GoPro's CEO Is Highest Paid Executive In America

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The CEO of GoPro is now the highest paid executive in the United States.

The 39-year-old was granted 4.5 million restricted stock units that were valued at $284.5 million at the end of 2014, which would give him the No. 1 spot on the Bloomberg Pay Index, the first daily ranking of the highest-paid U.S. executives. He received the grant in June 2014, three weeks before the San Mateo, California-based company first sold shares to the public, according to its prospectus in November.
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wow, all for making a compact, relatively decent camera....which really isn't so cheap for what you get, at least the first few versions, i have to Black edition and while nice, i am not overly impressed with quality over all in the video's.
 
Living the American dream. Hope he rewards the employees who are doing the bulk of the work.
 
heatlesssun said:
That's not how capitalism works.
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LooooooooooooL... Indeed it does not.

Though, you do need to give a little bit to keep employee performance and moral at acceptable levels. But not too much.
 
Yakk said:
LooooooooooooL... Indeed it does not.

Though, you do need to give a little bit to keep employee performance and moral at acceptable levels. But not too much.
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Pfft nah, just bring back the industrial era worker treadmills and give the poors a good flogging to remind how grateful they should be to be paid a pittance.
 
Why pay them at all? Provide food and shelter via gruel and eight-bed rooms and you're set to go. If the employees don't like it, they can go to some other country.
 
Tekara said:
Why pay them at all? Provide food and shelter via gruel and eight-bed rooms and you're set to go. If the employees don't like it, they can go to some other country.
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That's called North Korea.
Except you don't get to leave! :p
 
yet my 3 years old gopro Hero 2 doesnt work with his cineform shitty movie maker.
 
Your work is worth whatever someone is willing to pay. If you think your worth more ask for a raise, find another job, or start your own business.
 
Restricted stock units isn't the same as getting it in cash. A competitor comes in with a cheaper/better camera before the stock is vested and he could make significantly less.
 
OP20 said:
Your work is worth whatever someone is willing to pay. If you think your worth more ask for a raise, find another job, or start your own business.
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This statement is why we live in America.

As an example, my father came as a refugee to this country at the age of 14 not knowing a single word of English and only the shirt off his back. Fast forward over 30 years later and he is a successful small business owner making over six figures a year while being in business for over 8 years.

That isn't without saying the different jobs he had done to eventually save up to own the business that he wanted. for over 20 years he worked until he found the work that was willing to pay him what he wanted.

That right there is the purest example of the American dream I can provide.
 
heatlesssun said:
And how would you or anyone here know one way or the other?
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So one of his employees provided the financing to get the company started? or how about coming up with the idea? How about providing direction for the company to grow and expand? guess what, none of them, so none of them comes close to doing the work of the CEO.

Disposed said:
Probably all of them. What delusional world do you live in?
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See above.
 
Every corporation needs more janitors than CEO's.

But does that mean anything, in this country?
 
darkstarcow said:
So one of his employees provided the financing to get the company started? or how about coming up with the idea? How about providing direction for the company to grow and expand? guess what, none of them, so none of them comes close to doing the work of the CEO.



See above.
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You don't appear to have the slightest clue what a CEO actually does.
 
Disposed said:
Probably all of them. What delusional world do you live in?
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The delusional world called reality.

I suggest every bitter, self aggrandizing, know-it-all employee be required to run a company of their own since they're obviously the hardest working and smartest people on the planet.
 
Almost all corporation invest a good deal of money into high skilled workers to keep them from going to the competition and also retraining a new employee cost more time and money. People are paid depending on how productive they are to a company.

If you don't like what you are paid, do something about it like acquiring more skills, or asking for a raise or find better work or start your own business.
 
Disposed said:
Probably all of them. What delusional world do you live in?
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There are some CEOs that dont have to put in the hours, but most of them do. I meet my CEO on a monthly basis for the past 3 years. He has aged tremendously and I can see the stress and deep bags in his eyes.

I moved to head my own team recently and man never before have I had to put in so much time and effort as I did when I was just doing design work. I wanted to move up and I thought I knew exactly how much I needed to put in. But I never even expected the effort and time I needed, completely undershot it. I can't imagine how many hours a week my CEO puts in to manage 120,000 employees, and keep the company growing and healthy in this downturn period for the industry.

I still think CEO's are overpaid but I do not believe they dont put in the hours, sweat and blood that you think they dont put in. I am immensely more satisfied with the CEO and the direction he is taking the company and how its doing than the last company I worked for.
 
///AMG said:
There are some CEOs that dont have to put in the hours, but most of them do. I meet my CEO on a monthly basis for the past 3 years. He has aged tremendously and I can see the stress and deep bags in his eyes.

I moved to head my own team recently and man never before have I had to put in so much time and effort as I did when I was just doing design work. I wanted to move up and I thought I knew exactly how much I needed to put in. But I never even expected the effort and time I needed, completely undershot it. I can't imagine how many hours a week my CEO puts in to manage 120,000 employees, and keep the company growing and healthy in this downturn period for the industry.

I still think CEO's are overpaid but I do not believe they dont put in the hours, sweat and blood that you think they dont put in. I am immensely more satisfied with the CEO and the direction he is taking the company and how its doing than the last company I worked for.
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I'm sorry to say, but a good CEO of a successful company does not put in many hours themselves, they fill their board with competent people that do the heavy lifting for him/her. A good CEO is just the captain of the ship, and sets the tone/direction that the board of directors should follow.
 
Here's a first prototype of GoPro. Woodman and his parents invested the initial $260,000 in GoPro. By the time he turned 30, GoPro generated $350,000 per year and it still hadn't raised money from VCs.

Read more: http://www.businessinsider.com/the-...ounder-nick-woodman-2014-6?op=1#ixzz3XZZe9gzV


He got his start up money from his Mommy and Daddy.....must be nice....

He's automatically disqualified....anyone that get's a loan from mom and dad isn't on a level playing field. A REAL man/woman would've worked and saved up and not gotten a loan from their parents.

Oh and CEO's are for the most part Lazy POS....Workers are the hero's, Ceo's are the zeros....
 
Macmall said:
Oh and CEO's are for the most part Lazy POS....Workers are the hero's, Ceo's are the zeros....
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And the truth is somewhere in between ... although there are certainly some CEOs who aren't worth the air they breath ... there are many conscientious CEOs who work hard and leverage their skills to make their company a success ... having both competent leaders and competent workers is essential for any big company to be successful
 
Steve, you might want to correct the title of this thread. You misspelled "overpaid".
 
Macmall said:
Oh and CEO's are for the most part Lazy POS....Workers are the hero's, Ceo's are the zeros....
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I don't believe that for a second, and am sure that most CEOs are very valuable members of their crew, the same way that a pirate captain is a very valuable component for his ship even if he's not personally swabbing the deck and raising the sales.

But with pirates, the rest of the crew really had a direct say in IF he was captain, and how much more a captain should make than a regular crewmate, and could kick him out if he wasn't up to paar without a golden parachute.

One thing we can be damn sure of though, is that no crew would ever allow their captain to make 331 times the share of the average crewmate for their contribution. They would typically get anywhere from 2-10 shares (meaning twice or ten times the average crewmate's pay).

Sad that piracy was more democratic and fair with its distribution of wealth and marrying contribution and compensation than today's corporations.

CEOs are important, and I think we would have no shortage of qualified CEO applicants if an alien invasion were to occur tomorrow that managed the global economy and capped CEOs at $1million a year compensation.
 
Blown 89 said:
The delusional world called reality.

I suggest every bitter, self aggrandizing, know-it-all employee be required to run a company of their own since they're obviously the hardest working and smartest people on the planet.
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What a bunch of shit. Most ceos these days do very little. They come up with no ideas, instead they hire teams for that. They raise no money, just hunt down vc money.

Nobody is saying everyone can run a company. The fact is they are not usually working harder than the typical employee beneath them. Hell in most places all that burden falls to middle management.
 
Fact check: success in the real world isn't about "working hard" whatever the fuck that means. You can work hard on ramming your head into a brick wall for 24/7 hours a day, and you're still going to be dumber than the guy who scored big on a once in a lifetime opportunity. Don't be jealous, just be glad you weren't born a serf or a peasant a couple of hundred years ago.
 
Macmall said:
Oh and CEO's are for the most part Lazy POS....Workers are the hero's, Ceo's are the zeros....
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Slight difference is most CEOs didn't invent the shit that their entire company is based off of, this guy invented the GoPro, so him being the CEO is more like "hey this is my shit, and I'm going to sell it, who else am I going to run MY company?"

I do hope some of that compensation came in the form of cash, because getting stock valued at 283 million means he wrote a very large check to the IRS. And if he had to sell stock to get said money he basically just gave away more of his company to other people.
 
Gweenz said:
The issue is not that CEO's do a lot of work and have a lot of responsiblity, I am sure the majority of them do. The issue is that they do not deserve to be paid hundreds or thousands of times more than someone working for them does. It's called income inequality, and the U.S. ranks worse than many third world countries:
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I'll be the first to trash CEOs, but I'll say it again, this whole company is based on HIS invention, so out of all the CEOs out there he fucking deserves to get some huge income inequality between himself and his workers.
 
sfsuphysics said:
I'll be the first to trash CEOs, but I'll say it again, this whole company is based on HIS invention, so out of all the CEOs out there he fucking deserves to get some huge income inequality between himself and his workers.
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Some? Yes. Several hundred million vs. 30k to 100k? NO.
 
sfsuphysics said:
I'll be the first to trash CEOs, but I'll say it again, this whole company is based on HIS invention, so out of all the CEOs out there he fucking deserves to get some huge income inequality between himself and his workers.
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While you have a point he did start the company around his idea i think its rather ignorant to assume that all the rest of the gopro line has been his brain child since then. I promise you he has teams of people on his payroll doing this now.

So he had a great idea and daddies money... That means hes such a hard worker.
 
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