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Old 07-10-2008, 06:10   #1
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Top earning Pirates of all time!

CANOE Money - News - Forbes: Top-earning pirates

The 20 Highest-Earning Pirates
Pirate Wealth (2008 dollars)
  1. Samuel "Black Sam" Bellamy $120 million
  2. Sir Francis Drake $115 million
  3. Thomas Tew $103 million
  4. John Bowen $40 million
  5. Bartholomew "Black Bart" Roberts $32 million
  6. Jean Fleury $31.5 million
  7. Thomas White $16 million
  8. John Halsey $13 million
  9. Harry Morgan $13 million
  10. Edward "Blackbeard" Teach $12.5 million
  11. Samuel Burgess $9.5 million
  12. Edward England $8 million
  13. Francois le Clerc $7.5 million
  14. Howell Davis $4.5 million
  15. Stede Bonnet $4.5 million
  16. Richard Worley $3.5 million
  17. Charles Vane $2.3 million
  18. Edward Low $1.8 million
  19. John Rackam $1.5 million
  20. James Martel $1.5 million
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Old 07-10-2008, 06:20   #2
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Shouldn't the U.S. government be in that list somewhere?
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Old 07-10-2008, 06:39   #3
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Modern Pirates:

Richard S. Fuld Jr. said a compensation system that he estimated paid him about $350 million between 2000 and 2007, even as Lehman Brothers headed for disaster, was appropriate.
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Old 07-10-2008, 06:43   #4
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Gord,

But they did go through a long thoughtout process to keep those payouts in line.....YEAH RIGHT!
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Old 07-10-2008, 07:24   #5
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Modern Pirates:

Richard S. Fuld Jr. said a compensation system that he estimated paid him about $350 million between 2000 and 2007, even as Lehman Brothers headed for disaster, was appropriate.
But you can't get expert leadership unless you pay that kind of money...

Oh, and guarantee that when they bankrupt the company they have a golden parachute to reward their risk...
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Old 07-10-2008, 08:32   #6
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modern pirate: Lee Raymond

Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes.
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Old 07-10-2008, 08:38   #7
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Are we forgetting Jack Wilson at $6,650,000?

http://sports.espn.go.com/mlb/player...?playerId=4627
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Old 07-10-2008, 09:05   #8
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Back around 1980, big-time corporate CEOs in the United States took home just over 40 times the pay of average American workers.

Today’s average American CEO from a Fortune 500 company makes 364 times an average worker’s pay, and over 70 times the pay of a four-star Army general.

The top 20 private equity and hedge fund managers, Forbes magazine estimates, pocketed an average $657.5 million, or 22,255 times the pay of an average U.S. worker.

* Three hedge fund managers James Simons of Renaissance Technologies Corp., Kenneth Griffin of Citadel Investment Group, and Sears Holding Corp. Chairman Edward Lampert, who also runs ESL Investments) collectively earned $4.4 billion last year.

If the minimum wage had risen at the same pace as CEO pay since 1990, it would be worth $22.61 today, according to the Institute for Policy Studies. Instead, the federal minimum wage increased to $5.85 an hour on July 24/07, the first increase in a decade.
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Old 07-10-2008, 11:14   #9
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Those figures are definitely ridiculous, but in the end they weren't literally slitting the throats of people to get money.
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Old 07-10-2008, 13:17   #10
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Maybe they didn't slit their throats. A lot of reitrement funds have surely died!
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Old 07-10-2008, 13:21   #11
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How about giving them the golden parachutes, without the ripcords?
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Old 07-10-2008, 13:26   #12
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How about giving them the golden parachutes, without the ripcords?
Only problem with that is. We would be polluting the earth with these dirt bags!!!!....good idea though
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Old 07-10-2008, 13:46   #13
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modern pirate: Lee Raymond

Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes.
I'm not sure how that qualifies him as a pirate. He's actually made his company PROFITABLE. This package is 1% of their 2007 profits. Not unreasonable.
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Old 07-10-2008, 13:51   #14
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Back around 1980, big-time corporate CEOs in the United States took home just over 40 times the pay of average American workers.

Today’s average American CEO from a Fortune 500 company makes 364 times an average worker’s pay, and over 70 times the pay of a four-star Army general.

The top 20 private equity and hedge fund managers, Forbes magazine estimates, pocketed an average $657.5 million, or 22,255 times the pay of an average U.S. worker.

* Three hedge fund managers James Simons of Renaissance Technologies Corp., Kenneth Griffin of Citadel Investment Group, and Sears Holding Corp. Chairman Edward Lampert, who also runs ESL Investments) collectively earned $4.4 billion last year.

If the minimum wage had risen at the same pace as CEO pay since 1990, it would be worth $22.61 today, according to the Institute for Policy Studies. Instead, the federal minimum wage increased to $5.85 an hour on July 24/07, the first increase in a decade.

Fortunately, people don't make the minimum wage (except for unskilled people with no experience.....high schoolers and college kids, mostly), so that comparison is moot.

I fail to see why folks get so worked up about executive salaries.

Let's see, a guy who runs a multi-billion dollar company and is held responsible for the work of 10s or 100s of thousands of people gets paid the same amount as 364 people. Sounds like he's UNDERPAID, if you look at it that way.

If people spent as much time and effort focusing on how to better themselves as they seem to do compiling executive salary statistics and bitching about them, they'd be a lot closer to making those kinds of salaries themselves.
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Old 07-10-2008, 13:57   #15
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If people spent as much time and effort focusing on how to better themselves as they seem to do compiling executive salary statistics and bitching about them, they'd be a lot closer to making those kinds of salaries themselves.
Says the guy posting on a Sailing forum during work hours
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