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> Given that airlines have low profit margins Low profit margins but companies like United can pay their CEO ~20MM?
by hiatus 2y ago
> Given that airlines have low profit margins
Low profit margins but companies like United can pay their CEO ~20MM?
- jmye 2y agoWeird thing to focus on. What do you think their profit margins would be with a $10 CEO, and why?
- School-Cotton 2y agoErm… yes? What fraction of United’s total revenue do you estimate 20 million dollars is?
- hiatus 2y agoWhy would we look at revenue? I can sell a dollar for 90c and have very high revenue. The CEO's salary is ~2% of profits. Their profit margins were ~5%.
- School-Cotton 2y agoAssuming your numbers are accurate, if they magically were able to pay their CEO $0, their profit margins would be 5.1% instead of 5%. What's your point exactly? How does this address my point that airlines are extremely price-competitive and will continue to be so?
- deleted 2y ago[deleted]