Wednesday, August 1, 2007 11:23:55 PM
I agree with DiePSPolice. It's not hard to picture the impact of one person on a company. A real-life example is Glenn Murphy, the new CEO of GAP Inc, who turned around a company called Shoppers Drug Mart in Canada. He made several changes in the store, including a high-end cosmetics area, and the profit of the company doubled in 4 years. In other words, the company is hoping he can do the same thing for us.
Also, we need to put things in perspective. If you make $50,000 a year, chances are you`ll have a house worth not too much more than that. If you make $1 million a year, your house might be worth more than $50,000, but you also still have to pay for it. Unless you live beneath your means, you`ll still have the same expenses, just on a different scale.
Wednesday, August 1, 2007 11:21:02 PM
It doesnt show the hours, i mean that 'average worker` could be a burger flipper at Mcdonalds working for minimun wage about 3 days a week, 5 hours a shift, a big chunk of which is spent doing jack all. where as a CEO works at least 6 days a week, probally a 8 - 5+ job with heavy overtime, takes paperwork home with them everynight, has to go to meetings to deal with other companies, and is on call for a disaster pretty much 24/7. If your stocks plummet, a CEO will have to haul ass and try to make the best of it, if someone at that level quits, goes on vacation, or is injured or sick, your work load goes up. whereas if your just the one in charge of fries, your still just gonna be the one in charge of fries, your never gonna have to deal with missing funds. and if the average worker at McD`s quits, they stick a couple of application forms on the wall.
This is assuming its talking annual income, not hourly wage. It makes more sense to measure it annually than hourly though.
Wednesday, August 1, 2007 8:08:22 PM
I'm not sure if this is true but I read somewhere once that as your pay goes up your free time goes down. If that`s true then the average worker has way more free time then a CEO. Personally I don`t care that much about money that I would trade my free time for it. I would rather have time to do things that don`t cost much money like running, reading, camping, going on the internet. What`s the point of money if you have to wait until you retire to enjoy it?