Dismiss Notice
Join Physics Forums Today!
The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

How to make $4000 an HOUR!

  1. May 22, 2013 #1
  2. jcsd
  3. May 22, 2013 #2
    Complain to the boards of these companies if you own stock, they make the decisions. Don't blame the CEO. You'd take the money too.
     
  4. May 22, 2013 #3
    I wouldn't take that job at all. Not a chance. I value my life, time and family far too much.
     
  5. May 22, 2013 #4

    jim hardy

    User Avatar
    Science Advisor
    Gold Member
    2016 Award

  6. May 22, 2013 #5
    I was expecting this to be an add advocating for how stay-at-home mom's can make thousands of dollars at home while on the internet. Turns out there is no spam-bot that I can ridicule :frown:

    But yeah, corporations are incredibly corrupt. Old news, unfortunately.
     
  7. May 22, 2013 #6
    So, what salary do you think is fair for a CEO of a major corporation?
     
  8. May 22, 2013 #7

    jim hardy

    User Avatar
    Science Advisor
    Gold Member
    2016 Award

    Myself, i'd take their organization chart and multiply what they pay a line level worker by how many layers of management are in between line and CEO .

    A good CEO draws his org chart upside down; that is, apex(him) on the bottom and line level workers at top just one step below customer base.
     
  9. May 22, 2013 #8
    <$9.7million/yr

    I would hope that you agree with that, as well.

    But of course, a median can be skewed by outliers, like the CEO of CBS, who is making $60.3 million/yr. Regardless, they're making an absurd amount of money that is unreasonable in all accounts. I don't doubt that CEO's of major corporations undertake large amounts of responsibilities and pressure, and ought to be paid adequately, but the absurdity of the prices we're seeing is far more compensation than they ever deserve.
     
  10. May 22, 2013 #9
    by what standard ?
    what makes it absurd ?
    what makes it non deserving ?

    and also, why could i not apply your comment to your situation ?

    what's the differences from your situation and CEO's ?

    sounds a lot like a jealousy thing, IMO.
     
  11. May 22, 2013 #10
    The problem is, that is what the rest of the world thinks of us. We have set our minimum wage to be the top 10% highest income on the planet(link). A minimum wage worker in the US consumes more resources than the earth can support (link). Its easy to cast the criticism up, but your claim of absurdity just as much applies to you and me as it does to them. Thats the problem with arbitrarily deciding those who are richer than you get "more than they deserve". The bulk of humanity makes the same claims against us.

    Im happy to support high pay of CEOs in companies I own stocks of. When I do the math, giving them a pay cut and dividing out the saved money does not make much difference compared to the returns I am getting.
     
  12. May 22, 2013 #11

    MarneMath

    User Avatar
    Education Advisor

    The thing is I don't believe any stockholder who owns significant amount of stock in any company will ever be motivated enough to complain about CEO pay. I started my career in the business sector and one of the things you learn quickly is that image is nearly as important as the actual product. If company A pays their CEO 10 million per year and company B pays their CEO 10.5 million per year, and company A and B both are fighting for market share, the message company B is sending to investors is, "hey, look at us, we're obviously doing so much better than company A because we can afford to pay our CEO more!" It's really a stupid game of keeping up with the Joneses.
     
  13. May 22, 2013 #12

    Evo

    User Avatar

    Staff: Mentor

  14. May 22, 2013 #13
    Sorry AntiFreeze, does this make you feel any better? http://wpmu.org/wp-content/uploads/2012/07/trackback-spam.jpg

    This is my thought also. Is it fair if the company is healthy? Wouldn't it make the company look even better if the employees were paid more than the average joe?
     
  15. May 22, 2013 #14
    Sure it's ridiculous, but if you don't like it, discontinue use of that companies products. Otherwise it's none of your business. But no one will, because no one REALLY cares, they just like to complain and are jealous.
     
  16. May 22, 2013 #15
    Business is about money. A company doesn't care if it looks good if it's broke and shareholders wouldn't be happy if profits are being left at the table because a CEO wants the company to "look" good.
     
  17. May 22, 2013 #16

    WannabeNewton

    User Avatar
    Science Advisor

    If the people complaining were given the same opportunity to take the substantial salary, they would most probably take up the offer without a second's hesitation. People complain about the amount of money others make until they themselves have the opportunity to make that much, and suddenly the practice of manipulating people in the name of corporate greed is no longer a bad thing. This is nothing more than jealousy rearing its ugly head. When it comes to how people make money, smart business trumps ethics - money earnt legally is money earnt legally.
     
  18. May 22, 2013 #17
    exactly.
     
  19. May 22, 2013 #18
    exactly.
     
  20. May 22, 2013 #19
    The obvious difference being the "bulk of humanity" do not produce anywhere near as much value as "us". These CEO wages are greatly demotivating to employees, it is far more than anyone can reasonably spend in a year and are probably the result of backhand deals which hurt a company's profitability.

    Only way to justify this would be by explaining how American CEOs generate 20 times more value than European CEOs.
     
  21. May 22, 2013 #20

    BobG

    User Avatar
    Science Advisor
    Homework Helper

    So you're assuming CEO's work 40 hours a week? That assumption might be the first flaw in your calculations. The second flaw is whether pay/hour is even relevant for a CEO.

    Evo's list is more relevant. For a CEO, you should be getting paid for results; not for the hours you put in.

    Most Underpaid CEO's

    Most of these guys make less than the median, which makes sense, but it's the performance of their company that really makes them underpaid. Some of them make more than the median salary.

    Most underpaid: Jeff Bezos, who makes less than $2 million a year.

    Second most underpaid: Steve Jobs, who makes $1 a year. In other words, in comparison to Jeff Bezos, Steve Jobs is overpaid at even $1 a year!

    Yes, it's hard to believe that a single dollar per year wouldn't automatically make a CEO the most underpaid, but Jeff Bezos's Amazon performed better than Apple. The performance is more important than the actual salary by time you reach CEO level. (This is also the danger of accepting absurdly low compensation as a CEO. Do you really want to hear people say that at $1 a year, you're overpaid in comparison to even one other CEO?)

    And, by the way, outliers would skew the mean salary; not the median salary.
     
Know someone interested in this topic? Share this thread via Reddit, Google+, Twitter, or Facebook




Similar Discussions: How to make $4000 an HOUR!
  1. How to make coffee (Replies: 39)

Loading...