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![]() "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" |
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