If I had $9 million dollars I would be done. That's line a six figure annual salary if you put it in the safest of safe investments.
Rich people suck
this post was submitted on 20 May 2025
349 points (91.4% liked)
Uplifting News
15066 readers
1901 users here now
Welcome to /c/UpliftingNews, a dedicated space where optimism and positivity converge to bring you the most heartening and inspiring stories from around the world. We strive to curate and share content that lights up your day, invigorates your spirit, and inspires you to spread positivity in your own way. This is a sanctuary for those seeking a break from the incessant negativity often found in today's news cycle. From acts of everyday kindness to large-scale philanthropic efforts, from individual achievements to community triumphs, we bring you news that gives hope, fosters empathy, and strengthens the belief in humanity's capacity for good.
Here in /c/UpliftingNews, we uphold the values of respect, empathy, and inclusivity, fostering a supportive and vibrant community. We encourage you to share your positive news, comment, engage in uplifting conversations, and find solace in the goodness that exists around us. We are more than a news-sharing platform; we are a community built on the power of positivity and the collective desire for a more hopeful world. Remember, your small acts of kindness can be someone else's big ray of hope. Be part of the positivity revolution; share, uplift, inspire!
founded 2 years ago
MODERATORS
Thats why you're not rich. You have to be monomanic to keep wanting more money
9mil is only a abay yacht, gotta get a bigger yacht!
Cornell, who has led the Minneapolis-based retail chain since 2014, received $9.9 million in total compensation for 2024, an 87% drop from his 2020 peak of $77.5 million.
What the actual fuck? Why are humans being paid $10m A YEAR, let alone over $75m?!
I love breaking down these huge salaries into 2 week chunks because I think it brings the disparity into perspective more for people since most of us get paid 2x a month.
For $75 million that is a twice a week paycheck (I know CEOs don't get paid this way) of $3,125,000!
That's the total of 1000 employees 2 week paychecks if they all made ~ $40 an hour
What it must be like to be able to retire after your onboarding seminar.
wait, where in the world is it common to get paid twice a month? we got rid of that in like the 70s...
We get paid daily
US based here. My wife gets paid on the 15th and last day of the month (28,29,30, or 31st). So she could have anywhere from 9-12 working days each check. I am paid every other week.
For a second I was like "what month ends on the 29th???"
And then I realized you were being so specific as to include leap years one day.
strange. as far as i understand it we got rid of it because more frequent paychecks can make people subconsciously less likely to put money into savings, sort of how like living next to a supermarket makes some people cook less. it's not a law, but the unions pushed for it until it became the standard.
Hint: if it's a thing that unions push for, don't be surprised if it doesn't exist in the U.S.
It's not a coincidence at all, this place absolutely hates empowered workers.
I've never had a job that paid semimonthly, but almost every job I've ever had was bi-weekly.
wait, what does semimonthly mean? like, not every month?
The English language is scuffed; due to misunderstandings we end up with seemingly opposite words now being used interchangeably to mean the same thing:
- flammable and inflammable, now both usually mean something can be set alight.
- biannual and semiannual, both mean twice a year and once every two years - which is even more confusing.
It’s at the point where if you can’t derive the intended definition from context, you need to ask for clarification! 🤦🏻♂️
In this context, I’m pretty sure the commenter was referring to twice-a-month payment. Here in Australia we would call that fortnightly (once every two weeks), where we end up with a scenario where twice a year we end up with 3 payments (for a total of 26 a year). This tends to be more common for hourly wages roles.
It’s been a hot minute since I was paid like that, as corporate salaried positions now tend to be monthly - in order to keep things simple for the HR and Finance teams, and honestly helps people like me to learn/maintain better fiscal responsibility and budgeting.
why then separate it from biweekly?
Biweekly is fortnightly. Every two weeks. I.e. Every other Thursday.
Semi-monthly would be twice a month, i.e. the 1st and the 15th.
26 biweekly paychecks in a year...24 semimonthly paychecks in a year.
JasonDJ did a good job at explaining the what, the why would be down to cost-cutting. There are fixed costs associated with putting out payroll (beyond man hours required, there are processing fees etc.); so opting for 2/month instead of fortnightly saves you ~10% in fixed costs.
"Flammable" was invented specifically to avoid confusion with "inflammable."
Who is "we"?
most of europe i assumed, but now that i've said it i realise i have no data.
My last job paid 1st and 15th . And the company i own now does the same.
I find budgeting much simpler than with a bi-weekly paycheck.
Honestly I get paid once a month but I know some of my friends have 2 paydays a month so it's still out there in the wild
i have only ever heard of one place that paid biweekly, and that was a completely analog firm run by some religious nut. they stopped doing it in like 2002 and everyone who worked there complained.
Twice a week would be 700k
He still “earned” 753x more than the median Target salary. Crushing, I am sure. How will he ever survive?
I'm not sure that there's any aspect about this news that's truly "uplifting".
Not even the slightest uplifting.
Stock holders and owners are probably dictating these changes. Not the CEO alone.
It's not uplifting. Almost nothing in this c is.
Target’s CEO pay ratio now stands at 753 to 1, with median employee pay at $27,090.
Not enough. We need more pressure.
For those of you not aware of Target's recent troubles, here is an astrophysicist explaining why they suck. : https://www.youtube.com/watch?v=lPVSj9rcK-E With data!
I love Angela's take on billionaires wanting to be physicists.
Just to put $10 million a year into better perspective: that is ~ $833,000 per month or ~$208,000 each Week! for one year
To break it even further down: that's $5200/hr or almost $87/min -- over $1/sec to be CEO there
Can you imagine how many rounds of interviews he had to go through to get the job? 🤪
With CEO's it's generally the company that seeks them out. He likely wasn't interviewed so much as courted.
oh no. anyway.
Salary removed by moderator.
Really painted a target on his back, didn’t he?
I see what you did there...
lol. That is all.