Why do CFOs make the bling?

[Stiganator]

I've noticed the CFOs of companies always make a crap ton more than anyone else what gives?

 

[junkerman123]

The chief financial officer assigns all the salaries! Duh! Seriously though, I'm pretty sure most CEO's make more than CFO's in terms of base salary, unless they are combo CEO/CFO's.

 

[cKGunslinger]

Umm.. they help the companies make tons of money, and for doing so, they get a portion of said money.

 

[Taggart]

Beause they are in a senior management position and run the finances of the company, duh.

 

[aplefka]

You just balance money and salaries and stuff? Man, sounds easy, sign me up. How do you become one?

 

[Mani]

A CFO, unlike many other executives can easily quantify his value in terms of savings to the company, ability to massage numbers to achieve favorable financial results, etc. so they can easily make a case for more money. E.G. "I saved the company xxx which paid my salary 10-fold right there".

 

[nakedfrog]

Originally posted by: aplefka
You just balance money and salaries and stuff? Man, sounds easy, sign me up. How do you become one?

Kiss the right asses for ten or twenty years.

 

[Scarpozzi]

The other side though....CEOs usually make more bonuses, etc. That's where the real money is.

 

[AdamSnow]

Originally posted by: aplefka
You just balance money and salaries and stuff? Man, sounds easy, sign me up. How do you become one?

on your knees boy!

 

[konichiwa]

Originally posted by: Scarpozzi
The other side though....CEOs usually make more bonuses, etc. That's where the real money is.

bingo

 

[Argo]

Originally posted by: Stiganator
I've noticed the CFOs of companies always make a crap ton more than anyone else what gives?

Because if there's a problem with company's finances CFO is usually the one who goes to jail. More risk equals more money.

 

[MustISO]

What I don't understand is why CEO's make so much money. They do a lot less work than the little guys.

 

[Safeway]

:laugh:

 

[cKGunslinger]

Originally posted by: MustISO
What I don't understand is why CEO's make so much money. They do a lot less work than the little guys.

In your opinion. How many 23-year-old Liberal Arts majors do you think are CEOs of successful businesses? Most are older, experience employees, many of whom have worked their way up through ranks over decades, who have been shown to possess remarkable leadership abilities and strategic business decisions. Just because they wear a suit and fly around a lot does not mean they aren't the product of hard work.

 

[theNEOone]

Originally posted by: cKGunslinger

Originally posted by: MustISO
What I don't understand is why CEO's make so much money. They do a lot less work than the little guys.

In your opinion. How many 23-year-old Liberal Arts majors do you think are CEOs of successful businesses? Most are older, experience employees, many of whom have worked their way up through ranks over decades, who have been shown to possess remarkable leadership abilities and strategic business decisions. Just because they wear a suit and fly around a lot does not mean they aren't the product of hard work.

well said.


=|

 

[Mani]

Originally posted by: MustISO
What I don't understand is why CEO's make so much money. They do a lot less work than the little guys.

Few CEOs had their jobs handed to them. Most started out as "little guys" at some point.

 

[mb]

The CEOs & CFOs I know put in a lot of hours for the money they make. Some work 6 days a week at 10-12 hours a day. They take many business trips and have to spend a lot of time away from their family. Their jobs come with a lot of responsibilty and they have had to prove their competence over many years to get where they are, and they have to stay sharp to keep their position.

 

[Azurik]

Originally posted by: MustISO
What I don't understand is why CEO's make so much money. They do a lot less work than the little guys.

No, they don't. They work just as long (a lot longer in most cases) than a typical employee dies. Most employees do the grunt work the CEO and said executives envisioned and wanted to execute.

Try to command an army without leaders and see how far they get.

 

[TechBoyJK]

Originally posted by: cKGunslinger

Originally posted by: MustISO
What I don't understand is why CEO's make so much money. They do a lot less work than the little guys.

In your opinion. How many 23-year-old Liberal Arts majors do you think are CEOs of successful businesses? Most are older, experience employees, many of whom have worked their way up through ranks over decades, who have been shown to possess remarkable leadership abilities and strategic business decisions. Just because they wear a suit and fly around a lot does not mean they aren't the product of hard work.

they get paid for decision making under pressure. Its about integrity.

 

[dr150]

B/c they have direct access to the till.


Also these guys came from Wall St. so companies need to pay them bank to entice them to switch over from their existig lucrative career.

 

[daniel1113]

If my dad is any measure of a standard CFO, it's because they work damn hard. He easily does more work than anyone else in his company, both in terms of output and time.

 

[MikeMike]

uncles a CFO.

nice money.

took design within reach public, now is at cinderblock

 

[shady123]

Originally posted by: nakedfrog

Originally posted by: aplefka
You just balance money and salaries and stuff? Man, sounds easy, sign me up. How do you become one?

Kiss the right asses for ten or twenty years.

Amen

 

[DT4K]

Originally posted by: MustISO
What I don't understand is why CEO's make so much money. They do a lot less work than the little guys.

Umm, no offense, but you are an idiot. CEO's are responsible for EVERYTHING that happens in a company. They make so much money because it is their leadership and their decisions that determine whether the company is successful or not. It's not about how hard you work either. It's about how much your skills and talents are valued. If salary was based on effort, strawberry pickers would make more than anyone. If you have the talent and skills to lead a company to make millions of dollars in profit, then you are worth a lot of money to that company and you will be well paid.

A better question for you to ask would be "why do CEO's who suck and lead a company to financial ruin still always seem to get hired by other companies?"

 

[her209]

Originally posted by: Mani

Originally posted by: MustISO
What I don't understand is why CEO's make so much money. They do a lot less work than the little guys.

Few CEOs had their jobs handed to them. Most started out as "little guys" at some point.

I have no problems with people who work hard and make the right decisions. Its when they make bad decisions, the little guy gets the axe.