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45 Comments
- jbrodkin, on 07/02/2008, -1/+29$1.7 million for Larry Ellison's home security? He must have sharks with frikking laser beams on their heads.
- tj241, on 07/03/2008, -0/+11Huh - not one mention of "Hooker Expenses" go figure
- maryac, on 07/02/2008, -2/+11No women executives. I think shareholders that let CEOs use company planes etc for personal use are stupid. And mortgage relief ...please makes millions and ask for more. No wonder most executives are completely out of touch how their employees and customers live. Mary
- Shigglyboo, on 07/03/2008, -1/+9my ass. You sir are an idiot. As a business grad and employee at a small business I think it's fair to say nobody "earns" money on that scale. They rely on cheap labor, employees with brilliant idea's who are paid by the hour, etc.
I like how in Japan it's dishonorable for the highest paid employee to get that much more than the lowest paid. I've even heard of a company with a 3:1 ratio. meaning, they won't pay you less that 1/3 of the highest salary. - ironeus, on 08/01/2008, -0/+8How about $2 million for Microsoft's CFO to RELOCATE!! My friend and I could have moved his entire estate for 1/2 that total bill; EASY.
- ubernoggin, on 07/03/2008, -0/+6Investors in these companies should care.
- inactive, on 07/04/2008, -1/+6Welcome to hard work boys and girls. it pays off. you see you wont get these perks with a useless degree in art history ok!
- diemunkiesdie, on 07/04/2008, -0/+5I don't think the Microsoft one is that out of line. The company wanted him to move closer to headquarters and so they payed for him to do so. They purchased their old homes at an average price determined by three independent appraisers so it's not like they payed the guy his price for his old homes. Then Microsoft turned around and sold the homes on their own.
The fact that it cost them $2 Million is extreme (I wonder how that was calculated. Maybe they were unable to resell the homes for their full value and ended up taking a $2 Million hit overall or something.) But the circumstances surrounding it aren't that crazy. - Nidy1, on 07/04/2008, -0/+4Steve Jobs
Steve Job's total compensation for Apple's 2007 fiscal year was his $1 salary. No bonus, no stock or option awards, no other compensation. Apple's fiscal year ended Sept. 29, 2007.
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Didn't he get stock? Isn't that how he got paid? I'm confused. - Shigglyboo, on 07/03/2008, -0/+4Let them eat cake. Indeed.
- krahzee, on 07/04/2008, -0/+3This list does not seem too extreme to me as an overall. Look, if you negotiate things and get them in your contract, good for you.
I noticed quite a few security ones. Aside from personal security, I'm sure this is extended to the families of some of these men as well. Given the risk of kidnapping involved with men in the position they are in, I can't say I blame them for asking for it.
As far as the relocation one, The two million was directly related to the real estate market. They wanted this man to move to the Redmond area. He was having trouble selling his house for what he paid for it. They bought it at the price he paid to allow him to reinvest that money into something closer and they took a 2 million hit on the resale, not an uncommon thing.
My sister saved huge amounts of cash when they upgraded to a house down the road that had been bought by a company as part of the previous occupant's relocation. They inquired about the price when it was listed, thought it was high, waited 6 months (while watching the listing) and got it for tens of thousands less than they had been intitially told it would take. - tcpip4lyfe, on 07/04/2008, -1/+4We should have a form of government where the state rules every part of our lives because everyone knows the government works perfectly...
- mrmudgeon, on 07/04/2008, -0/+3The focus on CEO pay is annoying. The same folks who complain about that dont seem as concerned about actors with 40 million pay packages and A Rod's last contract.
If you are really good at what you do and you are rare. You will get paid a pricely sum.
I was a CEO for a brief time. I was handsomely compensated. Very handsomely. I also hated my life. It is head and shoulders harder than almost anything else you can do. I was before and am still known as intensely hard working. I will never go back to the CEO chair.
Most folks assume that competition for the jobs is fierce, like a political campaign. It is not. Most companies compromise significantly on the people who do wind up in the post. The Jack Welch's of the world are actually quite rare. The job is so tough and requires you to be good at soo many things that hardly anyone can do it.
Jeffrey Immelt was interviewed by Forture magazine a ways back. He is CEO of General Electric. When asked what the more important characteristic of a CEO was, he candidly answered "stamina". 80 hours per week for 24 years in his case to get there. After that, more of the same. For GE, he was fast to get to CEO.
I have met many CEOs during an earlier stage of my career. The stories are all the same. They are so intensely hard working that is is hard to describe to almost anyone else. The work never stops. For decades.
Before getting too mad at these folks, think about your life as a CEO. You drove hard through school to get your undergaduate and graduate degree. Leadership starts early, so you do several high test internships in your field. After that, join a big organization and start the 80 hours a week grind. At 55, you win the competition (such as it is by then) and get the big chair. The other way there is Larry Ellison's way. Start the company yourself and build it up. Either way, each rung up the ladder and the number of people around you gets smaller. Mostly that is because each rung is a painful step up in emotional and mental effort as well as hours and family disruption.
In the free market, this position will pay well or no one competant will do it. - johnmearns, on 07/04/2008, -1/+3It seems like a lot of the costs are related to security which doesn't seem unreasonable. They're people that are prime targets for kidnapping and the like.
- gryphon50, on 07/04/2008, -0/+2I've heard of some really strange perks for CEO's, including where the company buys artworks to hang in their home. Why not just give them a salary equivalent to all the perks? I think it is a way of concealing or trying to conceal the true extent of the compensation. Unfortunately, the shareholders, the true owners of the company, usually own such a small piece of so many companies that essentially there is no true oversight. The board just votes the CEO and themselves whatever compensation they want.
- inactive, on 07/04/2008, -0/+2Larry Ellison would have sharks with laser beams at his home.
The man is Mr. Extravagant.
The dude rented an aircraft carrier, had his top sales staff go on deck and landed to make an appearance. - a1cd, on 07/04/2008, -0/+2Why am I not surprised that there was nothing about any women in these perks..
- Olfster, on 07/03/2008, -4/+6As long as they are taxed on the perks, and the share holder is aware that the company they own is giving away their profits, have at it. The more the better.
- hapax, on 07/04/2008, -0/+2You don't mean women as perks, do you?
- tjmb9, on 07/04/2008, -2/+3Did you just sign that comment?
- hapax, on 07/04/2008, -0/+1Ellison: My home is "unbreakable".
- m60dude5, on 07/04/2008, -1/+2worked for me.
- katich, on 07/04/2008, -0/+1The futures reacted favorably this morning after the Labor Department’s numbers were release. Ironically, the numbers were pretty bad, but the good news is that there were no really negative surprises. So, as they say, ‘no negative surprise is good news.’ How the mighty have fallen. Meanwhile, oil prices push upwards to the $146 level on the heels of the EIA’s report that supplies fell by 2 million barrels last week, 800,000 barrels more than had been expected, .....Get more details at http://www.smallcappulse.com/index.php/commentary/ ...
- arunforce, on 07/04/2008, -1/+2That's what makes people want to innovate (or steal) and earn millions. For the perks. =)
- physep, on 07/04/2008, -0/+1Im a bit supprised its not more for some of those people..
- and303, on 07/04/2008, -0/+1Ocean's 14 - Larry Ellison's House
- inactive, on 07/06/2008, -0/+1Ah, bushwa. Part of this is the excessive tax breaks given to wealthy individuals. Much of the rest is because CEOs stack their Boards of Directors with their cronies. Please, with the GE stuff - you don't support that regular folks work long hours? Puhleeze...
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http://jeniya.info - inactive, on 07/07/2008, -0/+1This kind of compensation is just obscene.
- inactive, on 07/04/2008, -1/+2How are they out of touch? You act like they live in a floating castle in the sky. Most CEO's started out as normal lower-to-middle class people like the rest of us, so they made a bunch of money and spend it, good for them. Who am I to judge what they spend their money on when so many poor people piss away their money on cigarettes, booze, and renting TVs and stereo systems?
- Paulish, on 07/04/2008, -0/+1Japan fanboyism. What a surprise.
Shame on you guys for not worshiping Japan! - Paulish, on 07/04/2008, -0/+1Steve Jobs does not have worldly needs. He is more zen than a Buddhist monk. You should know that by now.
- katich, on 07/07/2008, -0/+0Oil Prices Pull Back to $142 Level, Markets will try for Higher Opening..Get more stock market news just like this at http://xrl.us/kj9hv .
- Daniel591992, on 07/04/2008, -2/+2He's skinny because he can't afford food! Aha!
- Dugley, on 07/04/2008, -1/+1That was an ultra lame slideshow.
Really weird 'ad-like' design.
I could care less. Not jealous. Not in denial. They all have stupid smiles. Which makes it all that much more stupid because you just know they dropped at least 5Gs on each of those photos to hire a photographer to go out, set things up, just so the light reflects off of their bald head.
Oh wait, sorry, just looked at the photos again. Most of them are actually wearing their tupee. Sorry. - dnl2ba, on 07/04/2008, -0/+0Perky women?
- inactive, on 07/04/2008, -1/+1Not my fault, most of the world is suffering because of their own mistakes, it wasn't America who chased the white farmers off their land in Zimbabwe and put control in the hands of Mugabe's goons who only know how to operate a machine gun and not a tractor.
- inactive, on 07/04/2008, -0/+0Some techies are not as smart as they would like you to believe
- Pinkertinkle, on 07/04/2008, -1/+1Link just crashed my firefox 3.
- scamper22, on 07/04/2008, -2/+1The day a woman starts her own company then she will be a CEO.
The day she demands these perks is the day she gets them. - inactive, on 07/04/2008, -1/+0The world is unfair!!
- itchie, on 07/04/2008, -3/+2Things like this are part of the reason the world is suffering.
Society is out of touch....With reality.
The days of excess are over. - kevinsboy, on 07/03/2008, -7/+5This is stupid. What should we care what people spend their money on, heck most of the ticket items seem to be re-investing in the American economy.
- lvlln, on 07/04/2008, -7/+3Clearly these people deserved everything they got. We know this because they were given to them, and free market always works perfectly.
- isuisorisuaint, on 07/03/2008, -9/+4who cares. for the most part, they earned it.
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