May/06
2011
2011
The Girls Scouts Should Target Philippe Dauman
What does $84.5 million *per year* buy a guy? Well for one thing I could buy one hella lot of good will. And cookies. The cookies are key.
CEOs were rewarded because corporate profits soared in 2010 as the economy gradually got stronger and companies continued to cut costs. Profit for the companies in the AP analysis rose 41 percent last year.[..]
- The highest-paid CEO in 2010 was Philippe Dauman of Viacom, the entertainment company that owns MTV, Nickelodeon and Paramount Pictures. He received a pay package valued at $84.5 million, two and a half times what he made the year before. He signed a contract in April 2010 that included stock and options valued by the company at $54.2 million when they were granted.(AP)
Imagine that. $84.5 million. Actually I can't imagine it. I don't even know what that means. I'll never know what it means. But back to my original question: what does a guy do with all the filthy lucre? Buy a house? Buy several houses? And cars? And wives/girl friends to fill them?
One line keeps going through my head: "you can't take it with you." It's probably not what goes through the mind of these massively overpaid CEO's but it should. No body deserves that kind of money, unless they're solving all the world's woes on a hourly basis. Cure for cancer? Sure. End to war? Absolutely. Even an invention to cure smokers or end telemarketing for all eternity. Those might be worth that kind of money.
But to sit at the top of an organization that pretty much runs itself? Nah. They're not even worth 10% of that kind of money.
1 comment
Comment from: odessa [Member] 
The CEOs have brainwashed corporate America that the companies won't get "talent" if they don't pay exuberant 8-figure salaries. I don't begrudge large salaries to owner CEOs who build companies from scratch or buy someone else's problem and pulls out it of the toilet. Owners succeed or fail with the company - in other words their salary and savings is linked to the health of those companies. However most of the CEO schmucks would jump out the nearest window with their golden parachute at the first sign of problems. Someone like Dauman would not go bankrupt if Viacom went bankrupt. His has a contract for his salary, meaning that he would be paid before many other creditors if Viacom went belly up. In other words, all the benefit, little of the risk. Also note that Dauman's initial association with Viacom was being part of a hostile take over not saving a struggling company.
My opinion is that karma has some very special plans for certain people.
My opinion is that karma has some very special plans for certain people.
05/07/11 @ 10:14
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