Actors, Athletes & CEOs : are they worth being paid millions?

[Magnetron]

Actors? Studios seems to think so.

Athletes? Teams and Sponsors seem to think so.

CEOs? Corporate Boards seem to think so.

What do you think?

 

[Magnetron]

I didn't add Singers/Musicians or Authors to the list because they usually collect royalties based on product sold.

 

[Typo Fu Master]

It's like brand name food products. You're paying for the name. Still tastes like chicken.

I think they're all way overpaid for what they do.

 

[Magnetron]

It's like brand name food products. You're paying for the name. Still tastes like chicken.

I think they're all way overpaid for what they do.

Some chicken tastes better than other chicken.

Especially at fast food joints depending on what time of the day you visit.

 

[Typo Fu Master]

Some chicken tastes better than other chicken.

Especially at fast food joints depending on what time of the day you visit.

Is it worth the premium price? Especially when the premium is an order or two of magnitude greater than the bargain brand?

Pro athletes are the ones that I especially feel are overpaid. Million dollar contracts to throw a ball. How about doing something that's actually dangerous beyond a concussion to earn that kind of paycheck? No glory in logging.

 

[Lancecastor]

Pro athletes are the ones that I especially feel are overpaid. Million dollar contracts to throw a ball.

How about $700,000 USD (one time fee) for the background music to a 30 second tv commercial?

 

[Pookie]

I believe worth is based on your potential to create wealth, which is usually based on previous performance/current potential. If I can make a billion dollars from your talent, then I'll likely pay you the 20 million you demand to act in my movie.

 

[Not Normal]

What Pookie said.

 

[nerfhearder]

I believe worth is based on your potential to create wealth, which is usually based on previous performance/current potential. If I can make a billion dollars from your talent, then I'll likely pay you the 20 million you demand to act in my movie.

This.

 

[Conager]

I didn't add Singers/Musicians or Authors to the list because they usually collect royalties based on product sold.

What do you think stock options are? What do you think ticket sales and Merchandising or if not value added to a franchise or a musician.

But to answer your question of course they are worth it else they wouldn't be paid that.

 

[Conager]

Is it worth the premium price? Especially when the premium is an order or two of magnitude greater than the bargain brand?

Pro athletes are the ones that I especially feel are overpaid. Million dollar contracts to throw a ball. How about doing something that's actually dangerous beyond a concussion to earn that kind of paycheck? No glory in logging.

They aren't being paid to throw a ball. They are being paid to sell tickets and merchandise.

There are plenty of people who are paid minimum wage and aren't worth the wage that they are paid. Naturally they generally end up fired. Which is what happens to CEOs and athletes when they don't perform.

 

[Paul_Chance]

It's all about the ROI, regardless of what a person does for a living.

 

[nerfhearder]

Is it worth the premium price? Especially when the premium is an order or two of magnitude greater than the bargain brand?

Pro athletes are the ones that I especially feel are overpaid. Million dollar contracts to throw a ball. How about doing something that's actually dangerous beyond a concussion to earn that kind of paycheck? No glory in logging.

Why does a job have to be dangerous? Wages like that are determined by returns not the likelihood of bodily injury. Athletes help their owners make a ton of money so they deserve a ton of money. As long as people buy tickets and merch then the salaries will continue to be high.
Never did understand why people got such a problem with actors and athlete and such making so much. It's not your money so it's really not even any of your business.

 

[nerfhearder]

They aren't being paid to throw a ball. They are being paid to sell tickets and merchandise.

There are plenty of people who are paid minimum wage and aren't worth the wage that they are paid. Naturally they generally end up fired. Which is what happens to CEOs and athletes when they don't perform.

Yep. Tebow made a few bucks at first but he played for shit and now he doesn't get paid like that. He's making what probably amounts to scale for commenting on college games.

 

[Liar]

They aren't being paid to throw a ball. They are being paid to sell tickets and merchandise.

There are plenty of people who are paid minimum wage and aren't worth the wage that they are paid. Naturally they generally end up fired. Which is what happens to CEOs and athletes when they don't perform.

Except there's a difference between getting fired and getting fired, depending on who you are. I'm not against high CEO pay. I'm against CEO parachutes. If you're out on your ass you should be out on your ass. Not rewarded with a soft landing for your screw-ups.

 

[Typo Fu Master]

They aren't being paid to throw a ball. They are being paid to sell tickets and merchandise.

There are plenty of people who are paid minimum wage and aren't worth the wage that they are paid. Naturally they generally end up fired. Which is what happens to CEOs and athletes when they don't perform.

Then they'd be in a cashier's booth and not out on the field. They are being paid extremely well to play a game. When they do well, they gain recognition which supposedly makes them worth more. Screaming fans want to see them.

If this is worth paying millions for, so be it. Personally, I don't think they're worth it. Same for someone that makes a living pretending to be someone they're not. Again, if people want to pay them big money to do this, more power to them and I'd be right there with my hand out to take the cash too. But the job, in and of itself, is not worth that kind of dough.

 

[nerfhearder]

Except there's a difference between getting fired and getting fired, depending on who you are. I'm not against high CEO pay. I'm against CEO parachutes. If you're out on your ass you should be out on your ass. Not rewarded with a soft landing for your screw-ups.

Hard to get rid of those since they are negotiated at hiring and built into the contract. If a company refuses to put it in then the candidate will just go someplace that will.
Not to say it's impossible but will take much more than some bitching and require just about everyone to be on board.
I agree that if you're fired then you're fired. Get out, stay out and good luck paying the mortgage. Wish it worked that way but it don't.

 

[Lancecastor]

I was hired away from Andersen Consulting/Accenture by a startup; I negotiated a tidy 5 figure signing bonus and a 1 year salary (210,000) lump sum if I was let go for any reason, including with cause.

The company was mothballed three months later by Rogers, who held a majority of the Board.

I got my year's salary and took the year off. Happy dance.

 

[OldJourno]

Except there's a difference between getting fired and getting fired, depending on who you are. I'm not against high CEO pay. I'm against CEO parachutes. If you're out on your ass you should be out on your ass. Not rewarded with a soft landing for your screw-ups.

I don't mind whatever golden parachute someone in the private sector gets. It's frankly none of my business unless I own stock, and even then a board of directors is the body that's supposed to care and make the right choice for the future of the corporation.
I am irked to no end, though, by upper level government managers who screw up big time and get a severance package equal to six months or more of salary, generally on top of a generous pension.

 

[Magnetron]

One could argue that putting in a more consistent quarterback who could manage the game would result in more jerseys and other team merchandise being sold. That is what the Chicago Bears initially had in Kyle Orton, who helped take them to the Superbowl in his rookie year.

And then for some ungodly and idiotic reason, they traded him to Denver for Jay Cutler.

Who they built and rebuilt a team including staff around to improve his performance, but only in order to justify his ridiculous contract. Cutler was injury prone, threw tantrums at the refs, blamed receivers for not catching his passes and was the king of interceptions and fumbles.

They couldn't financially afford to keep other performing players like Devin Hester, Brian Urlacher, Robbie Gould and Jesus Christ the list goes on.

2016 has been their worst year since Dave Wannstedt was coach and those were some awful years to be a Bears fan.

However, the entire team performs better and is more fun to watch and root for when the relatively unknown backups Hoyer and Barkley play. Go figure.

Over paying one athlete and underpaying dozens of others in a salary capped situation is bad business all around. Especially when that one athlete underperforms.

Much like what happens in companies in which the lives of up to thousands of employees are upended in order to justify paying upper management millions in bonuses ( not to be confused with their regular salaries ). Screwing over most of your team members in order to maintain giving preferential treatment to a few who were responsible for bringing in lackluster profits under their watch. Yeah, that's a smart business decision.

Go Carrier.

 

[Hard_Rom]

Why does a chemical company CEO get paid hundreds of thousands or even millions while a production worker who could with one misstep turn a whole complex/neighbourhood into a smoking chemically polluted are get paid far far less.

Chemical company I worked for closed up and went back to Michigan where it paid it's workers 14 an hour as compared to our 20-25.

Bhopal, Dow insists was due to sabotage. I bet that worker would have been much happier getting a good wage.

Per time played American football and baseball players are way over paid compared to hockey and soccer players.

If actors got no more than a million to play a role. Maybe we could have cheaper movie tickets. Is a million a project not enough!

CEOs can layoff 2000 workers. Increase profits by 1% and get a million bucks for it as a bonus.

How much do you really need, not want, to live a good life?

 

[Christobal]

I think this whole conversation comes from simple envy.

I work hard and contribute to society and these fuckers get paid millions for doing their meaningless shit.

The truth is on a planet of billions of people millions can do your job. Hey you may be great at your job and I mean no disrespect. However there are a very few people that become huge money making stars. By making money I don't mean just for them. They rain money down on anyone in the vicinity of them.

Let's take Brittany Spears. Not the top on my talent list. She fills all the hotel rooms where she preforms. That means jobs from the maids to the bus boys to the valet. It also means business anything 5 blocks down the road make money because the crowds showed up.

Don't envy those who make the big money. Find a way to make it.

 

[Mello_SixtyNine]

They are paid what the market will bear. For example, if Tom Cruise has 4 or 5 bombs in a row, it will affect what a studio will pay him in the future. If he stars in enough bombs, it will get to the point where no studio will hire him.

 

[BotanyBoy]

Actors? Studios seems to think so.

Athletes? Teams and Sponsors seem to think so.

CEOs? Corporate Boards seem to think so.

What do you think?

I think if they are making it then they need to be paid whatever the market says they are worth.

Because I'm not a control freak commie who wishes to determine how much people are allowed to make.

I didn't add Singers/Musicians or Authors to the list because they usually collect royalties based on product sold.

The fuck do you think people who produce entertainment products (studios), athletes and corporate executives get paid on?

I'm a CEO, if I don't produce I don't get paid....

I believe worth is based on your potential to create wealth, which is usually based on previous performance/current potential. If I can make a billion dollars from your talent, then I'll likely pay you the 20 million you demand to act in my movie.

This is pretty spot on.

One could argue that putting in a more consistent quarterback who could manage the game would result in more jerseys and other team merchandise being sold.

And advertising revenue......ticket sales.....NFL sunday ticket subscriptions. Etc.

Much like what happens in companies in which the lives of up to thousands of employees are upended in order to justify paying upper management millions in bonuses ( not to be confused with their regular salaries ).

They don't have to justify anything...they can fire everyone in that fucker if they want, they don't owe anyone shit.

Screwing over most of your team members in order to maintain giving preferential treatment to a few who were responsible for bringing in lackluster profits under their watch.

No they are just getting the best labor for the buck they can like any good company should.

The screwing came from the US Government who made them uncompetitive and legally incapable of being competitive. US labor has been way overpriced for some time now and that has happened because the government forced it.

Yeah, that's a smart business decision.

Go Carrier.

If it's really that bad than the company will collapse and they will all be fucked and suffer the naturally occurring consequences of their actions.

 

[Magnetron]

I think this whole conversation comes from simple envy.

I work hard and contribute to society and these fuckers get paid millions for doing their meaningless shit.

The truth is on a planet of billions of people millions can do your job. Hey you may be great at your job and I mean no disrespect. However there are a very few people that become huge money making stars. By making money I don't mean just for them. They rain money down on anyone in the vicinity of them.

Let's take Brittany Spears. Not the top on my talent list. She fills all the hotel rooms where she preforms. That means jobs from the maids to the bus boys to the valet. It also means business anything 5 blocks down the road make money because the crowds showed up.

Don't envy those who make the big money. Find a way to make it.

The truth is that it isn't necessary to make big money if you aren't a big spender.

And looking back, you'd likely be surprised at the amount of crap you did buy that failed to enhance your life, didn't last because it was poorly engineered mass produced crap or was over priced.