Apr 25 2019

Totally agree. It has been shown that this is why lottery winners often end up broke, because both $35MM and $85MM are simply “more money than I could ever imagine.” And Welch does a fine job explaining his take, IMO. (Also, the teenager working the drive-thru at a French McDonald’s speaks at least three languages. Read more

Jan 18 2015

This was my reasoning as well.

Jan 1 2015

Because it was contingent on new ownership. At the end of the day, it's the owner making the deals and signing the checks. If I sign an employee up for $100K salary that becomes $1 million if I sell the company, then what the hell do I care that his salary becomes $1 million after I'm gone.