Thread: 21 million...
View Single Post
  #75   Report Post  
posted to rec.boats
iBoaterer[_2_] iBoaterer[_2_] is offline
external usenet poster
 
First recorded activity by BoatBanter: Sep 2011
Posts: 7,588
Default 21 million...

In article ,
says...

On 6/19/12 1:40 PM, iBoaterer wrote:
In article , dump-on-
says...

On 6/19/12 12:58 PM,
wrote:
On Tue, 19 Jun 2012 12:16:57 -0400, JustWait
wrote:

On 6/19/2012 12:10 PM,
wrote:
On Tue, 19 Jun 2012 08:17:28 -0700 (PDT),
wrote:

On Tuesday, June 19, 2012 2:45:24 AM UTC-4, Boating All Out wrote:
In ,
says...


Knowing what everyone else makes is a union/government thing. Most
corporations have a confidentiality policy on salaries but they are
also merit based companies not simply time in grade,.

Your view is noted and rejected. Sounds like a culture issue.
I spent decades in salaried/bonused private enterprise.
As I said, I always knew ballpark what others were earning.
If you're competent and competitive, you wouldn't want it otherwise.
People talk. You can choose to not inquire, and keep your ears closed.
Best to know the market price of your abilities/products.
"Quiet rooms" never was my style.
Runs counter to keeping others' hands off my wallet.

I call BS. While I agree that it is a cultural thing to not discuss this among friends and relatives locally, I know it is officiallydiscouraged at the company I work for. Just for fun I polled some friends who work at large companies in big cities... without anexception, they say that they are officially not allowed to discuss salary or bonus structure with peers, and doing so can, and has,led to dismissal. The only people they are allowed to discuss this

with is their direct leader and HR. They know their direct report'ssalaries, of course, as they are involved with reviewing them and adjusting their compensation.

That was certainly true at IBM and Centex where my wife worked.

I do understand why when it is a merit based pay system. The good guys
make a whole lot more than the marginal guys.

it's the way it is everywhere. harry is just trying desperately to cover
for yet another lie...

If you live in a place where everyone works for the government or is
in a union, their salary is public knowledge.

When we did have those salary conversations at IBM it never turned out
well. The only one who was surprised about who made the most and least
was the person who made the least and he was ****ed.
It did make it clear that there was a merit component.
They mitigated that a little by staggering the pay raise schedules so
people could rationalize that they still had a raise coming.

At centex the salaries were fairly flat in a given step and length of
service but the bonus could really be a 5 figure number. That was
based purely on performance. That was the one people didn't talk about
much but if you looked at the performance chart on the wall it was
easy to guess.

In 2005 when they were really banging out houses, my wife's bonus
bought a new car, after taxes.


At the two large ad agencies I worked for, everyone knew everyone else's
salary in account services. For those of us who brought in new business
and serviced accounts, it was easy. We got a base salary and a healthy
percentage of the business we handled. At one AAAA agency in DC where I
worked for a number of years, I ended up as the account exec *and*
copywriter on three accounts, which made those accounts very profitable.
This was in the early to mid 1970's. My base salary was, if memory
serves, about $45,000 and the agency's gross commissions on the ad and
PR business I managed amounted to about a million dollars. Those
accounts would have require several copywriters, but the agency didn't
have to pay for them. That's when I first started earning in the six
figures, and on someone else's payroll. I wasn't yet 30, and all I had
were liberal arts degrees. In English.


"Self praise sucks" Harry Krause 2012.


When you grow up and get a job, Loogy, maybe your wife and daughter will
take you back.


Hey, idiot, I'm not Loogy, I'm not married, and I have no kids that I
know about. I've offered a bet to both you and Don, why don't you two
grow a pair and pony up some real money?