[Stringer Bell]

Originally Posted by PEB

There are a lot of very wealthy liberals there that make Mr Dennis look like a saint. I do not think that was the point of the interview the point of the interview was about bringing this man in and to make a counter argument that wealthy people do not have to be bad people. I would say that Mr Dennis would by many conservatives be a liberal did you read anything about his life?

The guy made his fortune with stuff that conservatives would have a field day with he is mostly a skin magazine pedaler. I do not see where this interview paints the wealthy as evildoers in fact there was many good points. But more to this guys Mr Dennis point he paints a picture is that you have to give up everyone to make your fortune and anyone who tries to get in the way you have to crush. I think other then that wacky Goldman Sak's statement the Professor made many good points.

I worked for a company for 13 years when I started there the company had 280 employees and there was about 180 who worked in the US the rest around the world. The company at that time had a market cap of about 50 million dollars. The Company grew to be a 23,000 employee company at one point it's market cap went past 210 billion dollars. I watched the founder and many employees net worth grow into the billions or many millions.

I would have to say the greatest pressure and the most work was done by the sales and marketing people as well as the engineering people. There was a very competitive environment created there and the employees who did well where greatly rewarded. A few of the top guys retired at 35 years of age with millions and millions in the bank. I find that most guys where pretty likable many would send birthday cards and stop by to hang out and ask how you where doing. It's not like you have to be a pro fighter everyday and beat up everyone there are times we you can show your human side.

I guess you didn't listen to the interview, because he mentions at the very beginning that his definition of rich does not even begin until you get above $80M. He would not consider those workers you talked to rich.

[Stringer Bell]

[redjako]

Originally Posted by PEB

I understand the points you make this is just for counter point. I think I understand where Mr Dennis is coming from he's not talking about the good works these people do after they make their billion. He is talking about the ride to the top as you build your wealth along the way you have to hurt people in his mind. Somewhere along the line you missed a daughters birthday party, family gathering or worst you had to fire hundred's or thousands of people. He talking about the many problems that one faces as they build their businesses.

Indeed.

Will read his book if anything for his candor.

[PEB]

Originally Posted by Stringer Bell

I guess you didn't listen to the interview, because he mentions at the very beginning that his definition of rich does not even begin until you get above $80M. He would not consider those workers you talked to rich.

Do you have any idea how many people in that company that had a net worth over what he considered lower rich over 30 million and that I worked out each day with the many sales people who would make over 3 to 4 million a year. You seem to think that sales people that I am talking about go around and sell forks and knives no some of these sales deals where in the 5 to 10 million or more range.

The big sales reps going to OEM's would make nearly half million per sale. After working there for 10 year or more some of these guys that I used to go to the gym with received upwards of what Mr Dennis would consider entry level wealth 30 million plus. Never mind what Sr level design engineers received in this company. Let me tell you some of the deals that where handed out.

They where one of the few companies that would profit share with the design engineer. What would that mean if you invent a new way to speed the transfer of data or the amount of data that could be processed they would put your name on the patent and then pay you a percentage based on the value of your design. If you where like one of the sr design engineer he flew in to work everyday on his private 3 million dollar five seat helicopter.

When you worked for a company that had over a 200 billion dollar market cap many people became very rich even by Mr Dennis book. In fact many saw their net worth balloon over 100 million or more. This company produced two billionaires at least if not one more.

[GermanBJJ]

Originally Posted by PEB

I worked for a company for 13 years when I started there the company had 280 employees and there was about 180 who worked in the US the rest around the world. The company at that time had a market cap of about 50 million dollars. The Company grew to be a 23,000 employee company at one point it's market cap went past 210 billion dollars. I watched the founder and many employees net worth grow into the billions or many millions.

What company went from a market cap of $50M to a market cap of $210B dollars in 13 years? That's a nearly 90% compounded annual return for more than a decade. Cisco?

[GermanBJJ]

Originally Posted by PEB

As much as I respect MMA fighters I really would not consider their risk and reward to be anywhere as risky or high pressured as that of a billionaire business owner. Many business owners have the lives of hundreds or thousands that depend on their ability to be successful. These business owners have to be clean and above board as well as understand that many have set high expectations for them and that as well as the market is what puts pressure on them. MMA fighters have to feed their families and if the fight game does not work out they end up working in a job. Where business owners have everything tied up in the business if the business fails they could lose everything and hurt the thousands of families who come to work for them everyday it is not an easy place to be in for many not saying all but for many.

I am not saying it's as stressful; I am saying that achieving anything of greatness requires great sacrifice. You don't become a billionaire by working part-time, you don't become Tiger Woods without extreme amounts of practice, etc.

There is a famous story of a man who was watching Chi Chi Rodriguez hit bunker shots to within 5 feet over and over again during practice. After he sees Chi Chi do this, the man exclaimed, "Wow! I would do anything to be able to play golf like that!" Chi Chi turned around, looked the man in the eye and said, "No you wouldn't." The lesson being that everyone sees the success but they can't comprehend what had to be done to get to that level.

[Stringer Bell]

Originally Posted by PEB

Do you have any idea how many people in that company that had a net worth over what he considered lower rich over 30 million and that I worked out each day with the many sales people who would make over 3 to 4 million a year. You seem to think that sales people that I am talking about go around and sell forks and knives no some of these sales deals where in the 5 to 10 million or more range.

The big sales reps going to OEM's would make nearly half million per sale. After working there for 10 year or more some of these guys that I used to go to the gym with received upwards of what Mr Dennis would consider entry level wealth 30 million plus. Never mind what Sr level design engineers received in this company. Let me tell you some of the deals that where handed out.

They where one of the few companies that would profit share with the design engineer. What would that mean if you invent a new way to speed the transfer of data or the amount of data that could be processed they would put your name on the patent and then pay you a percentage based on the value of your design. If you where like one of the sr design engineer he flew in to work everyday on his private 3 million dollar five seat helicopter.

When you worked for a company that had over a 200 billion dollar market cap many people became very rich even by Mr Dennis book. In fact many saw their net worth balloon over 100 million or more. This company produced two billionaires at least if not one more.

How many were over $80 that you talked to and said were nice and not assholes, because you seemed to present this as evidence when it is clearly anectdotal at best.