4 ms·

Nobody makes a salary of 100k per month. That is $1.2 million per year. The CEO of IBM, a company that had revenues of $80 billion in 2015, made salary of $1.

Nobody makes a salary of 100k per month. That is $1.2 million per year. The CEO of IBM, a company that had revenues of $80 billion in 2015, made salary of $1.6 million in 2015.[1] If you want to include stock or options or a revenue share or bonuses or whatever go ahead - but that's not salary and your figures are completely, utterly ridiculous. >That said, even a monthly salary of 100k+ per month isn't completely crazy yes it is. [1] http://www.businessinsider.com/ibm-ceo-ginni-rometty-gets-a-raise-2015-1 http://www.businessinsider.com/ibm-ceo-ginni-rometty-gets-a-...

coldtea 11y ago
>Nobody makes a salary of 100k per month. That is $1.2 million per year. The CEO of IBM, a company that had revenues of $80 billion in 2015, made salary of $1.6 million in 2015. Actually lots of people do. In TV, for example, even for a small European countries, such as that I know of, you can make like $500K per year if you're one of the 20-30 "stars" of the various network channels (head presenter, show host etc). In the US: "In the depths of the recession in 2009, there were still 236,883 individuals who earned more than $1,000,000 in the United States. We know from other research that, by rough estimates, 90 out of 100 men and women reaching this income level are self-made with little to no inheritance. Almost all have college degrees. Men dominate the field, and almost all own or started their own business or work as an executive for a large business". I wouldn't call 230,000 people "nobody".
- rveeblefetzer 11y ago
  In the US news business, $100k/month is strictly the domain of TV on-screen personality presenters; i.e., not the reporters, but network affiliate anchors who are referred to in-house as 'the talent'. Absurd sums of money when you look at the rest of the newsroom staff salaries, but this is all about ratings, sweeps and very local/regional popularity.
Alex3917 11y ago
> Nobody makes a salary of 100k per month. The founder of the last startup I worked at made 100k per month and wasn't even the CEO, and that was pre-product and pre-revenue. He just raised a bunch of money on a pitch deck. I'm definitely not saying that's common, but it's not unheard of either. Inside Silicon Valley there's a tightly prescribed set of norms that tend to be followed, but outside of there money tends to change hands a lot more quickly and fluidly. That's the benefit of being in a place like NYC, because people tend to be motivated more by self-interest rather than by trying to look cool or fit in, so it's a lot easier to pitch folks on stuff if you find a novel but rational opportunity.
- logicallee 11y ago
  I find it very hard to believe that was a a base salary. (Of course, I could be wrong.) Of course it's possible to make a lot more than that! Just not as a salary. It would be interesting to know the details of their package. Also, how come you happened to know?
  - coldtea 11y ago
    http://www.joshuakennon.com/how-many-people-earn-more-than-1000000-per-year-in-the-united-states/ http://www.joshuakennon.com/how-many-people-earn-more-than-1...
  - deleted 11y ago
    [deleted]
  - Alex3917 11y ago
    I know because it was publicly traded. (They raised a bunch of money and then bought a shell company.) That wasn't the exact base salary, but that was basically total compensation not including stock. (So including a few hundred thousand dollars per year in an expense account and an additional couple hundred thousand for serving on the board.)

coldtea 11y ago

>Nobody makes a salary of 100k per month. That is $1.2 million per year. The CEO of IBM, a company that had revenues of $80 billion in 2015, made salary of $1.6 million in 2015. Actually lots of people do. In TV, for example, even for a small European countries, such as that I know of, you can make like $500K per year if you're one of the 20-30 "stars" of the various network channels (head presenter, show host etc). In the US: "In the depths of the recession in 2009, there were still 236,883 individuals who earned more than $1,000,000 in the United States. We know from other research that, by rough estimates, 90 out of 100 men and women reaching this income level are self-made with little to no inheritance. Almost all have college degrees. Men dominate the field, and almost all own or started their own business or work as an executive for a large business". I wouldn't call 230,000 people "nobody".

rveeblefetzer 11y ago
In the US news business, $100k/month is strictly the domain of TV on-screen personality presenters; i.e., not the reporters, but network affiliate anchors who are referred to in-house as 'the talent'. Absurd sums of money when you look at the rest of the newsroom staff salaries, but this is all about ratings, sweeps and very local/regional popularity.

Alex3917 11y ago

> Nobody makes a salary of 100k per month. The founder of the last startup I worked at made 100k per month and wasn't even the CEO, and that was pre-product and pre-revenue. He just raised a bunch of money on a pitch deck. I'm definitely not saying that's common, but it's not unheard of either. Inside Silicon Valley there's a tightly prescribed set of norms that tend to be followed, but outside of there money tends to change hands a lot more quickly and fluidly. That's the benefit of being in a place like NYC, because people tend to be motivated more by self-interest rather than by trying to look cool or fit in, so it's a lot easier to pitch folks on stuff if you find a novel but rational opportunity.

logicallee 11y ago
I find it very hard to believe that was a a base salary. (Of course, I could be wrong.) Of course it's possible to make a lot more than that! Just not as a salary. It would be interesting to know the details of their package. Also, how come you happened to know?
- coldtea 11y ago
  http://www.joshuakennon.com/how-many-people-earn-more-than-1000000-per-year-in-the-united-states/ http://www.joshuakennon.com/how-many-people-earn-more-than-1...
- deleted 11y ago
  [deleted]
- Alex3917 11y ago
  I know because it was publicly traded. (They raised a bunch of money and then bought a shell company.) That wasn't the exact base salary, but that was basically total compensation not including stock. (So including a few hundred thousand dollars per year in an expense account and an additional couple hundred thousand for serving on the board.)