Friday, April 17, 2015

People Will Pay for What They Want 2

I just caught this on CNN.com

Nick Woodman started GoPro cameras and his compensation for one year including the GoPro Stock package was???????

$284.5 MILLION


Nick Woodman, the surfer turned billionaire, is about to become the highest paid executive in America. 
The 39-year-old GoPro (GPRO) CEO was awarded a package of restricted stock units that at the end of 2014 was valued at an eye-popping $284.5 million. 
That makes Woodman the No. 1 American executive in the Bloomberg Pay Index, a daily ranking of executives based on their compensation. Technically, Woodman hasn't received all of the stock awards yet. He got them "on paper" in early 2014, but they are paid out monthly over the span of several years, according to filings
Obviously the American people feel that ole Nick is worth that since they purchased a sufficient number of GoPro cameras to justify a salary of $284.5 million. Let's put this in perspective; the median pay for a dentist according to Salary.com is $150,194.

So the American people will pay virtually anything for a GoPro camera but complain bitterly when they go to the dentist.  The camera CEO earns 1893 TIMES more than the dentist.. The dentist charges too much but the camera guy doesn't

Something to think about.