AGCO CEO

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!?

Joe I think you may be blowing out of proportion the word "working".  Leon R   Cmo

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,,,,?????

JPG AUSTRALIA wrote: 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

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. 

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

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.

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

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.

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

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

X2

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

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

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.