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What is the actual point of giving anyone $226m in pay? How would that motivate them to deliver any more..? Ratio of CEO:staff pay at 1000:1!
by GJR 3y ago
What is the actual point of giving anyone $226m in pay?
How would that motivate them to deliver any more..?
Ratio of CEO:staff pay at 1000:1!
- easytiger 3y agoWhy does Buffett get up and go to work in the morning?
- zymhan 3y agoCertainly not because he needs to work for a living, or for anything at all.
- jason0597 3y agoCertainly not for money, he lives in a simple house and drives a simple car. Probably because he just likes his job
- ta1243 3y agoWhy would someone work for $250m but not work for $150m? Or at that level of wealth work for free. Surely it's just for keeping score
- easytiger 3y agoMr Buffett is 92 years old and works every day and is worth approx $120 billion. In the past 70 years hes had more money than needed for him to decide to give it all up. Why hasn't he?
- staticman2 3y agoWhy are you asking this question? Is it rhetorical, and if so, what point do you feel you are making?
- easytiger 3y agoWhy are you asking that question? The post to which i replied was asking why someone who has made that much money would continue working.
- ta1243 3y agoWhich post asked that
- staticman2 3y agoYou were the one that asked that.
- roflyear 3y agoIt's sad really
- Maursault 3y agoSome people are so poor, all they have is money
- ta1243 3y agoSo his salary is irrelevant, whether he is paid $1 or $1b a year makes no difference to his lifestyle.
- JenrHywy 3y agoBy why would someone work for $150m when they can get $250m? The pool of CEOs that can successfully run billion dollar companies is pretty tiny.
- PeterisP 3y agoThe question isn't whether someone would work for $250m but would not work for $150m; the question is whether someone would or wouldn't work for you for that amount. If someone else offers $200m to the same person, they would work for you for $250m and wouldn't work for you for $150m.
- ta1243 3y agoWhy would the money come it to it rather than the challenge, opportunity, colour of the carpet in the hall, etc
- tabtab 3y agoTo beat competitors, not have tons of beemers for beemer sake. The motivation is relative. The 3 big "robber barons" of the late 1800's use to send each other brag-grams over who was richer.
- aeyes 3y agoWarren Buffets salery has been $100.000 for decades. And as far as I know Berkshire doesn't do stock based compensation at all, Buffet just holds the shares he always held.
- callalex 3y ago[flagged]
- choppaface 3y agoTo keep score.
- PeterisP 3y agoIt's not to motivate a particular person to deliver more, it's to ensure that you're able to hire that person - if they would pay, for example, $2million, then no one with experience at managing decent size tech companies would apply as they can get a much better offer elsewhere. Also, CEO compensation is effectively between the shareholders and the CEO - if the CEO is making the shareholders happy and they want to gift him $200m for no good reason, well, it's their right to do so, it's their money to spend or waste as they wish, not the employee's.
- GJR 3y agoBy doing so, don't you restrict the pool of talent that you can hire from?