Yeah I just went back and looked. In his first season with Lebron, Bosh and Wade he struggled for a bit and there was definitely talk of him being fired. My how times have changed.
As I said before, pay is typically based on what you know, what your marketable skills are, not how physically laborious your job is. Rather than acknowledge this fact, it appears you are attempting to divert with something that almost all professionals do already.. I mean I could network with computer engineers all day long, but if I don't have a computer engineering degree or equal on the job experience (at the least) in the computer engineering field, I'm not going to get a computer engineering job. Of course, there are exceptions to this like with anything else in life, but your previous post indicated that it was somehow unfair that hard labor doesn't pay much in a lot of scenarios. Physically laborious jobs have always been compensated at the lower end of the spectrum and never will be the general basis for an individual's value in the free job market.
I voted with my wallet when Home Depot gave a failed CEO a $12M severance to get out of the room after his value to the company proved to be non-existent or worse. Haven’t been back more than a couple times in years. Please, no one tell me that Lowe’s has exhibited similar piss poor board of directors behavior.
It’s not uncommon for there to be a “breakup fee” or buyout as part of a CEO’s compensation contract.
Really? Tell me what a union provides to a worker that a worker can’t do himself. If you’re going to claim some type of safety protection, tell me what safety protections a union provides that the current federal, state and local laws don’t provide.
I understand that high level employment contracts usually include high level severance agreements. Doesn’t mean I have to like it. Hell, I cringe when I think about former Gator “CEOs” that walked with millions when they should have just been sent down the road kicking stones and crawled under a rock and been embarrassed.
Think of how much harder it would be to hire a quality head coaching replacement if we stopped offering buyouts or severance packages to head coaches we pushed out the door.
I worked in an office job for a while. We had an absolutely useless guy on my floor for the whole two years I was there. His brother knew one of the managers and got him hired, and the rest of us just worked around him to get everything done. He sat through all the meetings, and provided some plucky comic relief, but never once produced anything that could be used.
That I understand as well. Still don’t have to like it. CEO comp has risen so sharply because every time a company does a salary/bennies study it includes the last several overpaid chumps and then the next chump is now worth more than the last chump… and no BoDs is as frugle and sensible as me, so the rise in overcompensation continues at too high a rate. It is what it is: capitalism. I wouldn’t want any other system even with the flaws in ours.
If that means we all settle for the average then count me out. However, when I was in my first couple years of UF and wondering if I could afford to finish, and considering how far below the average my family was when I was growing up, I might have considered it.
I wonder how long it will be when Tesla puts solid state batteries or something better in its cars. It better be soon because Toyota is planning to have solid state batteries in its cars in about 5 years. If the car companies don't have something as good or better Toyota will become dominant.
At least you're attempting to have an honest conversation about it. I'm sure everybody, especially those who are just starting out in life would love to get paid more. I remember what it was like my first couple of jobs. Instead of bringing a bunch of people down to my level after they had put in all the work to get where they are, I took some chances and worked my way up the ladder. It's not supposed to be easy. If you pay your dues, apply yourself, show up to work on time, maintain a positive attitude, you can do almost anything you set your mind to in the job market. Without struggle, everybody would be average and very few people would care to maximize their potential as employees. There's going to be periods of struggle. Wage controls are not the answer.
You better share that inside information with investors before a lot of people get burned. Toyota stock is up 15 percent this year. Tesla stock is up 160 percent this year.
Have you read some of the articles about Toyota lately? They will have solid state batteries that will be lighter and safer than lithium ones with much less fire danger, more that 700 miles per charge and much faster recharge rates than lithium batteries. They plan to have vehicles in the market by 2026 or 2027.
