Executive Salaries with Banking

Banking and Finance DLC for Capitalism Lab
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buells
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Executive Salaries with Banking

Post by buells »

So I am having a big problem. I have an extremely profitable banking arm of my company, but it is so profitable that my COO and CTO keep asking for huge payraises. They are now each earning $300mm even though they don't do anything for the bank. This is essentially cannibalizing much of my industrial / consumer profits. I think banking profits should either (a) be reduced when they aren't being derived from leverage (i.e., high profits just from having a lot of capital in your bank) or (b) be excluded from the calculation of op profits for exec salary demands / be included at a lower % (10-20%, say). Even top banking execs these days aren't making more than $20 million a year or so at the very largest banks in the US.
colonel_truman
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Re: Executive Salaries with Banking

Post by colonel_truman »

(I take advantadge of your post to speak my mind...)

Yes, chief´s salaries can be exorbitant if your corp is making a lot of money. I believe these should:
1- start lower for new recruits regardless of the profits of your corp, but raise faster as time goes and profits keep coming.
2- character salaries should be exponentially tweaked to reflect their skills. A 100 skill person should earn a lot and one with 20 a tiny fraction of that.
Things aren´t getting worse; our information is getting better!
Traveo
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Re: Executive Salaries with Banking

Post by Traveo »

Honestly, even the highest earning CEOs in the world only have $100+ million salaries every so often (not every year), most people have base salaries in the range of $450k to $3.5 million. It's the bonus' that bump up the pay. I would love to see the exec pay be more reasonable, but with the ability to offer percentage based bonuses.
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David
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Re: Executive Salaries with Banking

Post by David »

I will forward you guys' suggestions to the dev team.
standardplayer
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Re: Executive Salaries with Banking

Post by standardplayer »

David wrote: Tue Dec 24, 2019 12:05 am I will forward you guys' suggestions to the dev team.
See this for Detailed Ideas was Posted under Subsidiary DLC Section:

Executive Compensation:
https://www.capitalism2.com/forum/viewt ... =37&t=5761
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David
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Re: Executive Salaries with Banking

Post by David »

standardplayer wrote: Wed Dec 25, 2019 9:21 pm
David wrote: Tue Dec 24, 2019 12:05 am I will forward you guys' suggestions to the dev team.
See this for Detailed Ideas was Posted under Subsidiary DLC Section:

Executive Compensation:
https://www.capitalism2.com/forum/viewt ... =37&t=5761
Hi standardplayer, thanks for the ideas. I've forwarded them to the dev team.
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David
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Re: Executive Salaries with Banking

Post by David »

In the upcoming version 6.3.00, the game will exclude bank and insurance profit from COO, CTO and CMO salaries calculation.
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