dbrown20
12-29-2006, 08:31 PM
A couple or maybe three years ago I looked up the figures on the following comparisons, but the message is still valid.
I noticed with interest some recent stories in national magazines about compensation for the CEO'S of large corporations.
Everyone agrees this class of priviledged are vastly overcompensated. Even when their companies do poorly, they still do well.
These huge corporations are very bureaucratic and major decisions are made with the advise of a large staff and a board of directors. Doesn't seem to terribly difficult to me.
Let's compare their compensation of several million per yr. plus golden parachutes, stock options etc. with that of a U.S.Navy C.O. of a Nimitz class aircraft carrier.
The C.O. of a Nimitz class carrier is a U.S. Navy Capt. (4 striper) with around 20 plus years service and he or she would have a base pay of approx. $191,882 annually. Probably also flight pay and pro pay added in also. Anyway about $200 thousand annually I'd guess. This person is responsible for a vessel costing approx. $4.5 billion. Additionally the C.O. is responsible for the lives of about 5000 to 6000 personnel , including the air wing when underway.
I've not calculated the cost of the aircraft and other variables, but we all know it's considerable.
If this person manages to do approx. 30 years service and may even make admiral he or she might be able to retire with 75% of his base pay annually.
This assumes there are no screwups that may get he or she relieved of command during his or her career.If everything goes as planned this person may be retired with about $6000 to $7000 monthly plus some medical benefits. I only figured this for Capt.
From all this it appears that the executives need a huge decrease or the military needs a huge increase.
Military people put their lives on the line at times. Sometimes executives also run the risk and hazard of the occasional errant golf ball at their local country club (dues paid by the corp) and also the stress of looking over their golden parachute packages with their CPA may cause hyperventilation or heart palpitations. It's the excitement getting to them I guess.
Ain't life a bitch? dbrown20 Hi Bill.
I noticed with interest some recent stories in national magazines about compensation for the CEO'S of large corporations.
Everyone agrees this class of priviledged are vastly overcompensated. Even when their companies do poorly, they still do well.
These huge corporations are very bureaucratic and major decisions are made with the advise of a large staff and a board of directors. Doesn't seem to terribly difficult to me.
Let's compare their compensation of several million per yr. plus golden parachutes, stock options etc. with that of a U.S.Navy C.O. of a Nimitz class aircraft carrier.
The C.O. of a Nimitz class carrier is a U.S. Navy Capt. (4 striper) with around 20 plus years service and he or she would have a base pay of approx. $191,882 annually. Probably also flight pay and pro pay added in also. Anyway about $200 thousand annually I'd guess. This person is responsible for a vessel costing approx. $4.5 billion. Additionally the C.O. is responsible for the lives of about 5000 to 6000 personnel , including the air wing when underway.
I've not calculated the cost of the aircraft and other variables, but we all know it's considerable.
If this person manages to do approx. 30 years service and may even make admiral he or she might be able to retire with 75% of his base pay annually.
This assumes there are no screwups that may get he or she relieved of command during his or her career.If everything goes as planned this person may be retired with about $6000 to $7000 monthly plus some medical benefits. I only figured this for Capt.
From all this it appears that the executives need a huge decrease or the military needs a huge increase.
Military people put their lives on the line at times. Sometimes executives also run the risk and hazard of the occasional errant golf ball at their local country club (dues paid by the corp) and also the stress of looking over their golden parachute packages with their CPA may cause hyperventilation or heart palpitations. It's the excitement getting to them I guess.
Ain't life a bitch? dbrown20 Hi Bill.