Top earning Pirates of all time!

**knottybuoyz** · 07-10-2008, 06:10

CANOE Money - News - Forbes: Top-earning pirates

The 20 Highest-Earning Pirates
Pirate Wealth (2008 dollars)

Samuel "Black Sam" Bellamy $120 million
Sir Francis Drake $115 million
Thomas Tew $103 million
John Bowen $40 million
Bartholomew "Black Bart" Roberts $32 million
Jean Fleury $31.5 million
Thomas White $16 million
John Halsey $13 million
Harry Morgan $13 million
Edward "Blackbeard" Teach $12.5 million
Samuel Burgess $9.5 million
Edward England $8 million
Francois le Clerc $7.5 million
Howell Davis $4.5 million
Stede Bonnet $4.5 million
Richard Worley $3.5 million
Charles Vane $2.3 million
Edward Low $1.8 million
John Rackam $1.5 million
James Martel $1.5 million

Triton318 · 07-10-2008, 06:20

Shouldn't the U.S. government be in that list somewhere?

**GordMay** · 07-10-2008, 06:39

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.

imagine2frolic · 07-10-2008, 06:43

Gord,

But they did go through a long thoughtout process to keep those payouts in line.....YEAH RIGHT!

**Ex-Calif** · 07-10-2008, 07:24

Quote:

Originally Posted by GordMay

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...

gonesail · 07-10-2008, 08:32

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.

**David M** · 07-10-2008, 08:38

Are we forgetting Jack Wilson at $6,650,000?

http://sports.espn.go.com/mlb/player...?playerId=4627

**GordMay** · 07-10-2008, 09:05

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.

bmanley · 07-10-2008, 11:14

Those figures are definitely ridiculous, but in the end they weren't literally slitting the throats of people to get money.

imagine2frolic · 07-10-2008, 13:17

Maybe they didn't slit their throats. A lot of reitrement funds have surely died!

Roy M · 07-10-2008, 13:21

How about giving them the golden parachutes, without the ripcords?

imagine2frolic · 07-10-2008, 13:26

Quote:

Originally Posted by Roy M

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

Alexei · 07-10-2008, 13:46

Quote:

Originally Posted by gonesail

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.

Alexei · 07-10-2008, 13:51

Quote:

Originally Posted by GordMay

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.

skatastrophy · 07-10-2008, 13:57

Quote:

Originally Posted by Alexei

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

07-10-2008, 06:10	#1
knottybuoyz Moderator Site Helper Join Date: Nov 2005 Location: Canada Boat: Sunray Mirage 25' Posts: 1,851 Images: 85	Top earning Pirates of all time! CANOE Money - News - Forbes: Top-earning pirates The 20 Highest-Earning Pirates Pirate Wealth (2008 dollars) Samuel "Black Sam" Bellamy $120 million Sir Francis Drake $115 million Thomas Tew $103 million John Bowen $40 million Bartholomew "Black Bart" Roberts $32 million Jean Fleury $31.5 million Thomas White $16 million John Halsey $13 million Harry Morgan $13 million Edward "Blackbeard" Teach $12.5 million Samuel Burgess $9.5 million Edward England $8 million Francois le Clerc $7.5 million Howell Davis $4.5 million Stede Bonnet $4.5 million Richard Worley $3.5 million Charles Vane $2.3 million Edward Low $1.8 million John Rackam $1.5 million James Martel $1.5 million __________________ Yours Aye! Rick ~^~^~^^~^~^~^~^~^~^~^~~^~^~~^~^~^^~~^~^ "Under certain circumstances, profanity provides a relief even denied to prayer." Mark Twain

07-10-2008, 06:20	#2
Triton318 Registered User Join Date: Aug 2006 Location: Hayes, Virginia - York River/Chesapeake Bay Boat: Pearson Triton, 28' - Dove Posts: 79	Shouldn't the U.S. government be in that list somewhere? __________________ Jay White S/V Dove 1962 Pearson Triton, #318

07-10-2008, 06:39	#3
GordMay Administrator Site Administrator Join Date: Mar 2003 Location: Thunder Bay, Ontario - 48-29N x 89-20W Boat: C.L.O.D. (Cruiser Living On Dirt) Posts: 9,728 Images: 232	Modern Pirates: Richard S. Fuld Jr. said a compensation system that he estimated paid him about $350 million between 2000 and 2007, even as Lehman Brothers headed for disaster, was appropriate. __________________ Gord May ~~_/)_~~ (Gord & Maggie - "Southbound") "If you didn't have time/$ to do it right in the first place, when will you get the time/$ to fix it?"

07-10-2008, 06:43	#4
imagine2frolic Registered User Join Date: Feb 2008 Location: N.E. Florida Boat: Simpson, Catamaran, 46ft. IMAGINE Posts: 2,117 Images: 112	Gord, But they did go through a long thoughtout process to keep those payouts in line.....YEAH RIGHT! __________________ BORROWED! No single one of us is as smart as all of us! SAILING is not always a slick magazine cover!

07-10-2008, 08:38	#7
David M Moderator Site Helper Join Date: Sep 2007 Location: San Francisco Bay Posts: 2,899	Are we forgetting Jack Wilson at $6,650,000? http://sports.espn.go.com/mlb/player...?playerId=4627 __________________ David "Marge! Look at all the great stuff I found at the Marina. It was just sitting in some guys boat!" -Homer Simpson

07-10-2008, 08:32	#6
gonesail Registered User Join Date: Mar 2006 Location: neptune beach, florida Boat: caliber 33 jammin Posts: 248 Images: 4	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.

07-10-2008, 09:05	#8
GordMay Administrator Site Administrator Join Date: Mar 2003 Location: Thunder Bay, Ontario - 48-29N x 89-20W Boat: C.L.O.D. (Cruiser Living On Dirt) Posts: 9,728 Images: 232	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 $5.85 an hour on July 24/07, the first increase in a decade. __________________ Gord May ~~_/)_~~ (Gord & Maggie - "Southbound") "If you didn't have time/$ to do it right in the first place, when will you get the time/$ to fix it?"

07-10-2008, 11:14	#9
bmanley Registered User Join Date: Feb 2007 Posts: 16	Those figures are definitely ridiculous, but in the end they weren't literally slitting the throats of people to get money.

07-10-2008, 13:17	#10
imagine2frolic Registered User Join Date: Feb 2008 Location: N.E. Florida Boat: Simpson, Catamaran, 46ft. IMAGINE Posts: 2,117 Images: 112	Maybe they didn't slit their throats. A lot of reitrement funds have surely died! __________________ BORROWED! No single one of us is as smart as all of us! SAILING is not always a slick magazine cover!

07-10-2008, 13:21	#11
Roy M Registered User Join Date: Feb 2007 Location: Southwestern Yacht Club, San Diego, CA Boat: Searunner 40 trimaran, WILDERNESS Posts: 493 Images: 4	How about giving them the golden parachutes, without the ripcords?

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