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cyphire
ParticipantMy company wasn’t a work 12 hours a day, fly by night, vc based, high growth company. I started it with my partner 20.5 years ago. The core of people who were with us from the beginning (and are still with us) are very, very happy with what they got. They were designated as key employees and each got enough to buy a house (or at least most of one!) Our new CEO got a 500K kicker for just being in the company for the last 5 months.
I think that options are a great idea for new startups. High growth potential, high risk. Hard work and they have a stake in the company.
Our business was a nice size and was very profitable, but not growing in profitability. People came in and worked 9-5. Different story. Generally there is a trade off between stability and salary requirements and options given. I would venture to guess that the assemblers won’t get enough to buy a mustang, if the VP of sales and marketing gets a Aston Martin.
ParticipantMy company wasn’t a work 12 hours a day, fly by night, vc based, high growth company. I started it with my partner 20.5 years ago. The core of people who were with us from the beginning (and are still with us) are very, very happy with what they got. They were designated as key employees and each got enough to buy a house (or at least most of one!) Our new CEO got a 500K kicker for just being in the company for the last 5 months.
I think that options are a great idea for new startups. High growth potential, high risk. Hard work and they have a stake in the company.
Our business was a nice size and was very profitable, but not growing in profitability. People came in and worked 9-5. Different story. Generally there is a trade off between stability and salary requirements and options given. I would venture to guess that the assemblers won’t get enough to buy a mustang, if the VP of sales and marketing gets a Aston Martin.
ParticipantNope, my wife is awesome, but not a saint. I would think that you would have more financial sense to buy a 2+M house if it is losing 100K per year or more. Are just baiting me? or would you do something that stupid?
If you have a tear down lot and are building on it, it’s a lot different then going out and buying a house which is poised to topple… Some friends of mine just bought a 3.5M house in OC… I think they are regreting buying it last year.
I spend money like water, quite the opposite from being a skinflint! I’m just not an idiot!
People don’t get rich by making bad investments. Why buy at the top of the market?
My trust isn’t a Bahamian whatever, it’s just a standard trust. It still pays estate taxes, but it avoids probate and as stated before sets up reasonable dollars for my family if and when I die.
ParticipantNope, my wife is awesome, but not a saint. I would think that you would have more financial sense to buy a 2+M house if it is losing 100K per year or more. Are just baiting me? or would you do something that stupid?
If you have a tear down lot and are building on it, it’s a lot different then going out and buying a house which is poised to topple… Some friends of mine just bought a 3.5M house in OC… I think they are regreting buying it last year.
I spend money like water, quite the opposite from being a skinflint! I’m just not an idiot!
People don’t get rich by making bad investments. Why buy at the top of the market?
My trust isn’t a Bahamian whatever, it’s just a standard trust. It still pays estate taxes, but it avoids probate and as stated before sets up reasonable dollars for my family if and when I die.
ParticipantI used to like Hillary – now I don’t. I think she is a luke warm republican, or at least acts like that to get elected. I also think she is pandering with her faith… She loses points for not only indulging in this fantasy, but pandering to the large uneducated religious contingent she wants for voters.
Obama is an unknown, probably just another politician who craves power at some level…
That being said – why don’t you admit that while they might possibly suck, GW is a cancer. You should be apologizing for backing that horse, or at least take responsibility.
Pretty unfair to compare the two – Bush is a criminal…
Hey – good thing he hasn’t outlawed free speech yet… Oh, I forgot, he’s trying to. I hope someone doesn’t kidnap me and fly me to a prison somewhere to be tortured…. Great Judeo-Christian values!
ParticipantI used to like Hillary – now I don’t. I think she is a luke warm republican, or at least acts like that to get elected. I also think she is pandering with her faith… She loses points for not only indulging in this fantasy, but pandering to the large uneducated religious contingent she wants for voters.
Obama is an unknown, probably just another politician who craves power at some level…
That being said – why don’t you admit that while they might possibly suck, GW is a cancer. You should be apologizing for backing that horse, or at least take responsibility.
Pretty unfair to compare the two – Bush is a criminal…
Hey – good thing he hasn’t outlawed free speech yet… Oh, I forgot, he’s trying to. I hope someone doesn’t kidnap me and fly me to a prison somewhere to be tortured…. Great Judeo-Christian values!
ParticipantI agree Nancy. I’ve rewritten this response 6 times. I am so frustrated by that moron president with his ‘values’. His spying, his kidnapping, his warmongering, his lack of values, his belief that Jesus told him to run for president, his low IQ, his embarrassing demeanor, his cabal of fawning sycophants, his long vacations, his lack of reading, his low grades, his off the hook spending, his veto’s to push his religious agenda, his prizing loyalty over competence, his spending 6 years being afraid to give a speech or make an appearance in front of anyone who wasn’t a vetted republican, and the list goes on… and on…
George Bush doesn’t stand for America, he stands for the greedy and the religious right (an immoral and disreputable group if there ever was one).
ParticipantI agree Nancy. I’ve rewritten this response 6 times. I am so frustrated by that moron president with his ‘values’. His spying, his kidnapping, his warmongering, his lack of values, his belief that Jesus told him to run for president, his low IQ, his embarrassing demeanor, his cabal of fawning sycophants, his long vacations, his lack of reading, his low grades, his off the hook spending, his veto’s to push his religious agenda, his prizing loyalty over competence, his spending 6 years being afraid to give a speech or make an appearance in front of anyone who wasn’t a vetted republican, and the list goes on… and on…
George Bush doesn’t stand for America, he stands for the greedy and the religious right (an immoral and disreputable group if there ever was one).
ParticipantSurveyor – If the government would step in and do the job training thats great. You talked about my model. My model was for hiring people who were already in the job market, were middle class, and we tweaked their training.
I’m not the government. I don’t hire people from the streets and teach them how to behave in the business world. I don’t teach them job skills. If you don’t spend the money on the infrastructure, then you have a breakdown. We are in breakdown.
You made some reasonable statements that government doesn’t do the job as well as business which has competition and profit pressure. Problem is that business only goes where the easy money is, it doesn’t take on fixing societies ills. That’s governments job. The current administration has the morals of a pit viper. They have squandered our credibility in the world, our money to those who don’t need it, and brought forward a religious agenda which is not just immoral but embarrassing in a modern society.
So the answer isn’t to let government to leave us alone, the answer is to call on government when no one else will step up to the plate.
And jg… What are you talking about? Do you really feel that this administration is anything other than corrupt and morally reprehensible? What statements?
ParticipantSurveyor – If the government would step in and do the job training thats great. You talked about my model. My model was for hiring people who were already in the job market, were middle class, and we tweaked their training.
I’m not the government. I don’t hire people from the streets and teach them how to behave in the business world. I don’t teach them job skills. If you don’t spend the money on the infrastructure, then you have a breakdown. We are in breakdown.
You made some reasonable statements that government doesn’t do the job as well as business which has competition and profit pressure. Problem is that business only goes where the easy money is, it doesn’t take on fixing societies ills. That’s governments job. The current administration has the morals of a pit viper. They have squandered our credibility in the world, our money to those who don’t need it, and brought forward a religious agenda which is not just immoral but embarrassing in a modern society.
So the answer isn’t to let government to leave us alone, the answer is to call on government when no one else will step up to the plate.
And jg… What are you talking about? Do you really feel that this administration is anything other than corrupt and morally reprehensible? What statements?
ParticipantHey PD. American’s paying twice on the same money? You mean the tiny fraction of the wealthy. Sorry dude, those workers you were talking about need to leave 3-5 million dollars or more to their heirs. Thats not American’s, thats the 1%.
I am not advocating changing the capitalist system, just making it more fair. I love how everyone thinks the economy is doing great. The economy isn’t doing great, the wealthy are.
Am I guilty about making most of the money in selling my company? Maybe a little? Possibly. The funny thing is that we had some people in our company making 50% more than they should have. But they have been with us for more than a decade – so we did reward the people with profit sharing, way above average salaries, and a matched 401K. Thats why they didn’t leave. When I started my company I worked 15 hours a day for a year and a half. I took 8 days off during that period (I’m including weekends and holidays – I worked 7 days a week.). I took chances that none of my employees could conceive of (like leaving a good paying job), and when they went home to relax and spend time with the family – I went home to write more code (I had to run the company during the day). It paid off and I deserve it. But if I was told that the tax rate would be 15% higher – I would have worked just as hard.
PD – I agree about the social services. As I said, I’m not a bleeding heart. I would spend a LOT more money in watchdogs for government. For every 15 dollars in military spending I would spend 1 $ in oversight (right now it’s probably about .002 cents!) That would actually probably save a 1/3rd of our budget. I hate waste, but I hate saying that if it’s wasteful just forget the whole thing. Sounds too much like the scene in Oliver (the musical) where the poor boys are eating gruel, and the guys in charge of the work house are eating a huge sumptuous dinner!
Being a business person – I would love to apply good management techniques, good budgeting, and true forecasting to what is right now a shambles… But most of all as a person with a social conscience, and a person with a well developed moral code (away from the influence of religion and cults), I would love to try to fix the problem, not get rich off it and say ‘ oh well – thats all they deserve ‘. (I’m not directing that at you PD).
p.s. The world wouldn’t end if executives had to fly first class and actually had to perform to earn money. It also woudn’t end if instead of 30 Million an exec made 3 million (or a hedge fund manager made 10 million, not 150 million). It would only depress the real estate market in La Jolla and Vail.
ParticipantHey PD. American’s paying twice on the same money? You mean the tiny fraction of the wealthy. Sorry dude, those workers you were talking about need to leave 3-5 million dollars or more to their heirs. Thats not American’s, thats the 1%.
I am not advocating changing the capitalist system, just making it more fair. I love how everyone thinks the economy is doing great. The economy isn’t doing great, the wealthy are.
Am I guilty about making most of the money in selling my company? Maybe a little? Possibly. The funny thing is that we had some people in our company making 50% more than they should have. But they have been with us for more than a decade – so we did reward the people with profit sharing, way above average salaries, and a matched 401K. Thats why they didn’t leave. When I started my company I worked 15 hours a day for a year and a half. I took 8 days off during that period (I’m including weekends and holidays – I worked 7 days a week.). I took chances that none of my employees could conceive of (like leaving a good paying job), and when they went home to relax and spend time with the family – I went home to write more code (I had to run the company during the day). It paid off and I deserve it. But if I was told that the tax rate would be 15% higher – I would have worked just as hard.
PD – I agree about the social services. As I said, I’m not a bleeding heart. I would spend a LOT more money in watchdogs for government. For every 15 dollars in military spending I would spend 1 $ in oversight (right now it’s probably about .002 cents!) That would actually probably save a 1/3rd of our budget. I hate waste, but I hate saying that if it’s wasteful just forget the whole thing. Sounds too much like the scene in Oliver (the musical) where the poor boys are eating gruel, and the guys in charge of the work house are eating a huge sumptuous dinner!
Being a business person – I would love to apply good management techniques, good budgeting, and true forecasting to what is right now a shambles… But most of all as a person with a social conscience, and a person with a well developed moral code (away from the influence of religion and cults), I would love to try to fix the problem, not get rich off it and say ‘ oh well – thats all they deserve ‘. (I’m not directing that at you PD).
p.s. The world wouldn’t end if executives had to fly first class and actually had to perform to earn money. It also woudn’t end if instead of 30 Million an exec made 3 million (or a hedge fund manager made 10 million, not 150 million). It would only depress the real estate market in La Jolla and Vail.
ParticipantGovernment spending is inefficient, but it’s the glue that keeps society from much worse things. Greedy people who can’t think past their bank account (you know who you are!), but more importantly graft reduction, social programs, health care for those who don’t have it, and public services for a population who are being screwed over by an apathetic and unenlightened population of morally challenged Republicans (many of them).
By the way… Greedy dirty guys like Bush are the reason that Katrina didn’t get relief. When you elect a not very bright party boy who values loyalty over competence, you get what you deserve. You don’t have to tell me jg you voted for him. I know that. But you can’t vote for a guy because he shares your morally indefensible belief system, then repudiate him and his evil minions.
The depression won’t only come because of the government. It comes from the Republican ripoff artists who have made any previous administration look like a bunch of careful and prudent investors. The only thing that Bush invested in was his faith based immoral stance and lining the pockets of the wealthy.
Sorry… Had to say it… You deserve the government you have.
ParticipantGovernment spending is inefficient, but it’s the glue that keeps society from much worse things. Greedy people who can’t think past their bank account (you know who you are!), but more importantly graft reduction, social programs, health care for those who don’t have it, and public services for a population who are being screwed over by an apathetic and unenlightened population of morally challenged Republicans (many of them).
By the way… Greedy dirty guys like Bush are the reason that Katrina didn’t get relief. When you elect a not very bright party boy who values loyalty over competence, you get what you deserve. You don’t have to tell me jg you voted for him. I know that. But you can’t vote for a guy because he shares your morally indefensible belief system, then repudiate him and his evil minions.
The depression won’t only come because of the government. It comes from the Republican ripoff artists who have made any previous administration look like a bunch of careful and prudent investors. The only thing that Bush invested in was his faith based immoral stance and lining the pockets of the wealthy.
Sorry… Had to say it… You deserve the government you have.
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