Replies to post #536 on Mattu's Tax Loss Picks (MATTY)

[Mattu]

Bird,

But how often does a potential client/investor really go into the CEO's home. Mabye I'm just that naive and have not ran a public company. But, I know I wouldn't particulary care for someone to come into my home, even if he is giving me money.

You have to separate business and personal, when you are at that level.

I'd think the majority of that type of stuff needs to be done at the office.

Warren Buffett lives in a podunk house (comparatively) and drives an old Lincoln. I don't think he's done too shabby, eh?

MB

[Mattu]

>>However, your postulation that $60K might be a "good living" requires just a wee bit of education on the expenses associated with the expected "lifestyle" of a CEO.<<

OK, I'm home now and re-read this part of your message.

What one person considers a good living and what I consider a decent living for an unprofitable company could be different.

I really see no reason to be paid more than $100-150k/year in salary. I'd much rather build up huge piles of stock over time. Matter of fact, if I were to start, run, and "live" a public company, I'd probably just pay myself a salary I "need" and let the rest be put back into the company buying up stock for me from the open market. There's nothing more assuring to investors than a CEO/Pres buying up its own stock.

I'm a simple guy though. Let me have an office, a proper number of assistant(s), accountant(s), lawyer(s) (respective to the size of the business), a fridge full of Pepsi, daily round of donuts, and a Apple computer (OS X 10.2) with a 23-inch screen....and that's all I need. I'm ready to rock baby! I'd sleep there if I had a bed.

[chief]

Sam Walton proved your comments totally without merit. So did Getty and many other secure persons. A fool and his money/ego are soon departed!