Whats wrong with this picture?
Estimate a $50k yearly salary, a good income by most standards, multiply this by 20 years, the earnings would be a million dollars.........Construction work for 20, driving a bus for 20, working in the sewer for 20, whatever the scenario. No person on this planet, or in our galaxy is worth this............
Compare these comp pkgs to a Neurosugeon, on avg nationwide earn $2.5 million a year. A brainsurgeon, a heart specialist, a heartsurgeon, a highranking combat soldier, a commercial pilot, you name it, the President of the US who has the weight of this country on his shoulders earns $400k a year,
but these money grabbers exist for the primary reason to rake in as much corporate welfare as they can, not from selling the companies, stock options or corporate welfare will give them more than the companies will ever be worth on paper, and who gives it to them?.......everyone that buys one of their stocks.
The Govt sets no standards for those who can be public, remain public, or want to come public. This is how parasitic the market is. When a company has gotten so big that the Ceo's believe investors should pay them this kind of money they need to go, just like Gates, like the rest. This company nor Msft is doing nothing for shareholders, they've have become self serving enterprises, this money is gone, never to come back.
Not money from earnings generated where the get a check cut weekly or monthly, but yet some receive this plus the stock options and bonuses. Money they could only dream of in the private sector. "Where they belong".
Figure how long it would have taken to buy a $200 million dollar home, this is just the home. Your looking at 4000 years on an income of $50k annually..........almost back to the time of the Pharohs...........But first you would need to either be immortal, or own the fountain of youth.
The latest list of America’s Highest Paid CEOs in 2008 saw Steve Jobs, who was ranked first in 2007 dropped his place to a shocking 120th, after a restructuring of stock grants in his company Apple.
Larry Ellison of Oracle Corporation, who tops the new list, earned a massive US$192 million for the year 2007, on top of over 20 million shares he owns.
Larry founded Oracle in 1977, which started its first database project for the CIA agency with only $2,000 investment and has been the CEO for more than 30 years.
Apart from being the highest paid executive, Larry also has a net worth of US$18.4 billion, making him as the 14th richest men in the world at the moment. He is also publicly known for his extravagant life style, owning expensive boats, a private jet, cars and lives in a US$200 million dollar house.
Among other notable presence in the top 20 include Howard Schultz (Starbucks), Lloyd Blankfein (Goldman Sachs), Richard Fuld (Lehman Brothers), Steven Burd (Safeway) and John Chambers (Cisco).
The top 20 highest paid CEOs, and their companies:
1. Larry Ellison, Oracle (US$192 million)
2. Frederic M Poses, Trane (US$127 million)
3. Aubrey K McClendon, Chesapeake Energy (US$117 million)
4. Angelo R Mozilo, Countrywide Financial (US$103 million)
5. Howard D Schultz, Starbucks (US$98.6 million)
6. Nabeel Gareeb, MEMC Electronic Mats (US$79.6 million)
7. Daniel P Amos, Aflac (US$75.2 million)
8. Lloyd C Blankfein, Goldman Sachs (US$73.7 million)
9. Richard D Fairbank, Capital One Financial (US$73.2 million)
10. Bob R Simpson, XTO Energy (US$72.3 million)
11. Richard S Fuld Jr, Lehman Brothers (US$71.9 million)
12. Steven Roth, Vornado Realty (US$71.9 million)
13. Marijn E Dekkers, Thermo Fisher, (US$69 million)
14. Steven A Burd, Safeway (US$67.2 million)
15. Gregg L Engles, Dean Foods (US$66.1 million)
16. Nicholas D Chabraja, General Dynamics (US$60 million)
17. Leslie H Wexner, Limited Brands (US$56.1 million)
18. David C Novak, Yum Brands (US$55 million)
19. John T Chambers, Cisco Systems (US$54.8 million)
20. William R Berkley, WR Berkley (US$55 million)
Technorati Tags: highest paid, salary
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