COO Wage

General discussions about the release versions of Capitalism Lab
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jondonnis
Level 5 user
Posts: 283
Joined: Sat Jul 24, 2010 12:53 am

COO Wage

Post by jondonnis »

So I have my COO who's been in the company for 18 years and is now being mega greedy and is getting $293million a year salary. Yet I can only pay myself $100k. How does that work out? Yes I own over half the company but how comes he can command a high wage and I'm relegated to a small pay cheque? I'm aware this is normally related to the company profits? Or is it something else?
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WilliamMGary
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Posts: 1052
Joined: Mon Nov 12, 2012 8:00 pm

Re: COO Wage

Post by WilliamMGary »

jondonnis wrote:So I have my COO who's been in the company for 18 years and is now being mega greedy and is getting $293million a year salary. Yet I can only pay myself $100k. How does that work out? Yes I own over half the company but how comes he can command a high wage and I'm relegated to a small pay cheque? I'm aware this is normally related to the company profits? Or is it something else?
Its related to the company profits. If your profits has declined since he was granted that outrageous salary you can fire and hopefully rehire him at a lower rate. To best determine if he is being overpaid look to hire someone else for COO and see what they request.
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