[ITE] Intel to freeze top guys' pay

No one, I repeat NO ONE, needs that kind of money. It's such a huge waste of money that could be used in other ways.

You should be able to live an entire life, buying almost whatever you want, off of 2 million (Probably even 1 million).
EDIT: OK, maybe in my state... but not in the majority of states.

No one needs 20 cars, 4 houses, and the best of the best in every room of those 4 houses. Oh, and 4 pools and a private jet.

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Not if you want a house.

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A very large, custom built and designed, 3 story house around here cost $300,000-$500,000. Which is total overkill in everyway IMO. That still leaves 1.5 million.

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If you live 70 years $2 million is $28 thousand a year. That's not that much.

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That's not the case where I live.

Even a piece of junk house like mine will net $500k

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Houses like that where I live would easily be a million.

Then there's the whole factor of children. That in itself ends up costing a fortune.

Jeeze. Prices in Iowa must be alot lower than most other places. That's to be expected though.

I live off of 27,000/year and can still afford a top of the line computer, and a top of the line home theater system along with my 1 story, 2 bedroom, 1 bathroom house (House was $74,000). I drive a 06 Malibu, so nothing special there.. the thing has zero power, lol.

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Land is ridiculous in my state.

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connecticut is expensive. cheap houses in my town are 300,000. mine was 800,000 granted my house is uhh... 6,400sqft but yea. if you live in the ghetto you can get a house for around 100,000

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Thats insane, I think you guys also make more money on average than we do so it might equal out. I live in a very good neighborhood, in one of the larger cities in Iowa, and as I said in my previous post.. house was only $74,000.

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Prices are indeed lower in Iowa, which is fine because wages are lower, it's all relative. So $28k/year is fine depending on where you live. Regardless, no matter where you live, you don't need 12+ million/year. Companies that pay those kinds of wages just don't care about their customers, but at the same time, they don't have to, it's capitalism. Pay whoever, whatever, as long as you're making a product that people are willing to buy, and doing it legally (which they weren't).

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you think thats insane? i used to life in orange county california. think of this
connecticut(new haven country) 6,400sqft 3 acres=800,000
california(orange country)2,600sqft 1/4 acres =1,000,000

anyways i know people hate on the CEOs and what not but still... some people are going to make the money. we just hope its not politicians =]

It's pretty bad here, cheapest house you can buy here is approx 400-500k, tax for a 8000 sq. ft. property is close to 10k/year

good thing my parents moved here early before the housing bloom (over 14 years ago) heh. we bought our first house here for 220k, sold it last year for 800k

but on topic, i think those people with $12+ million salaries are just in it for "competition" amongst each other. Surely, they dont need all that money, but i'm thinking that those people have some sort of "look how much money do i make doing nothing every year" contest

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Where I currently live a 2 bedroom run down house will cost you 300,000+. It just depends on the cost of living in your area. If I were in New York I would not want to know what things would cost. Besides who cares if they make that much money it's not like the government owns them and frankly who wouldn't take that money if it were offered to them. I would hope though that those high payed execs give something back to the community once in a while.