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Author Topic:   Speaking of obscene pay levels....
Jerry+
Pilot
posted 01-09- 04:52 PM     Click Here to See the Profile for Jerry+   Click Here to Email Jerry+     Edit/Delete Message   Reply w/Quote
The University of Texas just agreed to pay their football coach $1.7 million a year for the next 10 years. Not bad for a part time job that has nothing to do with education and gives society absolutely nothing of value.

What do you have to say to that DanW?

Go Oregon!

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DanW
Pilot
posted 01-09- 05:17 PM     Click Here to See the Profile for DanW     Edit/Delete Message   Reply w/Quote
Well, seeing as how the University of Texas' 54 million dollar a year athletic budget is paid for solely by donations and ticket sales, the $250,000 a year pay raise is acceptable. Texas finished in the top 5 in both polls and is on the way to having the number 1 recruiting class this year. Plus, no public dollars are spent. So, what's your point?

Well, in Oregon it might not be of any social value, but in Texas, football rules. Hence the 83,000+ crowds at each UT home game and the sold out season tickets.

The Ducks were fantastic this year.(And those cheerleaders are HOT). They exposed Colorado for being an over-ranked and over-hyped team. They should have played in the Rosebowl, that's for sure. Congrats.

Hook'em.

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Jerry+
Pilot
posted 01-09- 07:31 PM     Click Here to See the Profile for Jerry+   Click Here to Email Jerry+     Edit/Delete Message   Reply w/Quote
If I understand you correctly, a coach who can generate $50+ million of revenue deserves a $1.7 million 10 year contract. Then how much should a CEO of a $50 Billion company get - without the ten year guarantee?

How much does the head of the UT medical school earn? If football rules, next time you get sick call a linebacker. LOL That's what I mean about social value.

Thanks for the Oregon compliments. Not bad for a state with only 3 million people.(P.S. They get most of their players from California, probably the cheerleaders too. hehe).

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DanW
Pilot
posted 01-09- 09:29 PM     Click Here to See the Profile for DanW     Edit/Delete Message   Reply w/Quote
"If I understand you correctly, a coach who can generate $50+ million of revenue deserves a $1.7 million 10 year contract. Then how much should a CEO of a $50 Billion company get - without the ten year guarantee?"

1. It's not just the football program that generates the money, you have to count the other sports, albiet they probably don't generate as much income as football. Plus you have to count for the fan base...bigger schools bring in bigger bucks....that's simple math and statistics. It's obvious that the big schools pay more.

2. You're comparing apples with oranges. Corporations are 'persons' as per the Supreme Court decisions of the past. An Athletic Department at a state run institution is not a corporation. The CEO of a corporation is held accountable by the shareholders, all of whom want to see a profit each quarter. A football coach wins games for the university, plus does other jobs such as recruiting and PR. He/she is held accountable by the AD and the Board of Regents. Yes, the coaches are in some ways repsonsible for bringing in revenue based on how well the team does...ie, the team is good, ticket sales and paraphanilia sales are higher resulting in increased profits. But, the CEO gets fired for losing money, the coach gets fired for losing games - big difference.

How much should a CEO get? ...I don't know. One would assume it's based on performance and what CEOs are going for at the time...just like coaches. Your whole intent of this thread is to try and get me into a liberal/conservative flame fest about how CEOs get paid too much and how big corporations are evil. LOL It's ok, I'd rather talk about football.

"How much does the head of the UT medical school earn?"

I don't know, nor do I care. UT has more than one medical school. It's not located at the main campus.

"If football rules, next time you get sick call a linebacker. LOL That's what I mean about social value."

Err, football provides entertainment to the masses...At least in this state it does..if that's not social value, then I don't know what is.

Using your equation for social value, then why are record company executives so rich? Surely a head doctor provides more social value than a Britney Spears album, correct?

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Jerry+
Pilot
posted 01-09- 10:14 PM     Click Here to See the Profile for Jerry+   Click Here to Email Jerry+     Edit/Delete Message   Reply w/Quote
The money earned by people in the entire entertainment industry is obscene, not just coaches - recording artists, professional athletes, movie stars, etc. I never hear liberals going after them. Why is this? Because liberals are anti-capitalistic. They are just this side of Communists and you know it! They don't want corporations to succeed nor do they want anyone individually to get rich through capitalism. If you get rich because you you were born physically gifted, that's OK to a liberal because that isn't a reflection on capitalism, only on biology.

Why do liberals believe that only corporate executives earn too much? If our corporations fail, the whole country fails. If the entertainment industry fails....big deal! So which is more important to American society?

You say you don't know how much a CEO should get. Then how do you know that Bill Gates gets too much, as you are always claiming? Do you know or don't you. What is the liberal formula for determining the worth of a CEO?

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Maury Markowitz
Pilot
posted 01-10- 09:25 AM     Click Here to See the Profile for Maury Markowitz   Click Here to Email Maury Markowitz     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by DanW:
Surely a head doctor provides more social value than a Britney Spears album, correct?

My toe-cheese provides more social value than a Britney Spears album.

Maury

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Threedp
Pilot
posted 01-10- 09:54 AM     Click Here to See the Profile for Threedp   Click Here to Email Threedp     Edit/Delete Message   Reply w/Quote
Who says Liberals and Conservatives can't agree on some things. I must side fully with Jerry on this one. Presumably you saw the 60 Minutes piece? I had to turn it off. How the money's brought in etc., etc., just doesn't matter when it comes to things as important as education. When the football coach is making 10x (was it more, I forget) what a tenured professor is making, it is just wrong when your supposed main reason for being is education. Funnel that money back into the community if you have to. Help out primary and secondary schools, that would do tremendous good in this day and age.

When it comes to the entertainment and professional sports arenas, fine. But I still find it disgusting and consequently remove myself from it as much as possible, not partonizing or watching any sports events outside of the occasional tennis match, and attending only the rarest of concerts, one every few years at best.

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Jeeves
JAG
posted 01-10- 12:37 PM     Click Here to See the Profile for Jeeves     Edit/Delete Message   Reply w/Quote
I wonder how much the professors make there.....we have contracts too as teachers- but it is more for their own gain than ours...

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DanW
Pilot
posted 01-10- 03:41 PM     Click Here to See the Profile for DanW     Edit/Delete Message   Reply w/Quote
"The money earned by people in the entire entertainment industry is obscene, not just coaches - recording artists, professional athletes, movie stars, etc. I never hear liberals going after them. Why is this? Because liberals are anti-capitalistic. They are just this side of Communists and you know it! They don't want corporations to succeed nor do they want anyone individually to get rich through capitalism. If you get rich because you you were born physically gifted, that's OK to a liberal because that isn't a reflection on capitalism, only on biology."

LOL. What book did you get that out of? Why do these people make this kinda cash? It's because people like what they do...of course they earn too much money. But, its supply and demand.

"They are just this side of Communists and you know it! "

Yeah, that's probably why the Communist party has SUCH a large number of members in this country eh?

"Then how do you know that Bill Gates gets too much, as you are always claiming? Do you know or don't you. "

Lay down the crap pipe...when did I say Bill Gates gets paid too much? It's his law-breaking monopoly that I am against. Bill is a genious, but he broke the law. I'm not concerned about Bill's pay, I'm concerned about his company's effects on the PC market and the development tools that I use as a programmer. As I said before, you get paid what you are worth. I have nothing against a rich CEO getting paid...I wish I was rich CEO. But lawbreakers should be punished....and Bill and gang broke the law.

You are so wrapped up in your liberal conspiracy that you forget the fact that most people want money just like everyone else. The difference is how you get the money and how much you give back to society in the form of taxes. If you think 'liberals' don't want corporations to succeed, then you are an idiot. Liberals need jobs too, and thus are firm supporters of capitalism as well. They just aren't blind to the tax breaks and law breaking that you seem to miss on a daily basis. You need to quit drawing that hard line with your crayons...there aren't always to hard lines on every issue.

" What is the liberal formula for determining the worth of a CEO?"

You may want to find a liberal to answer this question, I don't know nor do I care.

"Why do liberals believe that only corporate executives earn too much? "

Probably the same reason that a conservative thinks a head football coach at a flag-ship institution gets paid too much? I don't know, you tell me.

"When the football coach is making 10x (was it more, I forget) what a tenured professor is making, it is just wrong when your supposed main reason for being is education. Funnel that money back into the community if you have to. Help out primary and secondary schools, that would do tremendous good in this day and age."

I totally disagree. The money for the sports comes from the sports themselves. Ticket sales, paraphanelia, donations. It doesn't come from tuition or taxes. So why do you rob the athletic department for being successful? People buy these clothes and tickets because they like and enjoy the sports. It's entertainment. Yes, it's a shame that most of the focus of a big school is on its athletic program, but go ask a school community how they feel about their athletic program after that national championship or big win...and see what they say. Everyone wants to be a winner and they identify that by their sports teams.

"When it comes to the entertainment and professional sports arenas, fine. "

This I disagree with too. Professional sports will threaten a city to move if they don't build them a new stadium with tax dollars. They want the community to build them a new stadium so they can profit from it..that's bogus and a form of corporate welfare. The athletic facilities at this school are paid for a built off of funds generated by the athletic department and not through taxes or bonds. Take the tax dollars you are giving the professional teams and give that money to the primary schools, not the money the university makes.

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Threedp
Pilot
posted 01-10- 04:14 PM     Click Here to See the Profile for Threedp   Click Here to Email Threedp     Edit/Delete Message   Reply w/Quote
At the professional level, it is disgusting the way they blackmail cities. It's another resaon not to patronize them, but it's the opiate of the masses and the masses keep going to the games. I for one would vote against almost any politician who gave out such "welfare". Schools are supposed to be about something greater. The Academic side of the university does after all provide the most valuable asset, the athletes.

"Not talkin' 'bout idealogy . . .
Talkin' bout right and wrong"
Joe Jackson

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