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General Ludd
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Minion of the Dominion
Aug 2001
time: 05:37
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quote:
Originally posted by Imran Siddiqui
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An organization doesn't need to make obscene profits to benefit society... take my previous example of non-profit organizations, for example - typically the most beneficial of all buisnesses. |
Yet even when they take obscene amounts of profits, they've benefited society. IBM has benefited society so much they should give them a freaking medal. |
You've completely lost track of the point... if a company benefits society, a person can believe in it. If a person believes in something, they don't need to be paided obscene amounts of money to be convinced to do it.
If a company has a good cause or is a benefit to society than the question "Who would want to be be a CEO if they didn't get paid a $10 million salary?" never need be asked.
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Do you consider AOL Time Warner, Oracle, and Microsoft (to name only a few) to be "mom&pop stores"? |
Time Warner?! It's kind of hard to be a managing partner of a law firm before becoming CEO without a college degree. Yes, CEO Richard Parsons was a managing partner in the firm of Patterson, Belknap, Webb & Tyler. His graduated from University of Hawaii and Union University's Albany Law School. |
I was refering to Ted Turner
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Ellison (Oracle) and Gates (Microsoft) are very different than what we are talking about and are the exception, not the rule. Both are the founders of their respective companies (ie, haven't been brought in by some Board to a massive salary) and created companies in a vastly new field which wasn't being taught sufficiently in universities. Both of them did indeed spend a few semesters at highly respected universities (Ellison at University of Illinois and University of Chicago and Gates at Harvard). Furthermore, since they created their companies and put together their massive empires, I think they deserve every penny they can get out of it.
Ellison and Gates are making the money they are because they founded those companies. If those will similar training want to form their own company, then they can go right ahead. But you seriously can't say they deserve as much as Ellison and Gates because they have the same training. Ellison and Gates have obviously shown greater skills. And how have they done so? By building their empires.
CEOs that are brought in, however, are highly educated and/or have demonstrated great skills (by running their own business). |
Oh, I see. Founding and running a company takes less training and skill than being hired into it as a CEO.
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General Ludd
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Minion of the Dominion
Aug 2001
time: 05:37
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quote:
Originally posted by Kucimonster
That analogy would be accurate, if sweet prepubescent poontang were something most people found desirable. |
What about all the "barely-legal" pornography where girls are dressed up to look like children? Or the pupularity of shaving the genitals for that... prepubescent look.
Last edited by General Ludd on 11-08-2005 at 02:46
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Flubber
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With a view of the Rockies
Aug 2000
time: 22:37
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quote:
Originally posted by pchang
I personally know quite a few CEOs, and I know that I work just as many hours as many of them for a fraction of the pay. I also have equivalent training and experience and in some cases, I have a better track record of managing companies, projects, and employees. |
The how come you are not in their jobs???
I think you need a better executive search type friend.
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Imran Siddiqui
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The Potterverse
Jan 1970
time: 00:37
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quote: originally posted by General Ludd
You've completely lost track of the point... if a company benefits society, a person can believe in it. If a person believes in something, they don't need to be paided obscene amounts of money to be convinced to do it.
If a company has a good cause or is a benefit to society than the question "Who would want to be be a CEO if they didn't get paid a $10 million salary?" never need be asked. |
 Just because something benefits society doesn't mean that people would just willingly join up with it because they believe in the cause. Case in point: taxes.
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Oh, I see. Founding and running a company takes less training and skill than being hired into it as a CEO. |
If you actually READ my post, you'd see that founding a company may take less training, but the running of successful company shows great, immense skill. Gates, Turner, Ellison are immensely skilled people, more skilled than a lot of CEOs that get hired in. That skill was manifested in their founding of their companies. Before that, how could you tell.
quote: originally posted by Sava
and from before... poor get richer? what kind of dumbass, fantasyland do you live in? |
It's called reality. Poor people today are much more well off than they were in the 1950s. The median income has increased, not gone down.
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General Ludd
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Minion of the Dominion
Aug 2001
time: 05:37
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quote:
Originally posted by Imran Siddiqui
quote: originally posted by General Ludd
You've completely lost track of the point... if a company benefits society, a person can believe in it. If a person believes in something, they don't need to be paided obscene amounts of money to be convinced to do it.
If a company has a good cause or is a benefit to society than the question "Who would want to be be a CEO if they didn't get paid a $10 million salary?" never need be asked. |
Just because something benefits society doesn't mean that people would just willingly join up with it because they believe in the cause. Case in point: taxes. |
Still missing the point, I'm afriad
I didn't say that everyone believes in something that benefits society - "benefit" is subjective. what i said is that if someone believes in something, they will work for it, and if a buisness is percieved to have a good cause or benefit society in some way, then there is going to be someone who believes in it, and they will thus be able to hire someone that doesn't believe solely in money and require a $10 million salary.
If a buisness that does not have a cause people can believe in outside of making obscene amounts of money, and does not have any percieved benefit to society, it does not deserve to exist.
Do they pay the IRS Commissioner $10 million? no? But who would want to do that job without such a salary - Just think... they have to collect the taxes of the entire country!@#!@#!1121`
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Gates, Turner, Ellison are immensely skilled people, more skilled than a lot of CEOs that get hired in. |
 But that's impossible, they didn't go through grad school, or even finish college!
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The fallacy was that a person who holds three jobs doesn't need signifigant training or skill. |
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Unless we are talking 3 corporate executive jobs or 3 law jobs or 3 medical jobs, they don't. Most people who do have 3 jobs haven't gone to grad school. They may not have even completed college (they probably haven't). |
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There are CEOs who haven't completed college, too... that's hardly any measure of the difficulty of the job(s) they are doing today. |
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Imran Siddiqui
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The Potterverse
Jan 1970
time: 00:37
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quote:
I didn't say that everyone believes in something that benefits society - "benefit" is subjective. what i said is that if someone believes in something, they will work for it, and if a buisness is percieved to have a good cause or benefit society in some way, then there is going to be someone who believes in it, and they will thus be able to hire someone that doesn't believe solely in money and require a $10 million salary.
Do they pay the IRS Commissioner $10 million? no? But who would want to do that job without such a salary - Just think... they have to collect the taxes of the entire country!@#!@#!1121` |
But the IRS Commissioner doesn't have to do that (ie, personally collect the taxes of the entire country). It'd be the threat of audit or suit by the IRS legal division which ensures collection. Oh, and being a government employee, chances are he puts in no more than 40 hours a week... since he's been working for the government  .
IBM, Apple, Dell, all are percieved as benefiting society. However, you don't have people that 'believe' in the cause to take a paycut to work at one of those companies. It's hard to say that people don't think these companies don't benefit society. Where are the people taking the pay cuts then?
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But that's impossible, they didn't go through grad school, or even finish college! |
Obviously people who are working 3 jobs haven't demonstrated the skills to be running a Fortune 500 company and they probably won't unless they run a company themselves. DUH!
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11-08-2005 01:56
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