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That would be true if we only looked at his salary, but it appears he makes an order of magnitude more[1]. 1: https://www.bbc.com/news/business-58352098 https:
by blacksmith_tb 5y ago
That would be true if we only looked at his salary, but it appears he makes an order of magnitude more[1].
1: https://www.bbc.com/news/business-58352098 https://www.bbc.com/news/business-58352098
(edited for a more reputable source)
- kube-system 5y agoI've always thought that it was dishonest to include non-monetary compensation in statements like "they make [x] amount of dollars, they can afford to [y]". Usually, to buy [y], you need cash.
- lern_too_spel 5y agoCash is easy to get by borrowing against assets.
- kube-system 5y agoThis is true for some people, some assets, and some amounts of money. Regardless, for the super-rich, they have enough cash that people can make more honest apples-to-apples comparisons with the same effect.
- lern_too_spel 5y agoParticularly for stock assets, where margin interest is less than 1% for large accounts.