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Reducing the compensation of a CEO by half is not an easy decision. But for board members with shareholders to consider, tough decisions like these are sometimes necessary.
The stories I have chosen to tell are not easy for me to share. These are not my proudest moments, and I usually prefer to wear my confident, professional persona for public consumption.
It’s the new adage of the marketing world: the secret to happiness is spending money on experiences, not things. While the desire for the latest gizmo has long fueled a culture of consumption, lasting memories can make a business a winning one.
At age ten, Kent Andersen set his sights on being a doctor. He never once doubted his future in medicine—that is, until he submitted his medical school application. To the shock of friends and family, Andersen decided being a doctor wasn’t what he wanted to spend his life doing after all.
With the exterior complete and the interior finish work picking up pace, the Tanner Building Addition is quickly coming to life.
The retirement question often surrounds how much money you’re making, saving, and spending. It’s all about the time when work ends and, presumably, fun begins. You’ve either been stashing cash away, buying stocks, or even building a family business with the possible goal of selling it and enjoying retirement. Yet once retiree life begins, the financial work doesn’t suddenly end. The question now becomes: How will you make your savings last so you don’t run out of money before you run out of life?
If you think about the decisions you make between the ages of eighteen and thirty, you’ll realize they have a fundamental impact on where your life actually ends up.