Well whatever level they are at I'm very sure that they have quite a long way to go if they ever want to catch either Bill Gates or Mark Zuckerberg lol.
Are Erik Allebest(erik) and Jarom Severson(Jay) millionaires?
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Jun 29, 2018
0
#23
Unikat-Automat wrote:
batgirl, pls, just delete this stupid forum
Why? She seems to be having a good time
You know, oneth, twoth, threeth...
I won't speak about Erik's finances but bitcoin did take a bath this week. 
Jul 1, 2018
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#28
Preggo_Basashi wrote:
batgirl wrote:
It's rather gauche to discuss someone's earnings. Whatever it might be, they've earned it through their hard work, risk and fairness.
Mostly just 2 things: risk and circumstance.
Sure there's work involved, but the important work is done by people with actual skills, the people who are hired.
Fairness is a weird one to throw in.
Employees are not the ones who created the company.
Jul 1, 2018
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#29
Complainer wrote:
Preggo_Basashi wrote:
batgirl wrote:
It's rather gauche to discuss someone's earnings. Whatever it might be, they've earned it through their hard work, risk and fairness.
Mostly just 2 things: risk and circumstance.
Sure there's work involved, but the important work is done by people with actual skills, the people who are hired.
Fairness is a weird one to throw in.
Employees are not the ones who created the company.
"Creating" a company in that sense merely involves signing some papers at the bank, mailing some forms to state agencies, paying some fees, etc.
Practically anyone can do it.
Creating a profitable company is entirely different 
Jul 1, 2018
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#30
By the way my grandfather founded an oil company. My father started and ran some restaurants.
Is it hard work? Does it take intelligence and commitment (and capital?)
Of course. Quite a lot. At least in the beginning...
And no one is smart and hard working enough to run everything. You have to have talented employees... and sometimes those employees are... very capable It's just they didn't happen to have the capital or motivation to sign those forms so they're not the boss.
Jul 1, 2018
0
#31
Preggo_Basashi wrote:
Complainer wrote:
Preggo_Basashi wrote:
batgirl wrote:
It's rather gauche to discuss someone's earnings. Whatever it might be, they've earned it through their hard work, risk and fairness.
Mostly just 2 things: risk and circumstance.
Sure there's work involved, but the important work is done by people with actual skills, the people who are hired.
Fairness is a weird one to throw in.
Employees are not the ones who created the company.
"Creating" a company in that sense merely involves signing some papers at the bank, mailing some forms to state agencies, paying some fees, etc.
Practically anyone can do it.
Creating a profitable company is entirely different
That's my point. The people who are hired are the ones who didn't came up with the idea for this company. Also in many tech-start ups the ceo and his co-founders are heavily involved in the success of the company. They do so much. They take important decisions, hire the right people etc.
Leading a company isn't just filling out forms.
I'm not saying that employees are unimportant but no everyone has the guts to risk something in life.
Jul 1, 2018
0
#32
Preggo_Basashi wrote:
By the way my grandfather founded an oil company. My father started and ran some restaurants.
Is it hard work? Does it take intelligence and commitment (and capital?)
Of course. Quite a lot. At least in the beginning...
And no one is smart and hard working enough to run everything. You have to have talented employees... and sometimes those employees are... very capable It's just they didn't happen to have the capital or motivation to sign those forms so they're not the boss.
I agree with you. I never said that employees do nothing. Employees are an important part of a company. But there is a reason why certain people lead a company and some people not. Not everyone can put all the pieces together to make a successful business.
Jul 1, 2018
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#33
I guess my point is it's pretty common to have not much of a skill, motivation, and intelligence gap between some senior people and CEO (often CEO being on the lower end if the business becomes very big) but the pay gap is enormous.
Is that fair? Sure. In some sense maybe it is. If that's what it takes for society to work it's at least functional. Usually though people attach other nebulous qualities to what is and isn't fair.
Jul 1, 2018
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#34
Preggo_Basashi wrote:
I guess my point is it's pretty common to have not much of a skill, motivation, and intelligence gap between some senior people and CEO (often CEO being on the lower end if the business becomes very big) but the pay gap is enormous.
Is that fair? Sure. In some sense maybe it is. If that's what it takes for society to work it's at least functional. Usually though people attach other nebulous qualities to what is and isn't fair.
Well, of course it is fair that a CEO earns more money than an employee. The CEO makes the decisions and takes responsibility for them. If something goes wrong he/she is at fault. This is a huge burden/blessing. This way an employee like for example a programmer can concentrate on what he does best. Speaking of motivation you have to think about what kind of motivation you mean.
A CEO was very motivated to create a business and lead it.
An employee is only motivated to do his work as good as possible because he believes in what the boss is doing. Otherwise he could make a business on his own.
A CEO doesn't need to have the same skill, intelligence or whatever like a talented employee. He needs other skills.
Jul 1, 2018
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#35
Skills like having sufficient capital to invest
And reading earning reports between golf games 
Risks like government bailouts and off shore accounts 
But ok, I made the points I wanted to make, and I agree with a non-zero amount of what you're saying 
Jul 1, 2018
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#36
So you're saying that CEOs have no skills? Have you ever worked in a tech company before? If my boss doesn't know a thing about web developement and the business around it I would be seriously worried about the future of the company.
Jul 1, 2018
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#37
Complainer wrote:
So you're saying that CEOs have no skills?
no, I'm not saying that
Jul 1, 2018
0
#38
Preggo_Basashi wrote:
Skills like having sufficient capital to invest
And reading earning reports between golf games
Risks like government bailouts and off shore accounts
But ok, I made the points I wanted to make, and I agree with a non-zero amount of what you're saying
These are pretty negative examples and not representative at all.
Jul 1, 2018
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#39
Yeah, imagine that. It's a mystery for sure. One for the ages.
You know, if there's one type of person I respect it's someone with money. I know chess rating doesn't = intelligence, but I know for sure bank account rating does.
So even though I don't know Erik I'm going to post a lot about how he's a big smart man, with a big brain, big balls, and big -- oh God Erik if you're reading this please love me -- heart. Big heart. Heart was the last one.
Jul 1, 2018
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#40
Also it's a comforting idea that everyone in the world always gets exactly what they deserve. No more. No less.
That means I don't have to care about people less fortunate, and I don't have to feel animosity towards those more fortunate. Everything is as it should be. Always. In the Happy Place. Forever.
Kudos to the free market system and to those able to reap in the rewards it may bring them.