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gravity

(4,157 posts)

32. Running a business is more respectable than gambling

Reply to 1StrongBlackMan (Original post)

Fri Nov 30, 2012, 12:26 PM

Nov 2012

The reason he earns that much more money is because he brought even more value to the business.

He might be overpaid, but at least Apple grows its business by innovating rather than laying off workers. There are a lot more CEOs who are worst.

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A Thought on The Record Powerball Jackpot ... [View all] 1StrongBlackMan Nov 2012 OP

You don't think that running the largest, most profitable company deserves a high compensation? TrueBlueinCO Nov 2012 #1

He doesn't 'run' it, the workers do leftstreet Nov 2012 #2

No. The shareholders own it. TrueBlueinCO Nov 2012 #3

yeah leftstreet Nov 2012 #5

Technically, Apple's shareholders 'own' it and elect a Board of Directors to coalition_unwilling Nov 2012 #4

In the old days we'd say pay the CEO enough not to rip-off the company HereSince1628 Nov 2012 #7

Yes ... 1StrongBlackMan Nov 2012 #11

He makes the strategic decisions that determine what those workers do TrueBlueinCO Nov 2012 #13

You may be surprised at how many DU'ers would answer that with ...... A HERETIC I AM Nov 2012 #14

I feel sorry for them... TrueBlueinCO Nov 2012 #18

You deserve to earn what you do. You started a small business and you provide the direction... RagAss Nov 2012 #43

Good for you ... 1StrongBlackMan Nov 2012 #17

So true...even the best CEO's are right only 60% of the time.... RagAss Nov 2012 #44

Who the hell is saying they should make more than you do? EOTE Nov 2012 #22

Nope, Sekhmets Daughter Nov 2012 #28

Show me anybody saying that? nadinbrzezinski Nov 2012 #37

Actually, you won't find ANY. EOTE Nov 2012 #38

True, I was thinking both here and other places. nadinbrzezinski Nov 2012 #40

Cat got your tongue? EOTE Nov 2012 #39

I think there is a difference between a high salary and ... Marrah_G Nov 2012 #25

No, I don't. Sekhmets Daughter Nov 2012 #26

$550 million was the annuitized, and it went up to $587.5 million before the drawing. RomneyLies Nov 2012 #6

Actually the Powerball's annuity payments are stepped up every year ... A HERETIC I AM Nov 2012 #15

But does the first payment Sekhmets Daughter Nov 2012 #27

I tried to find an annuity calculator online to give you a definitive answer... A HERETIC I AM Nov 2012 #30

I am sorry Sekhmets Daughter Nov 2012 #31

It was no trouble, but I must admit I could be totally wrong! A HERETIC I AM Nov 2012 #34

Hmmm, Sekhmets Daughter Nov 2012 #35

It seems to me the ticket price increase covers 2 things A HERETIC I AM Nov 2012 #36

I see. Sekhmets Daughter Nov 2012 #45

He is responsible for duping a bunch of 'hipster dufuses' (the character of Elaine on Seinfeld coalition_unwilling Nov 2012 #8

Yup. And made the shareholders billions of dollars in the process. TrueBlueinCO Nov 2012 #9

Full disclosure: I've discovered that the various mutual funds in my IRA coalition_unwilling Nov 2012 #10

You are not alone ... 1StrongBlackMan Nov 2012 #12

better question onethatcares Nov 2012 #16

+1 redqueen Nov 2012 #19

thanks onethatcares Nov 2012 #20

Bingo AlexSatan Nov 2012 #21

that has always been my question shanti Nov 2012 #23

There is no justification for it. redqueen Nov 2012 #24

And even less ... 1StrongBlackMan Nov 2012 #29

Running a business is more respectable than gambling gravity Nov 2012 #32

Which destroys the earth more? NoOneMan Nov 2012 #33

Well externalizing costs is not something we nadinbrzezinski Nov 2012 #42

When they bring production back to the us nadinbrzezinski Nov 2012 #41