JPF Home Page Forums General Messages Brian Austin Whitney Blog Friday, January 12th, 2007

Herbie,

250 million is just fine. You see, what if he provides the boost in ticket sale and TV rights and US support for soccer and the brands he represents that they want for their 250,000,000? If he does, they are going to make a LOT more than that? So isn't he the most deserving entity of all to get that money? Should he take 50 million so that Nike or whoever can make the other 200 million extra? Why is that a good thing? I'd much rather see the people directly putting it on the line make the big money than the souless corporations because all they are are machines... give the money to the HUMANS who create the interest/wealth/value. The corporations will still get their cut. Imagine.. if he's getting 250 mill.. they must expect to get billions in return. Sounds pretty fair to me. And if it fails? That's part of the risk that set his value. If he was a sure thing/non failure, they would have had to give him a billion dollars probably.

As for corporate heads making too much money.. as a stockholder in several companies, I try to find companies with responsible boards and representation of the rank and file stockholders. When that isn't available, or you have stockholder apathy, you get bad deals like the Home Depot guy. Those board members should all be fired (i.e. unelected). But most likely shareholder apathy won't change a thing (just like voter outrage rarely plays out in full force at the polls).

If I decide I want to pay Herbie a billion dollars because he can do something that will have a good shot at earning me 10 billion dollars.. who is to say Herbie isn't worth it? Especially if it's MY money in the first place? Is it better to spend it on one thing than another? Would buying more yachts and sports cars and fancy houses be better? In reality, a huge chunk of that money goes directly into the TAX base.. the rest will likely either get invested in other companies or spent on items that drive the economy. So what difference does it make, in the end, if 1 guy spends it or 100 guys spend it?

Brian