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Check out how much the snap-on execs make

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buick64203

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Exactly. No one has a problem with an entertainer making millions, but God forbid a businessman makes millions, he's an evil crook.
 

cundifc

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Look at the pay of any big corporation. The execs are all paid well.
 

OEXL16B

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At least Snap-on is a successful company making a quality product.

The Sears CEO made 10 million in 2011 and his tools are mostly Chinese made ****.

Source
 

malibu101

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Why are you posting this garbage in Tools?

Actually why are you posting it period?

Please don't take this as a smart remark............
But my thoughts are-
It is something that some people might be interested in seeing and it relates to topics discussed here on this site.

The truth is the truth as was posted in the link from the OP. I see nothing wrong with that. He did not add any comments to turn this thread in an ugly direction.

If that is the salary he can draw I say go for it. As was said, that's capitalism.
 

Bill R.

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This is America, we are free to make as much as possible, good for him.

Exactly, assuming he works 48 weeks a year, thats only 33,000.00 a day plus 3 or 4 hundred a day in change. I'm sure he earns every penny of that
 
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buco

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Please don't take this as a smart remark............
But my thoughts are-
It is something that some people might be interested in seeing and it relates to topics discussed here on this site.

The truth is the truth as was posted in the link from the OP. I see nothing wrong with that. He did not add any comments to turn this thread in an ugly direction.

If that is the salary he can draw I say go for it. As was said, that's capitalism.

Thanks, just thought it was relevant.
 
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TwoInch

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Agreed.

But I wonder- How many tools does he have? :headscrat
What tools are in his kitchen junk drawer? :headscrat

Of course he has the entire companys inventory at his beck and call. :rocker:

my guess.... he probably wouldnt wanna get his hands dirty. i doubt anyone with that kinda cash is much of a gear head.

i have been wrong before.
 

zsuperbee

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Snap-on is a cooperation in which the board of directors and stock holders set the executive's pay rate on how they feel he will or has performed.
 

twopints

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I cry bull ****, what does this guy do for his $33000 a day ? dream up new tools, improve production, improve quality ?? maybe how to offshore production to improve profits so he can make $66000 a day next year

Look at what the CEO made in the haydays 1950's and 1960's as a proportion to now, he gets payed that coz thats what he has negotiated, not as to his value to the company
 

383 240z

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Envy much?? They agreed to pay it, he agreed to earn it, you want the same? Spend a decade in college, intern for free for a year or two then go back to business school, and get your masters (at least). Work your *** off (mental work not physical) for 20-25 years, climbing the corp. ladder. For going baseball games with your son, your daughters dance recital, and dinners with your wife, because you were stuck in board meetings, strategic planning sessions, labor relation meetings, developmental sales meetings, solving supply chain, and development issues. Then lets see if you still think it's un-earned income.

Do I think a LOT of Snap-On stuff is over priced? Sure do, however I still have thousands of dollars of it in my large rollaway, so I guess I really don't think its over priced, just expensive. Keith
 

Mister Moose

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...you want the same? Spend a decade in college, intern for free for a year or two then go back to business school, and get your masters (at least). Work your *** off (mental work not physical) for 20-25 years, climbing the corp. ladder. For[get] going [to] baseball games with your son, your daughters dance recital, and dinners with your wife, because you were stuck in board meetings, strategic planning sessions, labor relation meetings, developmental sales meetings, solving supply chain, and development issues. Then lets see if you still think it's un-earned income.

Exactly.

I used to work in an industry where I met a lot of wealthy clients. I would say there are more unhappy wealthy folks than in the general population. They are overworked, overambitious, highly driven people. Their kids are frequently screwed up from money they didn't earn, and the high expectations placed upon them. They are sacrificing a large part of their life to get where they are. Those are the corporate titans.

Old money folks got it from their parents. Whole different dynamic.

A little money gives you comfort, security, and allows you to enjoy your leisure time. A lot of money does NOT improve this. Sure, it lets you drive a Ferrari instead of a Mustang. Are you really going to have that much more fun in the Ferrari driving to the hardware store, or do you just want the ego boost?

Don't begrudge ANYONE the choices they made in life. Those choices all have trade-offs, you just might not see them, but they are still there.

Find your happiness within yourself. Achieve your own goals, balance your work and family, learn to love unconditionally. Happiness won't come from envy, not ever, and you are not in a position to understand what the subject of your envy lives with day to day. Seeking to regulate or legislate the subject of your envy never results in good legislation, because it is based on envy, not good policy.

Let it go.

And by the way, to twopints: There is usually very little difference between what someone negotiates and what they are worth. No one, no company, no board of directors, doesn't like getting their money's worth.
 
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mitusa

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I cry bull ****, what does this guy do for his $33000 a day ? dream up new tools, improve production, improve quality ?? maybe how to offshore production to improve profits so he can make $66000 a day next year

Look at what the CEO made in the haydays 1950's and 1960's as a proportion to now, he gets payed that coz thats what he has negotiated, not as to his value to the company

I agree with you...what can any CEO do that's worth that much money in one day??? Does the companies success have anything to do with their salary??? Doesn't seem to anymore....the ceos of the big banks that lost so much money didn't seem to vary much. Did any of them make substantially less money when their company struggled?

How many of these CEOs sit on other corporate boards? They determine the salary of others, just as others determine their salary. Anything fishy about that? I would think so....

Probably too political...sorry!:sad:
 
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buco

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Envy much?? They agreed to pay it, he agreed to earn it, you want the same? Spend a decade in college, intern for free for a year or two then go back to business school, and get your masters (at least). Work your *** off (mental work not physical) for 20-25 years, climbing the corp. ladder. For going baseball games with your son, your daughters dance recital, and dinners with your wife, because you were stuck in board meetings, strategic planning sessions, labor relation meetings, developmental sales meetings, solving supply chain, and development issues. Then lets see if you still think it's un-earned income.

Do I think a LOT of Snap-On stuff is over priced? Sure do, however I still have thousands of dollars of it in my large rollaway, so I guess I really don't think its over priced, just expensive. Keith

Yep, that is respectable. Nothing but respect for those guys.

However the CEO of my old outfit went to college and got his job from dad's connections, and crashed a company that was making money. A lot of the same management team was brought in on a buddy system.

That's a big problem in todays society, management brought in on politics, not on merit. The right people for the job are not doing the job, and its the average everyday worker that pays the price with his job loss. The senior management moves on with huge payouts and pensions.

Its not only the banks that are run this way.
 

powertrip

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Exactly.

I used to work in an industry where I met a lot of wealthy clients. I would say there are more unhappy wealthy folks than in the general population. They are overworked, overambitious, highly driven people. Their kids are frequently screwed up from money they didn't earn, and the high expectations placed upon them. They are sacrificing a large part of their life to get where they are. Those are the corporate titans.

Old money folks got it from their parents. Whole different dynamic.

A little money gives you comfort, security, and allows you to enjoy your leisure time. A lot of money does NOT improve this. Sure, it lets you drive a Ferrari instead of a Mustang. Are you really going to have that much more fun in the Ferrari driving to the hardware store, or do you just want the ego boost?

Don't begrudge ANYONE the choices they made in life. Those choices all have trade-offs, you just might not see them, but they are still there.

Find your happiness within yourself. Achieve your own goals, balance your work and family, learn to love unconditionally. Happiness won't come from envy, not ever, and you are not in a position to understand what the subject of your envy lives with day to day. Seeking to regulate or legislate the subject of your envy never results in good legislation, because it is based on envy, not good policy.

Let it go.

And by the way, to twopints: There is usually very little difference between what someone negotiates and what they are worth. No one, no company, no board of directors, doesn't like getting their money's worth.
After reading some of your posts, I really like your outlook on america and life in general. It is much like my own.
 

bdamico

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I agree with you...what can any CEO do that's worth that much money in one day??? Does the companies success have anything to do with their salary??? Doesn't seem to anymore....the ceos of the big banks that lost so much money didn't seem to vary much. Did any of them make substantially less money when their company struggled?

How many of these CEOs sit on other corporate boards? They determine the salary of others, just as others determine their salary. Anything fishy about that? I would think so....

Probably too political...sorry!:sad:

(1) it's called supply and demand; (2) they don't
 

Wakefield

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Arlington VA (but would like to get out to country
I agree with you...what can any CEO do that's worth that much money in one day??? Does the companies success have anything to do with their salary??? Doesn't seem to anymore....the ceos of the big banks that lost so much money didn't seem to vary much. Did any of them make substantially less money when their company struggled?

How many of these CEOs sit on other corporate boards? They determine the salary of others, just as others determine their salary. Anything fishy about that? I would think so....

Probably too political...sorry!:sad:

I agree there is a problem in our modern business culture of treating certain people as if they are the owners of our important businesses rather than the top employees of the shareholders-maybe also should feel some responsibility for the workers also?--- not to pick on Snap-on specifically--
I wonder how much Charlie Coughlin made when he was the top man at Briggs and Stratton-think he worked up almost until the year of his death around 1972--might have played college basketball on the same team as Mr. Briggs himself the engineer founder of that American company.
 

Big Johnson

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Good for him. He is living the American dream.

At the hard working mans expense. You have obviously never seen there boxes being repo'd after the guy got laid off. You have obviously never seen somebody ruin there credit(which affects potential jobs) because they couldn't afford to pay the Snap On truck off. Good for the bankers, good for Castro, good for housing lenders giving people approving $350,000 to people I know who had jobs for 1 year, knowing they would never pay it off. Bad for the "average American" who gets by with what he makes in one day for an entire year. The American dream is ruining peoples credit while importing more Chinese made stuff, while making more than ever. In and of itself, your comment seems fine, but reality is he is a shark consuming the American carcass.
 

Moose-LandTran

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At the hard working mans expense. You have obviously never seen there boxes being repo'd after the guy got laid off. You have obviously never seen somebody ruin there credit(which affects potential jobs) because they couldn't afford to pay the Snap On truck off. Good for the bankers, good for Castro, good for housing lenders giving people approving $350,000 to people I know who had jobs for 1 year, knowing they would never pay it off. Bad for the "average American" who gets by with what he makes in one day for an entire year. The American dream is ruining peoples credit while importing more Chinese made stuff, while making more than ever. In and of itself, your comment seems fine, but reality is he is a shark consuming the American carcass.

It's all down to the person who signs the credit agreement. They don't actually force it on people.

I owe my Snap-on dealer £0.18. Because i don't let my spending get out of control, buying what i want as opposed to what i can afford.
 

Big Johnson

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It's all down to the person who signs the credit agreement. They don't actually force it on people.

I owe my Snap-on dealer £0.18. Because i don't let my spending get out of control, buying what i want as opposed to what i can afford.

You have better self control than most, but others are trying to get "the American dream" and being taken advantage of. If I supply drugs to drug addicts, I suppose it is there fault for "ordering" the drugs.
 
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