CEO salaries should take into consideration the efforts by those reporting to them. Group compensation will reduce friction and avoid incidents like OWS protests. Well, many are not willing to work longer hours because there is nothing to reward for their efforts. The compensation plan is the problem. The plan should be equity based and create opportunities to earn more for one and all
@omgitsomgification So? Who says everyone is going to be equal? Or that they should be? But don't discount the work of management. Most employees, frankly, dont know anything about strategic planning, financial management etc. most line workers would not be able to run an industrial company. Not to mention the fact that most business executives work 12 hour + days - not many common employees are willing to do that.
@mason72518 never said everybody should be equal but i guarantee that if you offer workers the salaries that Executives get they would be happy to take on the extra work so there is give and take bro so how about u actually read what i said and think about it before responding in a retarded way.
@omgitsomgification Where do you expect to get the money to pay a line worker $10 million? The money must come from somewhere. Pay is determined according to productivity, not just what "feels nice". If a worker generates $50K per year in productivity for the company their income will reflect that level of productivity. If a marketing executive generates millions in value, his pay will be reflect that. That's why ppl go to school & learn skills - so they can earn more money by adding value.
@omgitsomgification (contd) and the difference between ppl who become CEOs and ppl who dont is that the CEO types were willing to work 12+ hr days for years before being promoted. They worked extra hard not for immidiate pay but because they knew it would pay off long term. They didnt take time off and go on vacations with their families. They stayed dedicated to their work. They make sacrifices that others are unwilling to make. If you disagree, just ask yourself why some people aren't CEOs.
@omgitsomgification (contd) and the difference between ppl who become CEOs and ppl who dont is that the CEO types were willing to work 12+ hr days for years before being promoted. They worked extra hard not for immidiate pay but because they knew it would pay off long term. They didnt take time off and go on vacations with their families. They stayed dedicated to their work. They make sacrifices that others are unwilling to make. If you disagree, just ask yourself why some people aren't CEOs.
@omgitsomgification (contd) and the difference between ppl who become CEOs and ppl who dont is that the CEO types were willing to work 12+ hr days for years before being promoted. They worked extra hard not for immidiate pay but because they knew it would pay off long term. They didnt take time off and go on vacations with their families. They stayed dedicated to their work. They make sacrifices that others are unwilling to make. If you disagree, just ask yourself why some people aren't CEOs.
That's not what Buffett said. Watch it again. He's saying the CEOs are telling his yes men he's better than the CEO at company X so the shareholders will reward him with more money. The competitiveness isn't between the businesses, it's the CEOs. They act like children basically saying "that guy's got this much money, I want that much too".
@Feverblitz and hes also saying the ceo has pople working below him who probably kiss his ass and / or - they fear they may lose their job if they dont support their ceo. and then on top of that you have a board to agree it who meet 4 times a yr and probably have no clue whats going on and agree it anywyay
warren buffet your scum stop hording 50 billion out of the economy you selfish old mason
treverbettis 10 hours ago
Why do "executives" get giant BONUSES but, need to "lay off" hundreds of people?
Charlie12241 2 days ago
CEO salaries should take into consideration the efforts by those reporting to them. Group compensation will reduce friction and avoid incidents like OWS protests. Well, many are not willing to work longer hours because there is nothing to reward for their efforts. The compensation plan is the problem. The plan should be equity based and create opportunities to earn more for one and all
RAMBUNA1 1 week ago
warren help we indians make some money , we r very very very poor country.
sabalo2011 2 weeks ago
Why is paying a CEO hundreds of millions of dollars a problem?
mason72518 2 months ago
@mason72518 because CEO's get paid so much more than workers and for the level of work that they do compared to the workers of a company
omgitsomgification 3 weeks ago
@omgitsomgification So? Who says everyone is going to be equal? Or that they should be? But don't discount the work of management. Most employees, frankly, dont know anything about strategic planning, financial management etc. most line workers would not be able to run an industrial company. Not to mention the fact that most business executives work 12 hour + days - not many common employees are willing to do that.
mason72518 3 weeks ago
@mason72518 never said everybody should be equal but i guarantee that if you offer workers the salaries that Executives get they would be happy to take on the extra work so there is give and take bro so how about u actually read what i said and think about it before responding in a retarded way.
omgitsomgification 3 weeks ago
@omgitsomgification Where do you expect to get the money to pay a line worker $10 million? The money must come from somewhere. Pay is determined according to productivity, not just what "feels nice". If a worker generates $50K per year in productivity for the company their income will reflect that level of productivity. If a marketing executive generates millions in value, his pay will be reflect that. That's why ppl go to school & learn skills - so they can earn more money by adding value.
mason72518 3 weeks ago
@omgitsomgification (contd) and the difference between ppl who become CEOs and ppl who dont is that the CEO types were willing to work 12+ hr days for years before being promoted. They worked extra hard not for immidiate pay but because they knew it would pay off long term. They didnt take time off and go on vacations with their families. They stayed dedicated to their work. They make sacrifices that others are unwilling to make. If you disagree, just ask yourself why some people aren't CEOs.
mason72518 3 weeks ago
@omgitsomgification (contd) and the difference between ppl who become CEOs and ppl who dont is that the CEO types were willing to work 12+ hr days for years before being promoted. They worked extra hard not for immidiate pay but because they knew it would pay off long term. They didnt take time off and go on vacations with their families. They stayed dedicated to their work. They make sacrifices that others are unwilling to make. If you disagree, just ask yourself why some people aren't CEOs.
mason72518 3 weeks ago
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@omgitsomgification (contd) and the difference between ppl who become CEOs and ppl who dont is that the CEO types were willing to work 12+ hr days for years before being promoted. They worked extra hard not for immidiate pay but because they knew it would pay off long term. They didnt take time off and go on vacations with their families. They stayed dedicated to their work. They make sacrifices that others are unwilling to make. If you disagree, just ask yourself why some people aren't CEOs.
mason72518 3 weeks ago
3.11 - He's bascially saying "Go shove that paintbrush up your ass."
I'll like to have a job like Warren Buffett's too.
wetyewruyrtsutrdhjfg 5 months ago in playlist More videos from WarrenBuffettBlog
That's not what Buffett said. Watch it again. He's saying the CEOs are telling his yes men he's better than the CEO at company X so the shareholders will reward him with more money. The competitiveness isn't between the businesses, it's the CEOs. They act like children basically saying "that guy's got this much money, I want that much too".
Feverblitz 6 months ago 3
@Feverblitz and hes also saying the ceo has pople working below him who probably kiss his ass and / or - they fear they may lose their job if they dont support their ceo. and then on top of that you have a board to agree it who meet 4 times a yr and probably have no clue whats going on and agree it anywyay
superdave31 3 months ago
So competitiveness is bad? Untrustworthy are you sir!
miltonfriedman1000 6 months ago