hikerfast
Active member
If we are paying 300g's to a guy who is increasing the revenue of the AMC by millions of dollars a year(?), it is worth it, and his pay is what it 'costs' to get a ceo that is this valuable. These things are hard to measure for most people. One post mentioned how the amc was in the red prior to having Mr. Falender run things. It sounds like maybe the 300g a year was a bargain. I'll submit this: when you get to high income levels, you usually are paying high taxes, and what is he doing with the rest of his money after property costs and his other bills and educating his kids(if he has any)? I would would not be surprised to learn, as we have so many other times, that he is a generous person who gives a majority of his money to various charities. If he makes 300g per year, say he takes home 150g. Then he spends 100g of that on his life, then saves some, then spends 25g a year(say 5 g a year for red cross, pan mass challenge, american diabetes association, american cancer society, and his alma mater).
I don't know the answer to all these questions, but I will repeat my point that often we learn that these people are giving away a lot, and sometimes a vast majority, of their money and or disposable income.
I don't know the answer to all these questions, but I will repeat my point that often we learn that these people are giving away a lot, and sometimes a vast majority, of their money and or disposable income.