Comments on: Do I get paid too much? http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/ Trying to live large ...one step at a time Thu, 18 Mar 2010 14:57:04 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Carnival of Pecuniary Delights No. 1: The Madoline Hatter Pecuniary Art Edition | Pecuniarities http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5774 Carnival of Pecuniary Delights No. 1: The Madoline Hatter Pecuniary Art Edition | Pecuniarities Thu, 02 Apr 2009 13:04:21 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5774 [...] LAL from Living Almost Large presents Do I get paid too much? [...] [...] LAL from Living Almost Large presents Do I get paid too much? [...]

]]> By: AIG Bonus http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5782 AIG Bonus Mon, 16 Mar 2009 18:48:52 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5782 [...] the question “Do I get paid too much?”  Where hospital CEO Paul Levy asks if he makes too much.  Well recently he said [...] [...] the question “Do I get paid too much?”  Where hospital CEO Paul Levy asks if he makes too much.  Well recently he said [...]

]]> By: LAL http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5762 LAL Wed, 11 Mar 2009 02:07:27 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5762 Definitely I agree with capping for companies getting tax payers dollars, but otherwise I guess I shouldn't complain. Definitely I agree with capping for companies getting tax payers dollars, but otherwise I guess I shouldn’t complain.

]]> By: Personal finance blog roundup « Monogamoney http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5771 Personal finance blog roundup « Monogamoney Tue, 10 Mar 2009 23:40:00 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5771 [...] Almost Large asks whether the CEO of a major Boston hospital, who makes $1 million a year, is worth less than CEOs [...] [...] Almost Large asks whether the CEO of a major Boston hospital, who makes $1 million a year, is worth less than CEOs [...]

]]> By: Amanda http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5772 Amanda Tue, 10 Mar 2009 21:32:56 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5772 CEO compensation packs are ridiculous considering that in many cases they get the stock bonus, salary and other perks even if they get fired. Why should a company spend 40 million dollars to fire someone? Think of what that 40 million dollars could be put towards like research and development, better healthcare for their employees, 401k matches, buying locally made products, etc. I think companies need to stop this ridiculous game of how can we get the best CEO by bribbing them and focusing on how they can make the best company with how the market in their industry is going. Capitalism works best when there is oversight and rules that must be followed rather than letting everyone figure out the best course. CEO compensation packs are ridiculous considering that in many cases they get the stock bonus, salary and other perks even if they get fired. Why should a company spend 40 million dollars to fire someone? Think of what that 40 million dollars could be put towards like research and development, better healthcare for their employees, 401k matches, buying locally made products, etc. I think companies need to stop this ridiculous game of how can we get the best CEO by bribbing them and focusing on how they can make the best company with how the market in their industry is going.
Capitalism works best when there is oversight and rules that must be followed rather than letting everyone figure out the best course.

]]> By: Kristy @ Master Your Card http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5764 Kristy @ Master Your Card Tue, 10 Mar 2009 06:22:44 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5764 Man, this is just as much a hot topic this time around as it was last. Personally, I'm all for capping a CEOs salary, but I've revised my position that the cap should be at $400k. IF the company is successful, then I think $20 million should be the cap because CEOs have a specific specialization that not everyone can do, just like any other job. But, if the company is failing, then I think the CEOs salary should be reflected accordingly. Why should companies cut salaries and lay off workers when their own CEOs are not taking wage cuts. However, this stipulation is on publicly traded companies where taxpayer dollars come into play. On privately held companies, I don't care what they do, so long as they're not asking for a handout at the end of the day. Man, this is just as much a hot topic this time around as it was last.

Personally, I’m all for capping a CEOs salary, but I’ve revised my position that the cap should be at $400k. IF the company is successful, then I think $20 million should be the cap because CEOs have a specific specialization that not everyone can do, just like any other job. But, if the company is failing, then I think the CEOs salary should be reflected accordingly. Why should companies cut salaries and lay off workers when their own CEOs are not taking wage cuts. However, this stipulation is on publicly traded companies where taxpayer dollars come into play. On privately held companies, I don’t care what they do, so long as they’re not asking for a handout at the end of the day.

]]> By: LivingAlmostLarge http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5797 LivingAlmostLarge Sat, 07 Mar 2009 19:45:25 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5797 Wow, I leave for a day or two and then get back to reading. Don, I hate to point out but before getting a college degree was a luxury. Most people will agree that you could raise a family on a job straight out of high school. Nowadays that isn't the case anymore. It does take a lot of money to set up business. It's $5-10k just to incorporate a business and set up the liability. It cost money to buy a truck, insurance, join a union, or get licensed. Example, my HVAC guy hired other HVAC guys to work for him. Why haven't they all struck out on their own? Because according to the guy working for the head honcho, it costs money to buy the truck, equipment, insurance, workman's comp, etc. It's certainly not cheap or easy to get started. The owner's of the business have done so for a long time. It's a family company. I do believe that there are jobs you can make a lot of money without a degree. They do take a lot of work and effort. For example, most people I know working sales are NOW required to have a bachelor's. I believe say 20 years ago maybe it wasn't the case, but many companies not require it. Also Don if you blame Congress, the Congress was Republican from 1994 to 2006. Remember the contract with america to lead us back to morality. How's that working out for ya? Barb, I think there is a lot of corporate greed in every industry. Otherwise why would so many industries be having trouble? Banks, cable companies, phone companies, automotive, home repair, retail. I don't think there's an industry not hurting. I believe we won't be moving towards more doctors because the AMA refuses to increase the number of doctors to keep the salary high. Instead we'll just have one doctor signing off on a lot of nurses, nurse practioners, physicians assistants, etc. Sort of a one chief, many indians. Don, rich dad, poor dad was a load of crock. The guy was just talking about real estate and it didn't work out. But we're in the middle of a perfect storm and which way we end up I'm not sure. But FWIW, I like reading the CEO of a major hosptial's thoughts. Wow, I leave for a day or two and then get back to reading.

Don, I hate to point out but before getting a college degree was a luxury. Most people will agree that you could raise a family on a job straight out of high school. Nowadays that isn’t the case anymore.

It does take a lot of money to set up business. It’s $5-10k just to incorporate a business and set up the liability. It cost money to buy a truck, insurance, join a union, or get licensed.

Example, my HVAC guy hired other HVAC guys to work for him. Why haven’t they all struck out on their own? Because according to the guy working for the head honcho, it costs money to buy the truck, equipment, insurance, workman’s comp, etc. It’s certainly not cheap or easy to get started. The owner’s of the business have done so for a long time. It’s a family company.

I do believe that there are jobs you can make a lot of money without a degree. They do take a lot of work and effort. For example, most people I know working sales are NOW required to have a bachelor’s. I believe say 20 years ago maybe it wasn’t the case, but many companies not require it.

Also Don if you blame Congress, the Congress was Republican from 1994 to 2006. Remember the contract with america to lead us back to morality. How’s that working out for ya?

Barb, I think there is a lot of corporate greed in every industry. Otherwise why would so many industries be having trouble? Banks, cable companies, phone companies, automotive, home repair, retail. I don’t think there’s an industry not hurting.

I believe we won’t be moving towards more doctors because the AMA refuses to increase the number of doctors to keep the salary high. Instead we’ll just have one doctor signing off on a lot of nurses, nurse practioners, physicians assistants, etc. Sort of a one chief, many indians.

Don, rich dad, poor dad was a load of crock. The guy was just talking about real estate and it didn’t work out.

But we’re in the middle of a perfect storm and which way we end up I’m not sure. But FWIW, I like reading the CEO of a major hosptial’s thoughts.

]]> By: Barb1954 http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5796 Barb1954 Sat, 07 Mar 2009 13:51:55 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5796 fengshui, people like Don just want someone to blame for the problems of the world or for people who think differently or have different lives than he does. Heaven forbid he turn a spotlight on the past eight years of a failed administration as the cause of many problems we're facing today. No!!! It must all be the fault of the liberals. fengshui, people like Don just want someone to blame for the problems of the world or for people who think differently or have different lives than he does. Heaven forbid he turn a spotlight on the past eight years of a failed administration as the cause of many problems we’re facing today. No!!! It must all be the fault of the liberals.

]]> By: fengshui http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5795 fengshui Sat, 07 Mar 2009 06:16:13 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5795 I also don't think that Don heard me say that my dad is almost 56 and has hepatitis, so just "moving to another state for a better paying job" isn't an easy thing to accomplish. My father can't just "quit his job" and be without medical coverage. And his union welding job actually provides good health insurance, even if the premiums do keep going up. He may need a transplant in the next few years, so just up and moving isn't a possible. It isn't as easy as people like Don say it is. My dad will need me to take care of him, and if him and my mom moved away, they would be alone. I also don’t think that Don heard me say that my dad is almost 56 and has hepatitis, so just “moving to another state for a better paying job” isn’t an easy thing to accomplish. My father can’t just “quit his job” and be without medical coverage. And his union welding job actually provides good health insurance, even if the premiums do keep going up. He may need a transplant in the next few years, so just up and moving isn’t a possible. It isn’t as easy as people like Don say it is. My dad will need me to take care of him, and if him and my mom moved away, they would be alone.

]]> By: fengshui http://www.livingalmostlarge.com/2009/03/04/do-i-get-paid-too-much/comment-page-1/#comment-5794 fengshui Sat, 07 Mar 2009 06:12:07 +0000 http://www.livingalmostlarge.com/?p=3239#comment-5794 Also, Don.... my advanced degree is my "insurance" that I won't have to rely on the government.... As a professional in the medical industry, jobs are pretty damn secure and I have benefits such as medical, disability, long term care insurance, etc. So, I likely will never have to rely on the government for anything... whereas someone with a HS degree who had a business fail and nothing to fall back on, would now probably qualify for WIC or Medicaid if one had children..... Also, Don…. my advanced degree is my “insurance” that I won’t have to rely on the government…. As a professional in the medical industry, jobs are pretty damn secure and I have benefits such as medical, disability, long term care insurance, etc. So, I likely will never have to rely on the government for anything… whereas someone with a HS degree who had a business fail and nothing to fall back on, would now probably qualify for WIC or Medicaid if one had children…..

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