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re: Rumor Shell is closing down its New Orleans operations

Posted on 1/21/16 at 10:30 am to
Posted by OceanMan
Member since Mar 2010
22535 posts
Posted on 1/21/16 at 10:30 am to
quote:

Highly dependent on the location. $1.50/sqft for rent and 250-300/sqft, for purchase, in the the same area is common.


No doubt, NOLA is all over the board, and my focus is a bit more narrow as I pay more attention to the traditional rental areas like University, Uptown and MC (rather than say WHD/CBD, where rents are ridiculous and usually in an apartment/condo setting). I point to those areas because you can directly compare what you can rent, to what you can buy, because you are talking about similar (or sometimes the same) units, whereas condos have varying amenities, HOA fees, and a couple blocks can make more of a difference, so the numbers are a bit harder to compare.

Still, I definitely concede that this whole argument is highly dependent on the area/neighborhood in question. Areas like WHD and nicest UPT, are way overpriced, IMO, whether you rent or buy, so I pay less attention to those prices.
Posted by yellowfin
Coastal Bar
Member since May 2006
98706 posts
Posted on 1/21/16 at 10:34 am to
not much different than oil and gas sales when things are rolling with the food delivery
Posted by rocket31
Member since Jan 2008
41875 posts
Posted on 1/21/16 at 10:36 am to
Most of these people voted for this market system and now they are whining about something they originally supported...
Posted by OceanMan
Member since Mar 2010
22535 posts
Posted on 1/21/16 at 10:37 am to
quote:

Did the CEO and board of directors take pay cuts to help prevent laying off people? Didn't think so.



I always just blindly blame the person in charge for everything too, much easier than doing any sort of actual thinking.

Posted by The Egg
Houston, TX
Member since Dec 2004
82991 posts
Posted on 1/21/16 at 10:37 am to
speaking of Houma,

quote:

HOUMA, La. (AP) — National Oilwell Varco, a manufacturer and parts supplier to the oil and gas industry, is shutting down its facility in Houma, Louisiana, and that will put 80 employees out of work.
LINK
Posted by rocket31
Member since Jan 2008
41875 posts
Posted on 1/21/16 at 10:39 am to
It's not an unjust criticism to suggest the CEO is paid a little too much.

That's not blind, its just common sense
Posted by The Egg
Houston, TX
Member since Dec 2004
82991 posts
Posted on 1/21/16 at 10:40 am to
layoffs would still happen if the shell CEO made $10 Million

or 5 million

or much less
Posted by ShaneTheLegLechler
Member since Dec 2011
62964 posts
Posted on 1/21/16 at 10:42 am to
quote:

Shell CEO make $25M a year.


How much of this do you think is tied up in stock that has plummeted? Do you think he determines his own salary?
Posted by Oates Mustache
Member since Oct 2011
25779 posts
Posted on 1/21/16 at 10:43 am to
I posted that yesterday, and no one blinked at it. This is just the beginning, sadly.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/21/16 at 10:45 am to
quote:

It's not an unjust criticism to suggest the CEO is paid a little too much. That's not blind, its just common sense


How much do you think he should be paid?
Posted by loganfoster
Member since Nov 2015
101 posts
Posted on 1/21/16 at 10:46 am to
I'd like to chime in.....

IMO all this talk about should've chosen a different career is BS. In South Louisiana let's say 60% of people work in the o&g industry. The other 40 work in other areas. If that 60% loses jobs or takes a pay cut, the other 40% is going to feel the hit as well. The reason being is if people are not making money.....they're not spending money!

So regardless of what a individual chose to do with there life, I'd say at least 90% of our lives revolve around the oil industry in some way.

From Pablo building the scaffold for Hector to paint a pipe.......to Susan that's a contract lawyer for a big refinery.......we all feel it
This post was edited on 1/21/16 at 10:47 am
Posted by tankyank13
NOLA
Member since Nov 2012
8155 posts
Posted on 1/21/16 at 10:47 am to
quote:

It's not an unjust criticism to suggest the CEO is paid a little too much. 




Is the guy in your avatar overpaid? Does he make too much? Why should i have to pay 10 dollars for a beer to support obscence salaries of professional atheletes? Or is it his market value?

Eta: Does LeBron care about the child in the sweat shops sewing his shoes making a nickel a day?
This post was edited on 1/21/16 at 10:48 am
Posted by rocket31
Member since Jan 2008
41875 posts
Posted on 1/21/16 at 10:47 am to
The value of his labor which I can safely assume is not 10000% more than the average grunt.
Posted by The First Cut
Member since Apr 2012
14494 posts
Posted on 1/21/16 at 10:48 am to
quote:

How much do you think he should be paid?


Whatever the board of directors think he should be paid. The people on this site don't have the foggiest idea of corporate governance. The CEO doesn't set his own salary, the board does, and the board is elected by the shareholders. CEOs take the best offer they can get, just like everyone else in America.
Posted by mostbesttigerfanever
TD platinum member suite in TS
Member since Jan 2010
5025 posts
Posted on 1/21/16 at 10:48 am to
oh shite
Posted by The First Cut
Member since Apr 2012
14494 posts
Posted on 1/21/16 at 10:48 am to
quote:

The value of his labor which I can safely assume is not 10000% more than the average grunt.


..and that's where you are wrong.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/21/16 at 10:49 am to
You think some grunt that has a GED can run a multi-billion dollar global company?
Posted by rocket31
Member since Jan 2008
41875 posts
Posted on 1/21/16 at 10:50 am to
Lebron James is severely underpaid.

But it's not even comparable. The CEO is replaceable.
Posted by OLDBEACHCOMBER
Member since Jan 2004
7444 posts
Posted on 1/21/16 at 10:51 am to
quote:

Where do you guys even come up with this nonsense.


Sorry I'm getting it from my Shell desk top home page.
Posted by OceanMan
Member since Mar 2010
22535 posts
Posted on 1/21/16 at 10:51 am to
quote:

It's not an unjust criticism to suggest the CEO is paid a little too much.

That's not blind, its just common sense


Well, I think it was suggested that he take a pay cut to keep jobs alive, rather than suggesting he gets paid too much. That is short term thinking plain and simple. I would say the average Shell employee is making at least $50k/yr; So if he gives up his entire salary (which he claimed was $25M, so we will use this), he saves 500 jobs max. Now you have an unpaid CEO of one of the largest companies in the world, with its industry facing one of its toughest economic downturns in history, still trying to decide how he will save the other 93,500 jobs that the company employs.

CEO's of companies that large get paid the way they do because they have to lay people off en masse sometimes. That is a tough and shitty decision to have to make, but is made with the longevity of the company in mind, which is what he is employed to do.

Does he get paid too much? I don't know, but I understand how someone could think that. However, these companies have to be competitive, and compensation is one of the best ways to stay competitive. That goes from top level to bottom employee.
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