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I worked in investment banking for 5 years and I never saw anyone wearing a EUR 30k hat!

Hell, Brioni or Kiton suits only come in at EUR 20k...




Have you never heard an executive complain about workers being expensive while being compensated several million per year?


If you're enough of a bigshot in a company large enough to pay you that kind of money, then yes, workers are expensive. Hundreds of workers are pricier than one executive.


Really? 300 workers making $30k/year is less than $10 million.


Well, the workers are being paid less than $10 million. But if they receive any sort of benefits then their cost to the employer goes up quite a bit. And you also have to factor in payroll taxes. The cost of a worker is not just his/her salary.


True. And that goes for the executives as well, more so in fact (e.g. better health care plans and so on).




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