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An average CEO though could be spending three times what you spend for clothes. I used to have a conversation like this some twenty years ago when I worked at a
by elorant 6y ago
An average CEO though could be spending three times what you spend for clothes. I used to have a conversation like this some twenty years ago when I worked at a big multinational company and one of my coworkers at that time was earning like 3 times my salary. His expenses for doing his work were a lot more than mine. He was in marketing so appearances did matter, I worked at programming and could go to work with jeans and a t-shirt. That's the thing with the corporate world, the higher in the ladder you are, the more of a presence you have to preserve.
- throw1234651234 6y agoDoesn't matter, at all. 1. You can always take it all and leave. The CEO can take more. 2. The CEO is more insulated from the world - he/she can afford health care for themselves and their family. They drive newer cars which are safer. They live in areas with less crime and more building codes, etc. The point is that there is noticeable comfort/safety increase for these expenses.
- ggggtez 6y agoLet's not be so foolish as to think that CEOs actually spend all their money. Even the average silicon valley engineer is dumping a large portion of their pay into investments. Bill Gates has so much money, he can afford to eradicate diseases off the face of the planet. I don't care how much he spent on his silk tie, you're not even talking about the same ballpark. Expenses mean nothing at that level.