4 ms·

Yes, but they have 9 to 5, low stress jobs. I want the CEO of a company I work for/invest in etc. to be focused on the business, not saving. I want them to fe

Yes, but they have 9 to 5, low stress jobs. I want the CEO of a company I work for/invest in etc. to be focused on the business, not saving. I want them to feel good about their personal expenses so they can focus on the business.

philwelch 15y ago
I really can't understand this kind of lack of perspective. Ask your waitress, or barista, or the guy that changes your oil sometime if they have a "9 to 5, low stress job". Because they don't. And no one's paying them $150,000 a year--more than three times the median household income in the United States--to make them feel better about it.
- wtvanhest 15y ago
  I do not have a lack of perspective. I have been a server, a security guard, worked for minimum wage at a beagle shop etc. Now my job is much better than those jobs, but I still remember how "tough it was". It was tough in the sense that stress came from uncertainty in paychecks and in social status. But, that type of stress does not compare to being the CEO of even a small company. If you make $100k in most cities that is pretty good, in SF or NY $100k a year means you have roommates. Do you want the CEO of a company that has the potential to make billions of dollars for investors to worry about who's turn it is to clean the kitchen? Of course not, that is the most ridiculous thing I have ever read. It literally makes zero sense.
  - philwelch 15y ago
    Median family income in San Francisco is just over $81k. Almost twice that for an individual is comfortable. Make it work. Believe it or not, you can get the job done without being coddled with luxury.
  - bearmf 15y ago
    You do not need roommates at $100k in Manhattan. You might get one if you feel lonely though.
- wtvanhest 15y ago
  You are not addressing the most important point: Why do you want a CEO of a company who has investors' money, employee's livelihoods and the possibility to improve the world living with roommates, cooking his/her own food to save money, and wasting time when that CEO could be 100% focused on the business? I'm not advocating we pay him/her $500,000/year, but $150,000 is very fair.
  - philwelch 15y ago
    My criticism is with people who say 150k is too little. I think it's a fair ceiling.
    - wtvanhest 15y ago
      Understood. In most cases that is more than enough, I could imagine scenarios where it wouldn't be.

philwelch 15y ago

I really can't understand this kind of lack of perspective. Ask your waitress, or barista, or the guy that changes your oil sometime if they have a "9 to 5, low stress job". Because they don't. And no one's paying them $150,000 a year--more than three times the median household income in the United States--to make them feel better about it.

wtvanhest 15y ago
I do not have a lack of perspective. I have been a server, a security guard, worked for minimum wage at a beagle shop etc. Now my job is much better than those jobs, but I still remember how "tough it was". It was tough in the sense that stress came from uncertainty in paychecks and in social status. But, that type of stress does not compare to being the CEO of even a small company. If you make $100k in most cities that is pretty good, in SF or NY $100k a year means you have roommates. Do you want the CEO of a company that has the potential to make billions of dollars for investors to worry about who's turn it is to clean the kitchen? Of course not, that is the most ridiculous thing I have ever read. It literally makes zero sense.
- philwelch 15y ago
  Median family income in San Francisco is just over $81k. Almost twice that for an individual is comfortable. Make it work. Believe it or not, you can get the job done without being coddled with luxury.
- bearmf 15y ago
  You do not need roommates at $100k in Manhattan. You might get one if you feel lonely though.
wtvanhest 15y ago
You are not addressing the most important point: Why do you want a CEO of a company who has investors' money, employee's livelihoods and the possibility to improve the world living with roommates, cooking his/her own food to save money, and wasting time when that CEO could be 100% focused on the business? I'm not advocating we pay him/her $500,000/year, but $150,000 is very fair.
- philwelch 15y ago
  My criticism is with people who say 150k is too little. I think it's a fair ceiling.
  - wtvanhest 15y ago
    Understood. In most cases that is more than enough, I could imagine scenarios where it wouldn't be.