Gee...I wonder if the performance of those 2 positions had anything to
do with your decision. <g>
If CMCSA had 1, 3 and 5 year returns similiar LIFC, how much would the
CEO's salary factor into the discussion?
Well, considering they're operating corporations larger than most
countries' GNP's, the amount of their compensation is actually pretty
miniscule in comparison. And, at that level, there's quite a lot of
competition as well.
Michael J used to pull down $40M in just endorsements, outside his NBA
salary. Those hiring him certainly thought they were getting their
money's worth. Tiger may win $2M or more for a week on the golf course
and I've not even looked at his endorsements. There are lots of reasons
for folks making the salaries they do; most having to do w/ the
perceived value provided by those who set those salaries.
A few abuses don't negate the generality.
And that's a _VERY_ shortsighted (and self-defeating) viewpoint to take
as it is in all likelihood limiting your ability to realize growth
You participating in a 401K plan there? If not (unless one isn't
available), you're missing out. If so, unless you're completely into a
money market or bond portfolio (which is undoubtedly not a wise
position, either) you more than likely have mutual funds which in all
likelihood own oil stocks as well as many others.
Your observation generates several questions:
First, why should what someone else makes be of any concern to you?
Second, you admit that the rationale for an oil executive's salary is
"beyond you" which may explain why an oil executive's salary is (probably)
substantially higher than yours - he knows why.
Third, whether the hard-working plumber has a family is irrelevant. People
get paid for the value of the services rendered, or at least they should.
Shit like minimum wage and union scale keep getting the way.
True, but there ARE people who charge a lot more than anyone else, and yet
they can't explain why. There has to be a reason that makes the customer
willing to pay a high price. Facts, features, benefits. If the plumber can't
give you any, why pay $600 when you can pay $350, and probably get the same
I got several roof estimates. One was around 2K, most were around 5K, and
one guy was just over 9K. Most were using the exact same materials. I called
the 9K guy and asked him "Convince me. What's worth 4K more?" He couldn't. I
went with one of the 5K contractors. (The 2K guy was simply out of his
Not sure why you're telling *me* to read that part.
Read this part:
"I bought the faucet online and Mom called a plumbing company to
The only parts supplied by the plumber were the shutoff and risers.
The cost of the faucet doesn't even enter into this discussion.
Not sure why you're telling *me* to read that part.
Read this part:
I wasn't telling you. I mistyped "I read". Read and read are spelled the
same. Yes, I re-read that part but also read the part I posted that was a
Seems high? That's forcible rape. I can do one of those in an hour if the
old one is hard to take off. And another hour for the shut off valve even
if I have to sweat it on. I'd say $166 an hour is high. I only charge $80
for what I do.
What we do not know is if the plumber had run into other problems and how
long the job took. Yes, in most cases it is a couple of hours work, but
there may be circumstances we don't know about. I'll reserve judgment until
I'd like to see you do the faucet at my MIL's previous house in an hour.
Just changed one today on my mop sink. Went to one with the pull out handle
faucet. Had all kinds of problems. Took me a WHOLE hour. Sheesh.
These things aren't rocket surgery. I know you can run into problems, but
they are basically simple.
Steve, that is the dumbest conclusion I've seen in a while. Do you
know the situation with the sink I'm talking about? The plumbing
leading up to it? The frozen open shut off valves? The fact that the
main shutoff does not? It is not that simple.
You don't know the situation of her house. You don't know the
situation of the house the OP was speaking of. Just because you did
yours in an hour, that does not mean every faucet in the world can be
done in that time. I've done my share of older work and it can be
troublesome at times.
Thank you very much. I am glad I hold this position of honor in your
memory. I do not know everything, nor claim to.
I do know that I do think that $166 per hour for changing a faucet is what I
do think is excessive. If it was that complicated, or rusted up and frozen
up that much, it would have taken more than two hours.
YMMV. And probably does.
for a Sunday evening spent
rooting out the sewer line all the way to the far side of the street.
Three guys? Four? Don't remember.
If I was calling a plumber to install a faucet, I would try to buy the
faucet from him. I like to make
points with good contractors. If a contractor is good enough to do work
in my home, he is good
enough to let him have the profit on the parts.
I'll just never understand some customers.
You bought the faucet online.
She calls (evidentially) an unknown plumber?
Did anyone think to ask for an estimate, guesstimate, price per hour
and/or anything in writing?
Once again, a pure and simple reason for flat rate pricing.
You are charged a service charge for the tech to come out and then
acess the situation. You should then be given IN WRITING, a cost to
complete the repair and a warranty. You then decide whether you want
the repair or not and are only responsible for the service charge if
you choose not to have the repairs done.
In your case, the only warranty I would give is a "Workmanship"
warranty on the install meaning it was installed in a
professional-like manner. Any defects or problems related to your
faucet you purchased are all on your dime.
Its kind of hard to argue after the fact when they have already
completed the work, you paid them and then you go back and cancel the
check. Thats pretty much putting you in jail when you have work done
and then stop payment. I take those kind of checks straight to the
county prosecuting attorney. Thats what they are for.
No, not for what should have been a trivial job. For a big job, sure. For
a little job, no.
Excuse me but who said anything about cancelling a check? Certainly not
me. No one is cancelling a check or even asking for a refund.
Fascinating but completely off topic.
Should she have asked for estimates first? Clearly yes since there are
plumbing contractors out there who charge senior citizens almost 500
dollars for what was likely a 150-250 dollar job.
Water under the bridge. But you're wrong if you think I have no business
even raising the question. If someone walks through a bad neighborhood in
the middle of the night flashing a lot of cash and jewels and they get
robbed you can fairly call them foolish. But that doesn't make it any less
a crime. (Only an analogy; I'm not saying this was a crime. Just in
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