A couple of observations.
1-Value is in the eye of the purchaser. It differs based on our engagement in the category and product considered.
2- We live in a consumer culture but each persons perception of appropriate spending is different and reflects more variables than I can discuss here. Wealthy people tend to think differently.
I worked for a self made millionaire business owner years ago running two of his company's four divisions. I turned the businesses around making him more millions for which he paid me Ok. I say ok because my initial contract gave me a share of the profits. He paid me on that one year, hen proceeded to "compel" a renegotiation to more of a salary based deal. He admitted this was not fair but said he needed the money to invest in the company....which I foolishly believed. While he did invest in the business, he also bought 2 new Mercedes and a Rolls Royce, for himself, his wife and his girlfriend......to him that represented a better use of money than paying a proven executive who got results or funding the strategic plans he had agreed to previously.
1-Value is in the eye of the purchaser. It differs based on our engagement in the category and product considered.
2- We live in a consumer culture but each persons perception of appropriate spending is different and reflects more variables than I can discuss here. Wealthy people tend to think differently.
I worked for a self made millionaire business owner years ago running two of his company's four divisions. I turned the businesses around making him more millions for which he paid me Ok. I say ok because my initial contract gave me a share of the profits. He paid me on that one year, hen proceeded to "compel" a renegotiation to more of a salary based deal. He admitted this was not fair but said he needed the money to invest in the company....which I foolishly believed. While he did invest in the business, he also bought 2 new Mercedes and a Rolls Royce, for himself, his wife and his girlfriend......to him that represented a better use of money than paying a proven executive who got results or funding the strategic plans he had agreed to previously.