reply to post by NoHierarchy
It's so subjective on whether they deserve it. I think some who become billionaires do so on the backs of many subordinates. So, they're good
managers. But billions? Heck if my annual salary reaches $500,000 some day, I will be on "cloud-9". Right now, it's not even close :-)
Billionaires must just not see it coming. One day, whoops - I got a billion. Oh - now two billion. Rinse, repeat. Trouble is, guys like those who
start Google, Facebook, Microsoft - they grab the big chunk of stock early on and it just rises like crazy and what can they do? They got their 20%
share when the company was 5 guys in a garage, then when it took off, they still had 20%. Those guys may be the ones who deserve it for planting the
seed. Google founders, to me, deserve it. Such amazing work and results that help change the world. I place them higher in the deserve it category
than Microsoft. MSFT did it by snagging a copy of an operating system from a guy under almost false pretenses and having a lock-in with IBM for the
PC operating system when IBM was in shambles and couldn't write software for anything smaller than a refrigerator. Luck, lucky timing and a little
sneakiness isn't as solid of a deserving right than Google's search engine and web-bots. There are a lot of billionaires out there - a lot. And
tens of thousands of millionaires too. They worked hard but then at what point was it too much - where the money they had amassed was far more than
they could ever spend. They could have stopped the pouring in, but didn't.
Now, then there are the oil giants, media giants and other deal makers. Does someone who has 10,000 minions working for them under an umbrella of
managment deserve a billion or more? Hard to say. They're emporors and kings of their dominion but what is it that gives them the right to claim
such cash for moving around small bits of goods and information? Why aren't large farm-owners billionaires? Well, maybe chief of "farm
technology" companys come close (Monsanto, Cargill) because they can "own" a market by their shenanigans.
But I would say those who deserve the most are the leaders that make changes. Those who help people learn - teachers. If you are a good teacher and
can help children grow up with great values, intelligence and ability to be a solid part of society - you deserve as much as a ruthless banker or oil
I work for a jerk of a CEO now. He doubled his own salary this year, while everyone else took a 10% pay cut last year. We just had a big layoff of
many of our guys due to losing our largest customer. This CEO has a 5-year golden parachute that if he is fired, he gets 5 years of salary and bonus.
For running a company into the ground. Yes, it's legal and apparently, people do this quite often. Next time you see a company failing - look to
see if the people running it are sucking out what last few dollars investors put into it. There's a special place in (oh, you know the place) for
guys like this. But I would say not all billionaires will be counting burning embers together - many seem to deserve it and next for them is giving
their riches to the right people who may deserve it even more.