3 ms·

Do you consider building (and possibly selling) a business "not to have earned it"?

hinkley 10y ago
Have you worked at any of those businesses? They are built largely on convincing the day-to-day workers to sacrifice for a vision, a vision whose benefits will only come back to them in a small way. And most of what they're selling, when they sell the company, is the employees. You're being traded for big stacks of cash. Which you will never see, no matter how many late nights and weekends you put in (btw, the owner will never be there on those weekends)
- gregatragenet3 10y ago
  It's a free country. If you feel like you are not compensated adequately for those nights and weekends, then refuse to work them.
  - setpatchaddress 10y ago
    Then you get fired. Then you sue the company. Then you won't get hired by another company, regardless of the outcome of that lawsuit. I personally am very well compensated by the company I work for; my work is meaningful to a large population; I don't mind working weekends when the managers fuck up the schedule planning. But not everyone is that lucky.
    - argonaut 10y ago
      Firstly, gregatragenet is saying you should leave a company if you don't feel like you're being paid enough (with the implication being you asked for a raise and were denied), or feel like too much is demanded of you. Which is correct. Not sure why you would disagree there. Also not sure why you would sue the company over that.
MrTonyD 10y ago
Have you actually looked into the background of the tens of thousands of Senior VP's at companies? Their background is usually Harvard or Yale or Stanford and studying Finance or Business so that they would get executive positions where they would use the fruit of others labors to enrich themselves - just as the rich have always done. All the innovators I've ever met or worked with were getting a salary and grateful for stock that rarely passed a million or two. (Or are you unaware that the United States now has less innovation than many other advanced countries? It is entrenched wealth and market power that enables these companies to control sales and distribution.)
EliRivers 10y ago
The system governing the creation of new super-rich is effectively a lottery. It runs on exactly this hope; that it's possible to get back vastly, incredibly disproportionately more than you put in, stupefyingly out of all proportion to the risks and commitment that you made, and that if you're the right person in the right place at the right time, and you get lucky, you'll be one of the lottery winners. The whole point is not to "earn" these winnings; it's to win them. There's a big difference between the 0.1% winners, and people who spend thirty years painstakingly building a business.

Have you worked at any of those businesses? They are built largely on convincing the day-to-day workers to sacrifice for a vision, a vision whose benefits will only come back to them in a small way. And most of what they're selling, when they sell the company, is the employees. You're being traded for big stacks of cash. Which you will never see, no matter how many late nights and weekends you put in (btw, the owner will never be there on those weekends)

gregatragenet3 10y ago
It's a free country. If you feel like you are not compensated adequately for those nights and weekends, then refuse to work them.
- setpatchaddress 10y ago
  Then you get fired. Then you sue the company. Then you won't get hired by another company, regardless of the outcome of that lawsuit. I personally am very well compensated by the company I work for; my work is meaningful to a large population; I don't mind working weekends when the managers fuck up the schedule planning. But not everyone is that lucky.
  - argonaut 10y ago
    Firstly, gregatragenet is saying you should leave a company if you don't feel like you're being paid enough (with the implication being you asked for a raise and were denied), or feel like too much is demanded of you. Which is correct. Not sure why you would disagree there. Also not sure why you would sue the company over that.

MrTonyD 10y ago

Have you actually looked into the background of the tens of thousands of Senior VP's at companies? Their background is usually Harvard or Yale or Stanford and studying Finance or Business so that they would get executive positions where they would use the fruit of others labors to enrich themselves - just as the rich have always done. All the innovators I've ever met or worked with were getting a salary and grateful for stock that rarely passed a million or two. (Or are you unaware that the United States now has less innovation than many other advanced countries? It is entrenched wealth and market power that enables these companies to control sales and distribution.)

EliRivers 10y ago

The system governing the creation of new super-rich is effectively a lottery. It runs on exactly this hope; that it's possible to get back vastly, incredibly disproportionately more than you put in, stupefyingly out of all proportion to the risks and commitment that you made, and that if you're the right person in the right place at the right time, and you get lucky, you'll be one of the lottery winners. The whole point is not to "earn" these winnings; it's to win them. There's a big difference between the 0.1% winners, and people who spend thirty years painstakingly building a business.