy when I'm making a lot, and I'll be happy for the next several months when I'll have to cut back to school spending levels. I won't be happy if this new venture fails, but I'll still be happy over all.