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Monday, November 22, 2010 1:50:47 AM
I look at it from two different perspectives: in terms of sales and in terms of position. In terms of revenue, his salary is comparatively high at the moment. In terms of position, 120k per year is chump change for a CEO to be making.
Now when this company starts posting 1-2 million dollars a year in revenue, 120k isn't going to seem like much. When you run a business, 30% or lower is a reasonable budget for labor, and that number is typically a percentage of net sales, not profit.
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