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Executive Salaries with Banking
Posted: Mon Dec 23, 2019 4:34 am
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.
Re: Executive Salaries with Banking
Posted: Mon Dec 23, 2019 12:34 pm
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.
Re: Executive Salaries with Banking
Posted: Mon Dec 23, 2019 4:37 pm
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.
Re: Executive Salaries with Banking
Posted: Tue Dec 24, 2019 12:05 am
by David
I will forward you guys' suggestions to the dev team.
Re: Executive Salaries with Banking
Posted: Wed Dec 25, 2019 9:21 pm
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
Re: Executive Salaries with Banking
Posted: Thu Dec 26, 2019 7:56 am
by David
Hi standardplayer, thanks for the ideas. I've forwarded them to the dev team.
Re: Executive Salaries with Banking
Posted: Sat Jan 04, 2020 1:45 am
by David
In the upcoming version 6.3.00, the game will exclude bank and insurance profit from COO, CTO and CMO salaries calculation.