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Forum Post: one year, one man, 101 million dollars!

Posted 2 years ago on April 21, 2012, 1:44 p.m. EST by myows (133)
This content is user submitted and not an official statement

The google CEO made 101 million dollars in compensation last year,

http://www.bloomberg.com/news/2012-04-20/google-chairman-schmidt-got-101-million-in-compensation-in-2011.html

and yet somehow there are people out there that consider a middle class worker who is trying to keep his pension from being stolen and his job from being sent overseas the enemy!

wow, just wow.

3 Comments

3 Comments


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[-] 3 points by jrhirsch (4714) from Sun City, CA 2 years ago

That's the same as 2500 people making $40,000 a year. Can anyone explain the supply and demand factors that would justify such a salary? Or are they delusional in believing they provide that much benefit to a company?

[-] 1 points by myows (133) 2 years ago

you're 100% correct about this. Imagine 2500 people spending $$ on cars, clothing, food etc.... VS what a single person can spend. It should be obvious which scenario stimulates the economy more.

[-] 3 points by factsrfun (6449) from Phoenix, AZ 2 years ago

I guess no one would do the job for less?

No wonder we are getting our butts kicked.