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> The kind of CEOs who get golden parachutes earn enough money in a single year to live a whole life on it without having a job again. You probably earn enough
by wtbob 10y ago
> The kind of CEOs who get golden parachutes earn enough money in a single year to live a whole life on it without having a job again.
You probably earn enough in a single year to live the rest of your life in a different part of the world, yet you continue to work, in part because you want your current standard of living.
Likewise, a CEO will want to continue to live at his current standard of living, or even better.
- Florin_Andrei 10y ago> a CEO will want to continue to live at his current standard of living, or even better Al Capone and the robber barons had the same goals.
- knodi123 10y agoThe only thing that matters is your annual income and your expenditures. If you earn 1x as much as you spend, you're staying afloat. If you earn 30x as much, then a year of work covers 30 years of retirement. The CEO of Kroger earned $13 million in his last year there, and called his own compensation "ludicrously high". I doubt he's spending a million a year, but even if he is, the ratio is indeed ludicrous. And he's nowhere near the high end for executive compensation. Are you suggesting that the average top-tier executive lives a lifestyle in the same proportion of their income as the average software developer, or blue collar worker, or...? Really?