Comments on: Who is More Likely to Become a CEO http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: telemill http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118725 telemill Fri, 07 Sep 2007 16:13:19 +0000 http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118725 For some prestige is the BEST motivator. I've met them -- they are frightening people. For some prestige is the BEST motivator. I’ve met them — they are frightening people.

]]> By: Flexo http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118695 Flexo Wed, 05 Sep 2007 23:55:20 +0000 http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118695 I'd like to own an island and resort, like Richard Branson... is that a trophy? I know I'd enjoy it. It's not enough to foster a desire to be a Fortune 500 CEO, however. I'll be fine as a visitor. Prestige is an interesting motivator. Is it enough? I guess it depends on your peer group. I'd like to see a survey. I’d like to own an island and resort, like Richard Branson… is that a trophy? I know I’d enjoy it. It’s not enough to foster a desire to be a Fortune 500 CEO, however. I’ll be fine as a visitor.

Prestige is an interesting motivator. Is it enough? I guess it depends on your peer group. I’d like to see a survey.

]]> By: KMC http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118687 KMC Wed, 05 Sep 2007 14:04:29 +0000 http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118687 Flexo, a study like you describe on CEO motivation sure would be interesting. I disagree with you though. I'd bet the primary motivator for CEOs is prestige. I think the out-sized compensation packages aren't because these guys want lots of money. It's to compare themselves against their peers. They're not immune to the disease most Americans seem to have of comparing themselves to others. After all, after several tens of millions of dollars, I'd think you'd start to run out of things to spend money on except 'trophies.' Flexo, a study like you describe on CEO motivation sure would be interesting. I disagree with you though. I’d bet the primary motivator for CEOs is prestige.

I think the out-sized compensation packages aren’t because these guys want lots of money. It’s to compare themselves against their peers. They’re not immune to the disease most Americans seem to have of comparing themselves to others.

After all, after several tens of millions of dollars, I’d think you’d start to run out of things to spend money on except ‘trophies.’

]]> By: Robin http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118681 Robin Wed, 05 Sep 2007 05:05:56 +0000 http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118681 Second born, private schooled, and female. Clearly I'll never get ahead. I'm surprised that gender wasn't mentioned. It's probably the most common element of all: men, men, men. Second born, private schooled, and female. Clearly I’ll never get ahead.

I’m surprised that gender wasn’t mentioned. It’s probably the most common element of all: men, men, men.

]]> By: Patrick http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118678 Patrick Wed, 05 Sep 2007 02:05:27 +0000 http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118678 I think this is an interesting study. One thing it doesn't mention though is single children - are they included, and are they counted as first born? I think a lot of first born children have a natural leadership ability because they took it upon themselves to do so from an early age. Public vs. Private education: I think it all depends on the person doing the studying. Those who have the drive and skill to succeed will do so wherever they go to school. Private schools just tend to open some doors that public schools may not, or at least not as quickly. This is definitely interesting. :) I think this is an interesting study. One thing it doesn’t mention though is single children – are they included, and are they counted as first born?

I think a lot of first born children have a natural leadership ability because they took it upon themselves to do so from an early age.

Public vs. Private education: I think it all depends on the person doing the studying. Those who have the drive and skill to succeed will do so wherever they go to school. Private schools just tend to open some doors that public schools may not, or at least not as quickly.

This is definitely interesting. :)

]]> By: Telemill http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118677 Telemill Wed, 05 Sep 2007 01:33:33 +0000 http://www.consumerismcommentary.com/2007/09/04/who-is-more-likely-to-become-a-ceo/#comment-118677 First-born and public university . . . I'm on my way! First-born and public university . . . I’m on my way!

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