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Posts Tagged ‘Lady Gaga’

IS EXECUTIVE PAY A BARGAIN COMPARED TO CELEBRITY PAY?

Wednesday, May 28th, 2014

CEO-moneyPosted by Leonard Steinberg on May 28th, 2014

Todays revelation of executive pay shows how much top executives earn, and already the cries of outrage are being heard. The divide between the top earners and the average earners in a company is growing, yet the divide between those that are often responsible for the livelihoods of thousands and those that get married for publicity is growing too. The median annual pay of the top 300 largest publicly traded corporate bosses was $ 11.4million, certainly not a number to be sneezed at. Yet at the top, certain executives made in excess of $ 30m! Larry Ellison hit the jackpot with $ 76.9million, just shy of $ 1.5m per week, slightly less than Lady Gaga though. The top 10% by pay earned 23% of the total compensation, while the bottom 30% accounted for just 13% of the total.

Now compare these numbers to the payouts of celebrities:  Madonna earned $ 125m in 2013…..Lady Gaga $ 80m…..Dr. Dre $ 40m…..Tom Brady $ 38m……Glenn Beck $ 90m……Judge Judy $ 47m…..Tyler Perry $ 78m…..Tiger Woods $ 78m….the amazingly talented Kim Kardashian earns well over $10m per year…..Kanye West $ 20m…..all these figures should put executive pay into perspective for anyone outraged that corporate executives are overpaid. Some certainly are, but when compared to the world of celebrity, they are a relative bargain.

 

WOMEN’S WEALTH TO GROW SIGNIFICANTLY OVER THE NEXT 20 YEARS

Thursday, November 24th, 2011

Posted on November 23rd, 2011 by Leonard Steinberg.

In to-day’s Wall Street Journal it is reported that over the next 20 years, some $25 trillion will be passed to women  through divorce, death of spouse or inheritance. Women already make up  just under half of the nation’s millionaires. Combined with their  growing earning and wealth-creation power, women may account for up for  two thirds of the nation’s wealth by 2030. Single female buyers are a growing group of buyers, many empowered with self created wealth through their own professional efforts: New York real estate must cater to this potent force.

This message should be a wake up call to all real estate professionals who already witness this growing trend on a daily basis. I personally see women as the primary decision makers in the majority of residential real estate purchases. The big questions to be asked now are:  how are real estate professionals addressing the needs of women differently? Women prefer a different style of communication to most men. They prefer a different approach. They are as in tune with their emotional needs as they are their practical needs. While men often seek the WOW factor in a property, women think more practically, exploring closet space (an issue most men completely ignore), the quality and selection of finishes, how a space functions for daily life, how a home has to not only fullfill the need for space, but how it should connect emotionally too. We have found while staging apartments, many men are most concerned with where they will place their big screen TV….women on the other hand want to know where they could sit, relax and read a good book and unwind. They truly appreciate a cashmere throw on a comfortable chaise perched by a window with a view…. Women’s esthetic awareness is on average very strong. This can sometimes be a disadvantage to some women buyers when they focus more on the esthetics (that can always be changed) instead of the fundamentals of space:  volume, light, views, etc.

Women also have greater ease committing to something (in life and real estate): As Lady Gaga sings “We have a whole lot of money, but we still pay rent: you cannot buy a house in heaven!”, most women recognize a clock is ticking and waiting (and renting) is often not the smartest option if you have a lot of money…..establishing a more permanent home is wise investment-wise, but more importantly it’s wise for quality-of-life. I think men enjoy seeing their bank balance as much as women enjoying living in a very comfortable home.

This trend is probably one of the most important to watch for developers: most developers and their architects are male, and really have to consider this important female perspective in their future projects. I have spoken in the past for the horrific lack of CHARM in most new buildings….this is certainly an area that could appeal strongly to women, and strong consideration should be given to making new buildings feel more like homes than generic rental buildings or the latest of-the-moment boutique hotel. Bankers take note too: buildings are not purely about square feet and dollars although these too are important considerations.

We will explore this subject more over the next few months and get back to you with our survey results….in the mean time let’s GIVE THANKS to Women!