4 ms·

A great employer. Appreciate the employees. But one big question, if he ever do this , will he feel satisfied with his income in future?

by JohnLen 11y ago

lotsofmangos 11y ago
One of the few things that money genuinely cannot buy is the satisfaction of proving to yourself that the lustre of a shiny coin is not what rules you.
- meric 11y ago
  You can - withdraw all your money as bank notes and convert to gold bullion coins in suitcases, sail in a hired boat to the middle of an ocean, drop suitcases into the ocean. Sail back to port, yell "The lustre of a shiny coin is not what rules me!". Or do what this CEO did and buy it using a reduction of income.
  - lotsofmangos 11y ago
    You could say that turning down or throwing away money is purchasing the experience of turning down or throwing away money, but I think that is stretching the definition somewhat. Buying tends to usually involve an exchange of items of value with another entity, rather than not exchanging anything or dumping gold in the sea. By your definition, it would seem I purchase my sleep by not working while unconscious, which is obviously ridiculous. Just because you can look at something as a financial loss, whether it is something of value being destroyed or an opportunity to profit not taken, does not automagically mean that something was therefore purchased.
    - meric 11y ago
      It was meant to be a humorous post, but I'm glad you humoured me anyway. Let's do this. By your definition, it would seem I purchase my sleep by not working while unconscious, which is obviously ridiculous. My definition of buying means giving up tangible goods, i.e. gold, money, shares, in return for a change in the world (e.g. receiving a massage). So, to exchange time for sleep would not fit as your time is not a tangible good. And since you require sleep to work, it would be more accurate to say you earn the ability to work by sleeping. I stipulate no buying is involved. Opportunity cost does not necessarily mean buying. Exchanging a tangible good for something else does. I suppose where your definition and mine differ, is in your definition you require a sentient seller, and in mine the seller could be non-sentient, or could be metaphorically represented by a collective of gold owners who would benefit from you losing your gold to the ocean.
      - lotsofmangos 11y ago
        To buy something I definitely think requires a sale and an implicit contact between two parties. Also, it is perfectly possible to buy something with your time, tangibility is not required for something to be purchased, definability for the purposes of the contractual arrangement is the important bit.
onion2k 11y ago
That's the wrong question. The right question is "Will he be more satisfied with a million dollar salary or a company full of employees whose lives he knows he's making better?"
- spacemanmatt 11y ago
  If I owned a company such that my livelihood and retirement were basically covered (I don't need a mansion) I would probably take a similar approach to investing in people. They are more valuable to me.

A great employer. Appreciate the employees. But one big question, if he ever do this , will he feel satisfied with his income in future?

by JohnLen 11y ago

A great employer. Appreciate the employees. But one big question, if he ever do this , will he feel satisfied with his income in future?

lotsofmangos 11y ago

One of the few things that money genuinely cannot buy is the satisfaction of proving to yourself that the lustre of a shiny coin is not what rules you.

meric 11y ago
You can - withdraw all your money as bank notes and convert to gold bullion coins in suitcases, sail in a hired boat to the middle of an ocean, drop suitcases into the ocean. Sail back to port, yell "The lustre of a shiny coin is not what rules me!". Or do what this CEO did and buy it using a reduction of income.
- lotsofmangos 11y ago
  You could say that turning down or throwing away money is purchasing the experience of turning down or throwing away money, but I think that is stretching the definition somewhat. Buying tends to usually involve an exchange of items of value with another entity, rather than not exchanging anything or dumping gold in the sea. By your definition, it would seem I purchase my sleep by not working while unconscious, which is obviously ridiculous. Just because you can look at something as a financial loss, whether it is something of value being destroyed or an opportunity to profit not taken, does not automagically mean that something was therefore purchased.
  - meric 11y ago
    It was meant to be a humorous post, but I'm glad you humoured me anyway. Let's do this. By your definition, it would seem I purchase my sleep by not working while unconscious, which is obviously ridiculous. My definition of buying means giving up tangible goods, i.e. gold, money, shares, in return for a change in the world (e.g. receiving a massage). So, to exchange time for sleep would not fit as your time is not a tangible good. And since you require sleep to work, it would be more accurate to say you earn the ability to work by sleeping. I stipulate no buying is involved. Opportunity cost does not necessarily mean buying. Exchanging a tangible good for something else does. I suppose where your definition and mine differ, is in your definition you require a sentient seller, and in mine the seller could be non-sentient, or could be metaphorically represented by a collective of gold owners who would benefit from you losing your gold to the ocean.
    - lotsofmangos 11y ago
      To buy something I definitely think requires a sale and an implicit contact between two parties. Also, it is perfectly possible to buy something with your time, tangibility is not required for something to be purchased, definability for the purposes of the contractual arrangement is the important bit.

onion2k 11y ago

That's the wrong question. The right question is "Will he be more satisfied with a million dollar salary or a company full of employees whose lives he knows he's making better?"

spacemanmatt 11y ago
If I owned a company such that my livelihood and retirement were basically covered (I don't need a mansion) I would probably take a similar approach to investing in people. They are more valuable to me.