Tesco appoint new CEO on ridiculous salary!
Discussion
SpeckledJim said:
But there are:
I'm not so sure about the number qualified for each position. Tesco would recruit worldwide for the post and want the very best of the best, this would not be a big number, the short list would be a handful of people.- Many more people who are qualified to be CEO of Tesco than there are people able replace Wayne Rooney.
- Many ways for a CEO to disguise a poor performance, but nowhere for a Man U striker to hide. He's either good enough or he isn't.
With Rooney, as we saw at the WC there are a decent number of players ( most teams had a couple) as good if not better.
Just my brake on it.
Thankyou4calling said:
I'm not so sure about the number qualified for each position. Tesco would recruit worldwide for the post and want the very best of the best, this would not be a big number, the short list would be a handful of people.
With Rooney, as we saw at the WC there are a decent number of players ( most teams had a couple) as good if not better.
Just my brake on it.
The number of people running big retail operations globally and therefore of suitable calibre to run Tesco's Is far from a handful. If you then add in CEO and chairmen of large multinationals who wouldn't struggle with running Tesco's one bit.With Rooney, as we saw at the WC there are a decent number of players ( most teams had a couple) as good if not better.
Just my brake on it.
jonnydm said:
CEO may help generate good performance, for which I'm sure he'll be rewarded generously.
Rooney himself effectively sells shirts, enables the team to get into the Champions league + high up in the Premiership (or not!) which generates cash.
How much cash though?Rooney himself effectively sells shirts, enables the team to get into the Champions league + high up in the Premiership (or not!) which generates cash.
Rooney's salary is £15m a year. His employers also need to consider the opportunity cost of holding onto him rather then selling him. Let's say he could be sold for £30m and you amortised that value over 3 years. It means Rooney actually costs Man Utd £25m a year. Their profits for the year are about £100m, so Rooney alone needs to help increase profits by 25% to justify his income.
As to the new Tesco CEO. His salary is just over £1m. And lets be generous and say his other perks add up to a further £4m a year. So he costs £5m a year. For a company whose profits are £3bn a year, he only needs to increase profits by just 0.16% to justify his earnings.
Pretty obvious that most CEOs are vastly underpaid and most footballers vastly overpaid.
oyster said:
jonnydm said:
CEO may help generate good performance, for which I'm sure he'll be rewarded generously.
Rooney himself effectively sells shirts, enables the team to get into the Champions league + high up in the Premiership (or not!) which generates cash.
How much cash though?Rooney himself effectively sells shirts, enables the team to get into the Champions league + high up in the Premiership (or not!) which generates cash.
Rooney's salary is £15m a year. His employers also need to consider the opportunity cost of holding onto him rather then selling him. Let's say he could be sold for £30m and you amortised that value over 3 years. It means Rooney actually costs Man Utd £25m a year. Their profits for the year are about £100m, so Rooney alone needs to help increase profits by 25% to justify his income.
As to the new Tesco CEO. His salary is just over £1m. And lets be generous and say his other perks add up to a further £4m a year. So he costs £5m a year. For a company whose profits are £3bn a year, he only needs to increase profits by just 0.16% to justify his earnings.
Pretty obvious that most CEOs are vastly underpaid and most footballers vastly overpaid.
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