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|Subject: Re: Is your 401(k) Inadequate For Retirement||Date: 7/31/2008 9:23 AM|
|Author: AngelMay||Number: 13761 of 20142|
Personally, I would not want a CEO's job for all the money in China.
A simple life is worth more than CEO's make.
This really depends a lot on what you mean by simple.
Nothing could be more simple than the life of the near-homeless.
He does nothing but work, sleep, eat, work, sleep, eat, work, sleep, eat, work..... very simple. No planning required. The only worries are if he can keep whatever job it is and if he can afford the next meal.
CEOs on the other hand hit the golf course, fly around in private jets, eat at luxurious restaurants -- probably in the Chef's private dining room -- sleep on silk, and are assured that even if they lose their job they will walk away with enough money they wouldn't have to worry for the rest of their lives.
I would be happy to run a company into the ground for a CEOs wages.
Too bad, though, for all those workers who would suddenly be living the "simple" life after the company went away.
CEOs are overpaid.
I think even Warren Buffett would agree with me.
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