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Pretty Soon You’re Talking Real Money

Pretty Soon You’re Talking Real Money

People complain about huge salaries for executives, even those who are doing well and provide great return for shareholders.

I don’t know, but if I’m offering a coach 90 to 100 million dollars over a decade contractually, I’d expect that coach to win every game. If I were paying $20 million a year to a receiver, I’d expect him to catch every single pass.

Tom Brady made $475 million over his career, probably the finest athletic performance in any team sport. Now that was a good investment.

Sandy Koufax, for my money the greatest pitcher in the history of baseball (27-5 with mostly complete games one year in which the Dodgers averaged less than two runs per game, and a career .67 earned run average in World Series play) earned $70,000 in 1963, which is slightly under $700,000 today, which is what they pay a weak-hitting shortstop.

Some things are hard to comprehend. But I do know that throwing money at a problem seldom fixes it, and giving more money to unhappy employees simply creates wealthier, unhappy employees.



Written by

Alan Weiss is a consultant, speaker, and author of over 60 books. His consulting firm, Summit Consulting Group, Inc., has attracted clients from over 500 leading organizations around the world.

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