AGCO CEO
Printed From: Unofficial Allis
Category: Allis Chalmers
Forum Name: Farm Equipment
Forum Description: everything about Allis-Chalmers farm equipment
URL: https://www.allischalmers.com/forum/forum_posts.asp?TID=121074
Printed Date: 18 Jul 2025 at 12:20pm
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Topic: AGCO CEO
Posted By: EPALLIS
Subject: AGCO CEO
Date Posted: 28 Mar 2016 at 9:03pm
| 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!? |
Replies:
Posted By: desertjoe
Date Posted: 28 Mar 2016 at 9:59pm
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dang,,,,,,dang,,,,I'm impressed,,,,11.7 million for 365 days work,,,minus 10weeks vacation,,,minus time away from office ( 10 weeks)for meetings in Hawaii, Spain, Japan, Greece, timbuctu,,, throw a little sick time in there for good measure ( 2 weeks) not too shabby for bout 200 actual work days per year,,,,we in the wrong business,,,,,  No small wonder those parts are so,,,,,,oh well,,,,,
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Posted By: LeonR2013
Date Posted: 28 Mar 2016 at 10:10pm
| Joe I think you may be blowing out of proportion the word "working". Leon R Cmo |
Posted By: SHAMELESS
Date Posted: 28 Mar 2016 at 10:36pm
| yeah...try 5 weeks vacation, then all the golf games everyday playing with who ever! and a company car and gas and services, and an expense account card, and wine and dine others...the list goes on and still gots a raise! bet he don't have a metal desk! |
Posted By: desertjoe
Date Posted: 29 Mar 2016 at 4:04am
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Well,,,I'm gonna try something,,,"let's just say," If I buy all of my parts from people here and Ebay,,,,and NONE from AGCO,,will he get 'nother raise next year,,,,or,,,,,,will he get canned,,,??? Those kinds of "compensation" are just obscene as all get out,,,,,wonderin how he feels bout income re-distribution,,,,?????
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Posted By: JPG AUSTRALIA
Date Posted: 29 Mar 2016 at 6:59am
| No one is worth that kind of salary,and no wonder there is nothing much made in the western countries anymore .Too many overpaid ceo,s |
Posted By: CAL(KS)
Date Posted: 29 Mar 2016 at 8:21am
bingo ------------- Me -C,U,UC,WC,WD45,190XT,TL-12,145T,HD6G,HD16,HD20 Dad- WD, D17D, D19D, RT100A, 7020, 7080,7580, 2-8550's, 2-S77, HD15 |
JPG AUSTRALIA wrote:Posted By: tractorman
Date Posted: 29 Mar 2016 at 8:29am
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Spend a little time looking up AGCO in YAHOO finance, you may find some very interesting information, like share price, insider roster insider transactions, and who is tractor and farm equipment ltd anyway. I have little good to say about agco and their treating of Allis and Allis people, but they do have the parts our older tractors need and often they are competitive. ------------- Play on 38 B 49 WF , working on D14, D15 B10, Bee 12 B110. use 185 and 190 |
Posted By: carl
Date Posted: 29 Mar 2016 at 11:44am
| 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. |
Posted By: OutlawACfan86
Date Posted: 29 Mar 2016 at 11:55am
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and how much are the CEOs of AGCO's competitors making?
------------- WD45 nfe, D19 gas, 180 with rops & 500 loader |
Posted By: Matt MN
Date Posted: 29 Mar 2016 at 12:10pm
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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 ------------- Unless your are the lead horse the scenery never changes!! |
Posted By: Ky.Allis
Date Posted: 29 Mar 2016 at 12:42pm
| Stop and think how long it would take YOU to earn that much money and how much WORK you would have to do. It's a shame that all most farmers do is work for the equipment manufactures. Their sales may go down at times but their HIGH profit margins stay the same no matter what commodity prices are. I'm selling feeder calves for 30% less than a year ago. How many people,stores businesses or manufactures could survive that kind of cut in salary and survive? As already stated NOBODY at ANY job is worth that kind of money!!! Personally I would like to see all the BIG AG manufactures go broke. They have been "Hose Banging" the farmer for years. |
Posted By: redline
Date Posted: 29 Mar 2016 at 12:57pm
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. ------------- If it weren't for the last minute, I wouldn't get anything done! |
Posted By: BrianC
Date Posted: 29 Mar 2016 at 4:53pm
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Rich people are good at throwing parties, especially if they can take it as a tax write-off. I propose an AGCO past and present equipment party. The AGCO Family Jamboree. Maybe at Jackson MN facility. Bring all the new and old stuff, an "Orange Spectacular" type gathering of Allis, Massey, Oliver, White, Minneapolis-Moline, Gleaner. Ag and construction. AGCO can bring all the new stuff- Challenger and Massey Ferguson and combines. Get 600 heritage tractors and implements, plus a hundred new models. Show the world that AGCO is our roots and has a bright future. Plus I like free beer. Maybe they can support with gas money for exhibitors. Yeah, a $3 million dollar show party. |
Posted By: nickia
Date Posted: 29 Mar 2016 at 6:09pm
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i would think people like that would feel ashamed taking home a figure like that! |
Posted By: SHAMELESS
Date Posted: 29 Mar 2016 at 8:59pm
| and i'll bet he don't even know how to hook up a 3-pt plow! |
Posted By: wekracer
Date Posted: 30 Mar 2016 at 6:07am
| 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. |
Posted By: desertjoe
Date Posted: 30 Mar 2016 at 7:12am
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gosh,,Racer,,,you know some CEOs make that kind of money,,,???
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Posted By: wekracer
Date Posted: 30 Mar 2016 at 8:05am
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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. |
Posted By: SteveM C/IL
Date Posted: 30 Mar 2016 at 1:01pm
| You said it well wekracer. |
Posted By: Lonn
Date Posted: 30 Mar 2016 at 1:05pm
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An old saying from construction workers I know around me is "If your boss makes money, so do you".
------------- -- --- .... .- -- -- .- -.. / .-- .- ... / .- / -- ..- .-. -.. . .-. .. -. --. / -.-. .... .. .-.. -.. / .-. .- .--. .. ... - Wink I am a Russian Bot |
Posted By: dpower
Date Posted: 30 Mar 2016 at 9:35pm
| lol he aint worth that and everyone is entitled to their opinion. Just like when hostees went broke the workers got screwed on their retirement but the big guys got their huge buy outs. Dont tell me they worked as hard as the guys making the product. What a joke. |
Posted By: SHAMELESS
Date Posted: 30 Mar 2016 at 9:48pm
| X2 |
Posted By: SHAMELESS
Date Posted: 30 Mar 2016 at 9:49pm
| and...i'll bet he hasn't saved hardly any of it! |
Posted By: dpower
Date Posted: 30 Mar 2016 at 9:52pm
| These days it don't matter how hard you work, its who you know and if you come from money. Sad but true. |
Posted By: SHAMELESS
Date Posted: 30 Mar 2016 at 9:56pm
| I can attest to that from the "stockholders"! they both married money. |
Posted By: Ky.Allis
Date Posted: 30 Mar 2016 at 11:24pm
| Full time farmers who DON'T have off-the-farm or office jobs view this topic the way that me and most others do. |
Posted By: albatros_3
Date Posted: 31 Mar 2016 at 5:40am
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. |
Posted By: desertjoe
Date Posted: 31 Mar 2016 at 6:28am
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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. |
Posted By: tractorman
Date Posted: 31 Mar 2016 at 9:35am
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pleas refer back to a book of the 60's or 70's The Peter Principle no its not a sex book for the 21st century ! ------------- Play on 38 B 49 WF , working on D14, D15 B10, Bee 12 B110. use 185 and 190 |
Posted By: OutlawACfan86
Date Posted: 31 Mar 2016 at 10:21am
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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................... ------------- WD45 nfe, D19 gas, 180 with rops & 500 loader |
Posted By: gleaner1
Date Posted: 31 Mar 2016 at 10:47am
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what a great idea. also get rid of the whole massey brand. Even seeing that name and color on all the new Hesston equipment is just a disgrace to the Hesston brand. Agco is never going to compete with Deere and CNH with all these brand names and colors. They need to focus on ONE brand and color. ------------- ALLIS CHALMERS "The color is orange" |
Posted By: OutlawACfan86
Date Posted: 31 Mar 2016 at 11:43am
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? ------------- WD45 nfe, D19 gas, 180 with rops & 500 loader |
Posted By: OutlawACfan86
Date Posted: 31 Mar 2016 at 11:48am
CNH has two tractor brands, New Holland and CaseIH. AGCO could have two tractor brands, AGCO-Challenger and Massey-Ferguson. Have the Gleaner Combines, Hesston haying and harvesting equipment, and White-Sunflower tilling and planting equipment. ------------- WD45 nfe, D19 gas, 180 with rops & 500 loader |
Posted By: TOM H
Date Posted: 31 Mar 2016 at 12:30pm
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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. ------------- Allis-Chalmers 1927 E,1928 U,1944 WC,H3,D10,D12,D14,D15,D17,D21,TT-10 Terra Tiger, 1964 AC Golf Cart, Allis Chalmers Fridges,100's of AC Literature and Ops.and Parts manuals |
Posted By: Scott B
Date Posted: 31 Mar 2016 at 12:45pm
Joe, ya forgot to subtract out the 104 'weekend' days and the typical 14 days of corporate holidays (gotta celebrate the presidents!)  ------------- D17 Series 1 Allis B- 1939 Allis B- 1945 |
Posted By: desertjoe
Date Posted: 31 Mar 2016 at 5:10pm
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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 
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Posted By: VAfarmboy
Date Posted: 31 Mar 2016 at 10:00pm
You are entirely correct, but he is a European and Europeans simply do not understand brand loyalty here in the US. |