RE: Hats Off To This Guy
April 16, 2015 at 5:40 pm
(This post was last modified: April 16, 2015 at 5:50 pm by Hatshepsut.
Edit Reason: eliminate topic drift
)
(April 14, 2015 at 5:12 pm)DeistPaladin Wrote: Easy for him to offer that kind of money. He runs a business where people just give him money without him having to produce any products or services...
Though processing credit card payments is a service. There was a day before Diner's Club and Bank Americard when it was cash or check.
It costs a fair chunk of change to capitalize and operate a credit card clearing house, even if computers are used. I'll admit this $70K guy isn't really doing everything that's involved; his firm doesn't make the plastic cards or answer customer calls and so on. These functions are outsourced. Basically, he sounds like a programming shop for the most part. At the same time he seems less greedy than CEOs often are. Sure, he's made his millions and can afford his self-imposed salary cut. But most CEOs remain tightfisted Ebenezer Scrooges no matter how much they're making and this type of gesture should be encouraged.
