"Jay Honeck" wrote in message
news:6RJnc.62886$Ik.4785128@attbi_s53...
Run a nicely profitable $60 million company and that income would not be
out
of line. :~)
Keep it profitable in hard times and a higher number is certainly
justified.

Agreed -- but, remember, George was referring to MIDDLE level managers
making that kind of money.

Our middle managers make $75-100K, plus bonus of about 20%.

They're not running nuthin'...and there isn't a mid-level manager in the
world that is worth what my General Practioner makes.

I suspect your GP makes a lot more, but has rather high expenses in
operating his practice.

Also, if I recall, George was in the telecommunications industry. With
the
increased competition in that field, the profit margins are way down.

Given they had to write off major infrastructure costs a few years back
(wasn't George referring to 2002?) their profit margins are probably damn
near zero.

I got laid off from the telecomm industry (Satellite Communications) in
2000. In a nineteen month period our company stock went from $13 a share to
$103, then down to the penny stocks...then Chapter 7. The company had been
in business since 1981.

Company I'm with now (again) will do about (we project) $68M in revenue from
eleven companies accross four lines of business. We think we will have a net
return about $12M to the five partners/owners. Each company has it's own
manager, whom is our employee as a middle manager.

All in all, in the heyday of theTelecom industry, I'm sure $150-250K was not
out of line. It was not such salaries that killed the companies, but the
gearing up in infrastructure for the internet (at the demand of the FCC)
that didn't materialize.








--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"