AGCO CEO

Hey Scott,,,dang,,,take them 118 more days you come up with and that means he only shows up at the office for let's see,,,200 minus 118 is,,,,Oh My Gosh,,,only 82 workin days a year,,,,CHIT,,,I'ma gonna go fill out a new resume',,,,heck,,I can make them sweetheart deals with the best of em,,huh,,,??? HEY,,!!! By Golly,,,You can be my assistant,,,if you don't mind getting us coffee in the mornings

Geez, I would think some of you would rather have a country where everyone has equal misery like a lot of this planet. The CEO's work for the board of directors who work for the shareholders who are individuals and mutual funds who are in turn owned by individuals. If you don't like the salary that equipment manufactures make don't buy their products. If you don't like what musicians, actors, athletes make don't buy their music, watch their movies, go to sports events or watch them. This is a free country and you have the right to spend your money on what you like. I have seen a lot of farmer financials over the years and can tell you they have the same issues as the general public. some spend too much and some save too much. A lot of them are dirt rich and cash poor. I was told a long time ago if you give enough of yourself (work hard) over time you will get what you want out of life. I have never been jealous of a rich man but strive to admire what they have accomplished and copy it. I just can't sing, dance, act, or run fast so I will have to stick to what I know. You get out of life/work what you put into it.

albatros_3 wrote: Ky.Allis wrote: Full time farmers who DON'T have off-the-farm or office jobs view this topic the way that me and most others do. I'm not a full time farmer, but I'm following what you're saying. I think the problem is that so many people have jobs where you're not compensated by the amount of work you put in or demonstrated ability, but rather the skills people think you have. So they accept these multi-million dollar CEOs because they think that person has skills that warrant such compensation and do great things. There's always a news story of some CEO getting let go because they have no idea what they are doing. In fact, my office job, the higher you move up, the less work you do, but you're expected to be experienced. Well, there are plenty of folks who moved up and only know where the coffee pot is.

I'm going to sound like a broken record, however the CEO of AGCO has a salary in line with the market value.  We all have heard the stories of CEOs making money in this range.  It may not seem he deserves this money, but would any one complain if AGCO had Jack Welsh or Lee Iaccoca running the company?

If CEO Martin H. Richenhagen wants to earn his salary, bring back the AGCO brand and merge it with Challenger, and call it AGCO-Challenger with an orange color scheme.  You would have the orange and the "A-C", the people who built AGCO would be happy as...................

The net affect of this whole issue bout these obscene salaries these folks draw,,, is that at the end of the day,,,it IS the consumer AND even worst,,the employees that helped propel these kind of salaries, that suffer the most. Their rewards for workin their posteriors off,, is losing their jobs to others in some foreign lands.
I fully understand that their main job description is to make whatever decision it takes to turn a profit for the company. It just will Never sit right with me when they DO make those decisions that hurt so many Americans just to pad THEIR nest egg.

Full time farmers who DON'T have off-the-farm or office jobs view this topic the way that me and most others do.

These days it don't matter how hard you work, its who you know and if you come from money. Sad but true. 

X2

An old saying from construction workers I know around me is "If your boss makes money, so do you".

No. I don't know any. And the truth is he may not have earned it and doesn't deserve it. But that's not for me to decide or judge. My dad has always told me don't envy rich people, work hard to become one. I think we have a problem with wealth envy in this country and that's a big part of our problem. You will never hear me criticize a ceo of a free traded unregulated company, If that company is surviving and making a profit without the help of taxpayer dollars it is of no concern to me how much their ceo makes. if you don't like that CEO boycott their company. If they are not running it well, the company will fail. Then it won't cost you a dime. But it does irritate me to hear people run a guy down. Maybe he hasn't earned it and doesn't deserve it. But I doubt he stole it either. That's for his maker to judge, not me.

I know some of us on this forum have done well. How many hire farm hands or neighbor kids. I do. I am taking over my dads farm now. I guess some could say my dad gave it to me. I'm not rich by any means but I probably do better than most in my area. My dad paid my way through engineering school. And I worked and ran a lawn care business the whole time. I ran that business and hired employees. I paid them well and I sold that business for decent money when I graduated. I work a full time job now and I farm evenings and weekends. I didn't see my 8 month old boy yesterday because I was in the office at 6 yesterday morning and I was in an 8070 at 9 last night. it would piss me off if those neighbor kids that I hire were saying I didn't earn what I have. It's easy to look up the ladder and say he doesn't need that much. But just remember. There are people looking up the ladder at you too. What do you want them saying about you. I choose to figure out how to get up the ladder. Not tear it down.

Edited by wekracer - 30 Mar 2016 at 8:11am

Fellas. This is swaying close to political but if you thought you were going to get rich when you started farming your nuts. Kind of like school teachers complaining about how much they make. I'm not necessarily defending that high salary. But Start your own tractor manufacturing company if you think you can manage one so much better. you ought to be striving to Do well in your own lives rather than tearing down the guys that are. I meet some very wealthy people in my line of work and most of them are good people who work hard. I try to learn how they think rather than be jealous of them. And I can still get parts for my favorite old tractors so I will not complain. End of my rant.

i would think people like that would feel ashamed taking home a figure like that!

EPALLIS wrote: CEO Martin H. Richenhagen's total compensation for FY 2015 was $11.7 million versus $10.7 million in FY 2014 - SEC filing Source text 1.usa.gov/1PBKmB4!?

Sickening. He isn't making any decisions that any of the rest of us couldn't make. Probably, we could do it better. On top of that, he probably has an entire staff of people that do all of the leg work and research for him. The share holders should all take a long hard look at how overpaid all of the CEOs are, regardless of the corporation, and demand some changes. I think that some of those huge salaries would help the dividend checks if they were spread around some. I wonder how the salaries of the engineers, designers, and laborers compare. A CEO wouldn't be worth diddly if it weren't for the people that make things happen.
Ok, I guess I probably got a little too worked up on that, but I think it is something that has crossed all of our minds from time to time.

Chief Executive Officer at DEERE & CO, Samuel R. Allen made 15.7 million

Richard J. Tobin, Chief Executive Officer (Executive-Director) of CNH Industrial Reported Accumulated Compensation: 7.1 million

Masato Yoshikawa Chief Executive Officer and President of Kubota Tractor Corporation 5.7 million

Edited by Matt MN - 29 Mar 2016 at 12:19pm

Offensive as this salary may seem, it's small compared to CEOs in the financial "services" industry, and if you want to get really irritated, look up the executive compensation for the health insurance industry and pharmaceutical exec's.