4 ms·
$400K...you are the CEO...you gotta get paid like one. In reality it's how much you can afford. If you don't need money..pay yourself $1. If you need $15K to l
by vaksel 16y ago
$400K...you are the CEO...you gotta get paid like one.
In reality it's how much you can afford. If you don't need money..pay yourself $1. If you need $15K to live on...pay yourself $15K.
At least until the company is profitable.
Once it's significantly profitable, you can afford to pay yourself more.
- blacksmythe 16y agoCEOs of small companies don't make $400k. CEOs that have run a successful business before might make $250k-$300k in Silicon Valley (a high salary area, to be sure). $250k would probably be the high end for a CEO of a 30 person company, if the CEO had not had a major success before.
- lanstein 16y agoI think you missed the humor.
- blacksmythe 16y agoI apologize. My take was that the job of running a 30 person company was being equated with running Enron. Actually, someone who can successfully run a 30 person company is worth more.
- philwelch 16y agoThis isn't the first time I've said this, but "CEO" sounds like a pretentious title for the head of a <= 30 person company.
- mikeklaas 16y agoSure, but what would you suggest we call the guy who is in charge of a 30-person company, then?
- DrJokepu 16y agoHere in England, it's called a Director.
- staunch 16y agoIn the US a "director" is anyone on the board of directors.
- pmjordan 16y agoThat's true for UK companies too - there can be (and often are) multiple directors. In fact, unless there were a lot of founders, I'd expect all of them to be directors, at least initially.
- chrisaycock 16y agoEngland has "managing director" for the CEO.
- philwelch 16y ago"President" used to be the standard for smaller firms. (Used to be the standard for all firms, actually, until "CEO" was invented.)
- wlievens 16y agoGeneral Manager