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Originally Posted by Irace86.2.0
Yeah, my bad. I saw you brought up Dell and forgot the CFO in the video is from Yahoo and just mixed up the two. My comments were directed generally at billionaires and really high earning millionaires and at Ken Goldman from the video, a man who made about $4.5 million a year, which isn't as much as his boss who was making $17 million a year. Crazy to think that someone earning $50-100k in the company is making 0.3-0.5% of her salary, or said another way, she is making 170-340x their salaries.
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Here we go off topic. Come along for the ride.
I have read that past a certain level of wealth money no longer becomes a utility to be used. It becomes a measure to compare one's position to another.
There isn't much difference in utility between $100 million and $200 million but the the person with $200 million can I say am positioned higher than my neighbour who only has $100 million. That is, it becomes a purely measure of status. I have read this why CEOs demand so much money; not for what the money could do for them but as a means to be compared to their peers.