Someone emailed me the following, figures detailing the pay packet for American Presidents. All figures are in US dollars. Traditionally, the president is the highest-paid public employee. President Bush currently earns $400,000 per year, along with a $50,000 expense account, a $100,000 nontaxable travel account, and $19,000 for entertainment. A mediocre amount, in my opinion, when comparing to CEOs with similar responsibility. What do you think? Comment bellow. (Be nice!)
| Date established | Salary | Salary in 2007 dollars |
|---|---|---|
| September 24, 1789 | $25,000 | $566,000 |
| March 3, 1873 | $50,000 | $865,000 |
| March 4, 1909 | $75,000 | $1,714,000 |
| January 19, 1949 | $100,000 | $875,000 |
| January 20, 1969 | $200,000 | $1,135,000 |
| January 20, 2001 | $400,000 | $471,000 |
“A man can be as great as he wants to be. If you believe in yourself and have the courage, the determination, the dedication, the competitive drive and if you are willing to sacrifice the little things in life and pay the price for the things that are worthwhile, it can be done.” – Vince Lombardi
Vince was right when he stated the above; you can have/be/do anything you heart desires. The only requirements are, simply, that you have appropriate goals and make the right choices.
TBC
You may think movie stars make big bucks, which is true in a way. But when you look at the commission they receive for their films, you realise that they don’t (statistically) get a good deal at all.
For example Matt Damon, for his last three films, has earned $1 for every $29 he generated for the studios.
Think of it this way.
Last year, a sales person I know personally, generated $1 million dollars profit (not revenue, but profit). Of this he took home about $100,000 in addition to his base salary of $80,000 plus super. All up he earned circa $200,000 before tax.
That works out to a 20% cut of earnings, or put another way, he earns $1 for every $5 profit he creates for the company. A stark contrast to the ratio Matt Damon receives.
With Damon’s commission structure, the sales person’s commission would be reduced to $34,500. This would reduce his total salary by $65,000 per year, roughly a third (32.5%) of his take home wage.
So the next time you tell yourself movie stars make the big bucks, just remember more than likely, you make a bigger cut of your sales than they do.
