General Discussion

AlexSatan

(535 posts)

21. Bingo

Thu Nov 29, 2012, 05:29 PM

Nov 2012

When I was thinking about what I would do if I actually won, all I could think about is what a headache it would be to deal with that much. Even finding worthy charities to give much of it too would be a big time-sink. I also worried about what it might do to the relationship between my wife and I. I think we'd be OK but it is still a concern when you see the stories of other winners.

I can't fathom, and would not want, getting that much for multiple years. It really makes you wonder why people even want it.

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A Thought on The Record Powerball Jackpot ... [View all] 1StrongBlackMan Nov 2012 OP

You don't think that running the largest, most profitable company deserves a high compensation? TrueBlueinCO Nov 2012 #1

He doesn't 'run' it, the workers do leftstreet Nov 2012 #2

No. The shareholders own it. TrueBlueinCO Nov 2012 #3

yeah leftstreet Nov 2012 #5

Technically, Apple's shareholders 'own' it and elect a Board of Directors to coalition_unwilling Nov 2012 #4

In the old days we'd say pay the CEO enough not to rip-off the company HereSince1628 Nov 2012 #7

Yes ... 1StrongBlackMan Nov 2012 #11

He makes the strategic decisions that determine what those workers do TrueBlueinCO Nov 2012 #13

You may be surprised at how many DU'ers would answer that with ...... A HERETIC I AM Nov 2012 #14

I feel sorry for them... TrueBlueinCO Nov 2012 #18

You deserve to earn what you do. You started a small business and you provide the direction... RagAss Nov 2012 #43

Good for you ... 1StrongBlackMan Nov 2012 #17

So true...even the best CEO's are right only 60% of the time.... RagAss Nov 2012 #44

Who the hell is saying they should make more than you do? EOTE Nov 2012 #22

Nope, Sekhmets Daughter Nov 2012 #28

Show me anybody saying that? nadinbrzezinski Nov 2012 #37

Actually, you won't find ANY. EOTE Nov 2012 #38

True, I was thinking both here and other places. nadinbrzezinski Nov 2012 #40

Cat got your tongue? EOTE Nov 2012 #39

I think there is a difference between a high salary and ... Marrah_G Nov 2012 #25

No, I don't. Sekhmets Daughter Nov 2012 #26

$550 million was the annuitized, and it went up to $587.5 million before the drawing. RomneyLies Nov 2012 #6

Actually the Powerball's annuity payments are stepped up every year ... A HERETIC I AM Nov 2012 #15

But does the first payment Sekhmets Daughter Nov 2012 #27

I tried to find an annuity calculator online to give you a definitive answer... A HERETIC I AM Nov 2012 #30

I am sorry Sekhmets Daughter Nov 2012 #31

It was no trouble, but I must admit I could be totally wrong! A HERETIC I AM Nov 2012 #34

Hmmm, Sekhmets Daughter Nov 2012 #35

It seems to me the ticket price increase covers 2 things A HERETIC I AM Nov 2012 #36

I see. Sekhmets Daughter Nov 2012 #45

He is responsible for duping a bunch of 'hipster dufuses' (the character of Elaine on Seinfeld coalition_unwilling Nov 2012 #8

Yup. And made the shareholders billions of dollars in the process. TrueBlueinCO Nov 2012 #9

Full disclosure: I've discovered that the various mutual funds in my IRA coalition_unwilling Nov 2012 #10

You are not alone ... 1StrongBlackMan Nov 2012 #12

better question onethatcares Nov 2012 #16

+1 redqueen Nov 2012 #19

thanks onethatcares Nov 2012 #20

Bingo AlexSatan Nov 2012 #21

that has always been my question shanti Nov 2012 #23

There is no justification for it. redqueen Nov 2012 #24

And even less ... 1StrongBlackMan Nov 2012 #29

Running a business is more respectable than gambling gravity Nov 2012 #32

Which destroys the earth more? NoOneMan Nov 2012 #33

Well externalizing costs is not something we nadinbrzezinski Nov 2012 #42

When they bring production back to the us nadinbrzezinski Nov 2012 #41