salary

[Still in the hunt]

Jeffrey Romoff, president and CEO of the University of Pittsburgh Medical Center, received $3.563 million in salary in 2009, a 24.4 percent decrease from his 2008 salary of $4.711 million.

The drop reflects the health system's previously announced cuts in senior management compensation due to the economic downturn.

Read more: http://www.post-gazette.com/pg/10135/1058260-28.stm#ixzz1a7szMkwU

Still not bad work if you can get it,, I actually wrote this guy a few weeks ago about some issues I had with there (company),, i never got a response,, it was probably the case manager calling me

[gold55]

I heard Mr. Romoff doesn't do letters since his cut in pay..................(just kidding

[Still in the hunt]

ya must be tough to buy stamps on that pittance,, prob steals them from the office supplys

[gold55]

you betcha...he was stealing stamps, stationary, envelopes, envelope licking sticks and WhiteOut before and after the salary cut!!  his wife would find 20+ small stickey notepads in his suit pockets prior to sending off to the dry cleaner!   I'm sure if they would have canned him he would not have been able to obtain another job due to all the petty company theft   I'd like to have a salary like that for just one year.....I'd pay all my bills, save the rest and be set for life!  People don't need that much money so why do they end up working until they are 85??!!!!

[LisaMarie]

I don't know...It is a job I wouldn't want.  You can loose that money really easily with any sort of law suit against you or the company where you work.  The higher the ranks, the higher the level of accountability.  At the same time, they are putting in more than 40 hours a week as they have to be responsive to emergencies at all levels.  He's not only involved in his own research to help solve our medical mysteries, but he is responsible for overseeing other researchers.  He has a high level of accountability to make sure that research grants given to his company are being used properly according to the many aspects of the law.  A lot of audits happen when you get grants.  Then, you have all the issues regarding personnel.  After helping my husband with his bar/restaurant for the past 8 years, I can tell you that personnel issues for 15-20 people is very time consuming even if you are not directly the one doing the paperwork.  Making sure that all the documentation is in place for workman's comp, unemployment claims, payroll, discrimination claims, harassment issues, etc.  I would NEVER want to be President or CEO of any organization that has more than 20 people working for them and would never want to have to deal with government regulations (liquor rules are bad enough!), lawsuits, etc.  He can have his salary and I'll work for him if he wants me to help him.

[irish]

I guess I need to mention a

gain the necessity of people making short paragraphs when they post. It has been noted the past couple of weeks that the paragraphs by many people are getting so long that they are very hard to read.

All of us have "funny" eyes, problems concentrating which is made worse when we have to squint at the same time.

I am not blaming any one person. Just a gentle reminder so that we all can enjoy these posts. When they are so long I tend to just quit and go on to another thread. Thank you. Irish

[gold55]

no I wouldn't want all that responsibility, especially at my age.  I had one very responsible and time consuming position, didn't make a ton of money but "made a difference" and that was my goal.  I was ~42 and it was my last hurray in my field....I accomplished it in 3 years and then I said NO MORE STAFF!!  I now work with medical students and some resident doctors but NO STAFF!

[Carolina]

Well, above a certain amount (currently around $75K annually) money doesn't make people happier.

I don't know if that helps!  This is from The New York Times:

http://bucks.blogs.nytimes.com/2010/09/27/the-odd-relationship-between-money-and-happiness/

You may have heard about the recent study out of Princeton University, in which Daniel Kahneman, a winner of the Nobel in economic science, and co-author Angus Deaton found that people reported an increase in happiness as their incomes rose to $75,000 a year. Then, the impact of rising income on happiness levels off.


Well, this consoles me a bit, especially in the face of the plummeting stock market and the apparently never ending 'recession' we're all suffering through.

Hugs

Elaine

[Carebear]

I guess I need to mention again the necessity of people making short paragraphs when they post. It has been noted the past couple of weeks that the paragraphs by many people are getting so long that they are very hard to read.

Thanks, Irish.  I have to skip any post with long paragraphs.  I'm sure I miss all kinds of interesting things.   

[Carolina]

Me too, Irish.

Dense paragraphs wear me out.

One sentence paragraphs keep me going.



Hugs

Elaine

[drylady]

I wouldn't mind making $75,000.00 a year. Money can't buy you happiness but it can buy you other stuff.

[jazzlover]

I wouldn't mind making $75,000.00 a year. Money can't buy you happiness but it can buy you other stuff.

TRUE!!

Why is this discussion even here?? I don't get it...?

[prunella]

Does the $75,000 salary tipping point mean that so long as I earn less, which is likely to be my fate, there is potential for my happiness level to perpetually increase? 
So I should respectfully refuse offers of a pay increase?   

[Still in the hunt]

I;m sure hes aware that one slip up could send him packing,, and i am sure hes aware that he holds a position of responsibility, but i bet like a lot of ceos, he has a real nice golden parachute, trust me,, he sure isnt going to be living under a bridge and visiting food shelters anytime soon,,

[jazzlover]

Does the $75,000 salary tipping point mean that so long as I earn less, which is likely to be my fate, there is potential for my happiness level to perpetually increase? 
So I should respectfully refuse offers of a pay increase?   

-
oh yes.. and refusing all pay increases would solve all the financial woes in this country at the same time!!