Quote:
|
Originally Posted by flappist
You are kidding right? $100k CEO? What planet is that. $100k is what a coal miner or lower to middle manager in a medium company earns.
Most middle to senior managers I personally know earn 200-400k and I know several people who earn over $1,000,000 per year.
And that is just up here in sunny Hervey Bay.
|
Warren Buffet for one.
I'd probably do it for that provided there was an attractive bonus package based on real metrics. I know several CEO's of smaller companies here in Australia who make that sort of money, less bonuses. I'm an engineer and we are one of the best paid professions, but few engineers make over a mill doing engineering work. Your suggesting that exectutives are more valuable than engineers to a company like GM ? The reality is the salaries are simply an artifact. Every level of managment has to be paid X more than those below them. In a large organisation numbers of those levels get out of control and you end up with ridiculous salaries for executives. It has no bearing on reality.
Are you suggesting that Rick Wagoner adds value to GM equivalent to his renumeration every year ? I'd love to see that case. You'd better be a good QC
