Maybe if you played more sports as a kid...

dd74 · 06-03-2008, 01:49 PM

...you could be like one of these 50 athletes...

http://sportsillustrated.cnn.com/more/specials/fortunate50/2008/index.html

Racerbvd · Racerbvd's Garage

No BMXers in there

JV911SYDNEY · JV911SYDNEY's Garage

staggering figures

what i dont get is how people complain when the CEO of a multinational company takes home, say $5mil plus incentives, but its ok to pay athletes 10 times that

???

Joeaksa · 06-03-2008, 03:21 PM

I know a few pro athletes and you need to also ask them about their quality of life after a few years in the sport. Knees, elbows, and especially backs.

I want to move when I am able to enjoy life. Many of these people will not be in the same boat.

dd74 · 06-03-2008, 03:32 PM

Quote:

Originally Posted by JV911SYDNEY

staggering figures

what i dont get is how people complain when the CEO of a multinational company takes home, say $5mil plus incentives, but its ok to pay athletes 10 times that

???

The phrase that best sums it up is: "Be like Mike."
Someone will always arrive with an open wallet, ready to buy jerseys, shoes, baseball caps, etc., all of which puts money in these guys' pockets.

NASCAR races are really a sight to see. Each driver has at least two big-rig trailers. One for the car(s), parts and tools, the second for the merchandise. On race Sundays, it's like an open-air market.

Moses · 06-03-2008, 03:32 PM

Quote:

Originally Posted by JV911SYDNEY

what i dont get is how people complain when the CEO of a multinational company takes home, say $5mil plus incentives, but its ok to pay athletes 10 times that

???

How do you not "get it"? Athletes are in the entertainment industry. They sell tickets, TV advertising and consumer products. Just like Oprah, they leverage their value on the open market. Like you and me they are worth every penny someone is willing pay them.

the · 06-03-2008, 03:35 PM

Yep, they earn every penny they make, and they make lots of other people richer in the process, too.

the · 06-03-2008, 03:35 PM

Yep, they earn every penny they make, and they make lots of other people richer in the process, too.

Tiger Woods is a great example. Without Tiger, Phil Mikelson would be the #1 golfer in the world (instead of #2). And as #1, he would make 1/4 the amount of money he makes as #2 behind Tiger.

Seric · 03:56 PM

International? F1 drivers?

I wonder how much they make off endorsements..

dd74 · 06-03-2008, 05:20 PM

Quote:

Originally Posted by Seric

International? F1 drivers?

I wonder how much they make off endorsements..

A lot. I think the SI article focused on American athletes. Soccer players make quite a bit too.

Joeaksa · 06-03-2008, 05:59 PM

Quote:

Originally Posted by the

Yep, they earn every penny they make, and they make lots of other people richer in the process, too.

Tiger Woods is a great example. Without Tiger, Phil Mikelson would be the #1 golfer in the world (instead of #2). And as #1, he would make 1/4 the amount of money he makes as #2 behind Tiger.

Good friend of mine flies Phil around the world. He works very hard for his money but says that Phil is a gent and that helps a lot.

I would not fly for Tiger no matter what he paid. Do not need money bad enough. I used to fly Payne Stewart and the stories he told were enough...

Joe

JV911SYDNEY · JV911SYDNEY's Garage

Quote:

Originally Posted by Moses

How do you not "get it"? Athletes are in the entertainment industry. They sell tickets, TV advertising and consumer products.

no, i understand why they make what they make and have no problem with it

its OT but what i dont understand is why people complain about CEOs making so much money...a large company could employ 10,000 + people...the CEO has a responsibility to all of the employees and shareholders, slave their a$$ off day in day out and should be rewarded accordingly

we call it the "tall poppy" syndrome

BRPORSCHE · 06-03-2008, 07:31 PM

Yeah that was just for American citizen's. Say's so in the last sentence.

http://www.f1way.com/news/2008/june/3/f1-stars-among-worlds-top-sports-earners

Here is an article with the F1 drivers. Most notably, Kimi has a 46 Million dollar salary. Now with all his endorsments that figure may be a bit higher.

Tobra · Tobra's Garage

Quote:

Originally Posted by Joeaksa

I know a few pro athletes and you need to also ask them about their quality of life after a few years in the sport. Knees, elbows, and especially backs.

I want to move when I am able to enjoy life. Many of these people will not be in the same boat.

That is why I never played football or pursued sports as a youth. Saw what it did to my dad, he played with Night Train Lane, was referred to as "Big Train". All my parts work fine and I take care of myself. I figure to be a very old man one day, be a shame not to be able to move.

I can tell you, Dr J has some nasty looking feet.

KFC911 · 06-04-2008, 04:03 AM

Quote:

Originally Posted by JV911SYDNEY

....its OT but what i dont understand is why people complain about CEOs making so much money...a large company could employ 10,000 + people...the CEO has a responsibility to all of the employees and shareholders, slave their a$$ off day in day out and should be rewarded accordingly....

I have a problem when a CEO can make a huge fortune in just a few short years while essentially running a corporation into the ground. I worked for Wachovia many years ago, when it's CEO was generally regarded as one of the best in the country. Since his retirement, successive CEO salaries have absolutely skyrocketed while the net results have been dismal. I've read that the CEO recently "fired" will potentially make 15-17 million for his last year's performance alone, while the company (outsourcing, layoffs, etc.) has suffered and the stock price has plummeted. Thats just one example that I've seen over and over again in corporate america. I wish I could get a bunch of my buddies together and we could set our own "salaries" and perks

URY914 · 06:49 AM

No bowlers? The PBA needs to step it up.

carnutzzz · 06-04-2008, 06:34 AM

Quote:

Originally Posted by Joeaksa

Good friend of mine flies Phil around the world. He works very hard for his money but says that Phil is a gent and that helps a lot.

I would not fly for Tiger no matter what he paid. Do not need money bad enough. I used to fly Payne Stewart and the stories he told were enough...

Joe

How long ago did you fly Payne? I used to live around the corner from him in Orlando (Bay Hill golf course)- never met him though. A good friend's dad lived next door to him when he moved a couple miles to an unincorporated area- and last I heard still lived next door to his wife.

What was the final analysis of his last flight? Sudden depressurization?

Dottore · 06-04-2008, 06:44 AM

Quote:

Originally Posted by JV911SYDNEY

no, i understand why they make what they make and have no problem with it

its OT but what i dont understand is why people complain about CEOs making so much money...a large company could employ 10,000 + people...the CEO has a responsibility to all of the employees and shareholders, slave their a$$ off day in day out and should be rewarded accordingly

we call it the "tall poppy" syndrome

The difference is that (a) the CEO pay usually comes at the expense of (and often without the consent of) the shareholders, and (b) CEO's often get their windfall despite how absolutely useless they are and how badly they run a company into the ground.

URY914 · 07:08 AM

Jocks get paid for winning.
The CEO can do nothing and get the big bucks.

URY914 · 06-04-2008, 07:14 AM

This reflects an aspect of business that I've been commenting on for sometime.

Sports is great because at the end of the game there is a winner that scores the most points or crosses the finish line first. You know who wins.

Business has too many fields that you never really know who wins. Insurance, banking, gov't work ect, etc, etc. There are sometimes losers but no CLEAR winners. They just keep playing the game. I guess thats why people call the stock market a game.