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Reply to "I’m rich and hate rich people"
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[quote=Anonymous]My old CEO was a super average guy. Was a college professor with a stay at home wife four young kids. Last two were twins one were special needs. He left teaching as could no longer afford it. He met a guy on Wall street on a cold call interview for a job. Yes he cold called a head of a trading desk. That is how little he know about job hunting, guy hired him to answer phone, five years later after a few promotions he left with him to start my old firm. At 42 we did IPO he owned five percent we sold it one billion He got fifty million, then he got a five million salary as CEO for 11 years. We then sold the company to a bigger company he got a change of control payout. Then that company sold us and he got let go with a 20 million parachute. He cleared around $160 million pay in 15 years. His Dad is a Holocaust survivor, he still lives in his little split, drives a minivan and the three healthy kids all paid 100% for their own college. He did do a big trust etc for his disabled son he lived in a small split. Not all rich people are bad. I know he gives tons to charity, The rest is set up in trusts to charity and his disabled son. [/quote]
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