6 ms·
Nice framing. Or it’s to get paid for bearing all of the risk of starting and running the business, and being financially on the hook for when it fails and get
by zthrowaway 5y ago
Nice framing.
Or it’s to get paid for bearing all of the risk of starting and running the business, and being financially on the hook for when it fails and gets to deal with years of being sued.
- tafox 5y agoExactly. Just like the financial crisis. All those big CEOs getting caught on the hook.
- ChrisMarshallNY 5y agoCEOs and business owners are often not the same thing. The CEO is someone that is hired by the owners, to run the company. They may make good money, but they are paid peanuts, compared to the real owners (stockholders).
- adwn 5y agoThose CEOs weren't business owners, and especially not SMB owners.
- smsm42 5y agoDefinitely a fair comparison between a S&P100 bank CEO dining with the president regularly and a corner taqueria owner struggling to meet the payroll.
- delusional 5y agoYou did indeed find the point. Think about the "framing" the next time you hear people talk about "entitled free-loaders" refusing to work because they get the government cheese.
- imtringued 5y agoThe problem is that they do not want to be financially on the hook. They keep the good years and spread the costs of the bad years onto their employees.
- ChrisMarshallNY 5y agoThis is true. I consider that bad practice, but many others see it differently. I am a big believer in having a "rainy day fund," but that doesn't happen, when Louis Vuitton comes out with a new $20K handbag...