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VideoTapir posted:Here's the idiot's Linkedin page. Somehow he parlayed that debacle into a career. And of COURSE he was a business student. haha I don't know, "assistant to music agent" sounds like a gofer job regardless of how much bullshit he padded his job history description with: quote:nothing to big/small
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Oct 3, 2014 09:18
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Zo posted:haha I don't know, "assistant to music agent" sounds like a gofer job regardless of how much bullshit he padded his job history description with: Still, it's surprising they didn't Google him, find that, move on to the next candidate.
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Oct 3, 2014 09:19
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Zo posted:Reading is hard, I know, but they did expect to make money, however wrong those expectations were. Whoops. Complete brain fart of my own there. Still, that figure changes the sums to $1.4m from 17,000 tickets, assuming the free tickets are not included in that 17,000 figure, and assuming they made no money from the give away people. They had a break even leeway of 3,500 tickets. So yeah if it all went to plan they would make a couple $100k.
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Oct 3, 2014 10:33
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VideoTapir posted:Here's the idiot's Linkedin page. Somehow he parlayed that debacle into a career. And of COURSE he was a business student. 
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Oct 3, 2014 13:28
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Best part of that was the previous job and it's timeframe. April-July 2010 at previous job. Started current career July 2011. He got fired after 4 months then was unemployed for a year, at least that's how it reads.
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Oct 3, 2014 14:26
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Barry posted:200k for a University President seems really low actually. My bad it was 286k, and aside from the aforementioned perks like paying for a 100k renovation to his house, they hired his wife for 70k a year in the middle of a several-year-long hiring freeze. That seems like a great racket to get into.
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Oct 3, 2014 15:33
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Nail Rat posted:My bad it was 286k, and aside from the aforementioned perks like paying for a 100k renovation to his house, they hired his wife for 70k a year in the middle of a several-year-long hiring freeze. That seems like a great racket to get into. Compared to top execs at similarly-sized corporations, that pay grade sucks.
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Oct 3, 2014 15:47
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Yeah even that doesn't seem like much. Being a University President has to be a pretty demanding job and good ones (like Martin Jischke at my alma mater, bringing in like a billion in fundraising) are worth every penny, even if you have to pad their coffers with cush jobs for spouses or whatever. Their homes are likely the property of the University (and typically host lots of events and fundraisers) and should be upkept by the University. Of course this all hinges on actually pulling their weight. Barry fucked around with this message at 16:22 on Oct 3, 2014 |
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Oct 3, 2014 16:16
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I went to RPI, an engineering-focused school in upstate NY, and our president was Shirley Ann Jackson. http://en.wikipedia.org/wiki/Shirley_Ann_Jackson quote:Since arriving at RPI, Jackson has been one of the highest-paid university presidents in the nation.[8] Her combined salary and benefits have expanded from $423,150 in 1999-2000 to over $1.3 million in 2006-07 and to $2.34 million in 2010.[9][10] In 2011 Jackson's salary was $1.75 million.[1] In 2006-07 it is estimated she received another $1.3 million from board seats at several major corporations.[9] The announcement of layoffs at RPI in December, 2008 led some in the RPI community to question whether the institute should continue to compensate Jackson at this level, maintain a $450,000 Adirondack residence for her, and continue to support a personal staff of housekeepers, bodyguards and other aides.[9] In July 2009, the news reported on the construction of a 10,000-square-foot (930 m2) mountain-top home in Bolton, New York, overlooking Lake George. A water-quality activist raised concerns about possible environmental hazards from the construction of a driveway, but according to Department of Environmental Conservation officials, the work was in compliance.[11] She seriously had (maybe still has?) black Escalades and motorcycle guards that escorted her from building to building on campus.
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Oct 3, 2014 17:25
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Inverse Icarus posted:I went to RPI, an engineering-focused school in upstate NY, and our president was Shirley Ann Jackson. I went there too and was lucky enough not to have to incur any student loan debt to go. Taking student loans to go to RPI is bad with money. (Especially since all of the best professors I had there left within years of my graduating.)
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Oct 3, 2014 17:29
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Came super close to going to RPI when I went off to college in 2008. By then the rumors that everything had taken a big ole downturn were going strong, so I just went to my state university instead, saved myself around 150k plus scholarships.
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Oct 3, 2014 18:17
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Inverse Icarus posted:I went to RPI, an engineering-focused school in upstate NY, and our president was Shirley Ann Jackson. Why the gently caress are people like this allowed to exist?
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Oct 3, 2014 20:22
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University of Maryland, the flagship university for one of the wealthiest states in the US is bad with money. http://www.washingtonpost.com/sports/maryland-accepts-recommendation-will-cut-eight-varsity-sports-programs/2011/11/21/gIQAyn1NjN_story.htmlquote:University of Maryland President Wallace D. Loh accepted the recommendation of his athletics commission to cut eight of the school’s 27 varsity sports programs in an effort to tackle the athletic department’s multimillion dollar deficit. quote:The 17-member panel, which Loh formed in July, last week recommended the elimination of all three men’s track teams (indoor track and field, outdoor track and field, cross-country); men’s and women’s swimming and diving; men’s tennis; women’s water polo; and aerobics and tumbling (former known as competitive cheer). quote:Loh said the current business model in college sports, where schools rely on two revenue-producing sports (football and men’s basketball) as well as lucrative television contracts associated with those sports, is “inequitable and unsustainable.” Loh pledged to continue to work with the ACC, NCAA and other national organizations to address what he called the escalating financial arms race in college sports. What article doesn't mention is that University of Maryland built a brand spanking new multi-million dollar basketball arena after they won the final four in the 2000's. The team started to suck and no one went to the games and interest in the team died off. Cut funding for the basketball or equally lovely football team? No way, lets just scrap a quarter of our athletic programs so we can continue to spew state funds on basketball and football. It is so ridiculous that actual sports (maybe except competitive cheer lol) with real student athletes are being cut so that UMD can burn money trying to strike it big with semi-pro sports.
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Oct 4, 2014 00:34
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laxbro posted:University of Maryland, the flagship university for one of the wealthiest states in the US is bad with money. http://www.washingtonpost.com/sports/maryland-accepts-recommendation-will-cut-eight-varsity-sports-programs/2011/11/21/gIQAyn1NjN_story.html I don't know how revenue sharing in the ACC works, but in the SEC all the bowl revenue is divided among all 14 schools whether or not each individual school makes it to a bowl. Last year it was ~$20 million. If a school cut it's football program it would not be eligible to receive any bowl money or tv money.
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Oct 4, 2014 01:57
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JRay88 posted:I don't know how revenue sharing in the ACC works, but in the SEC all the bowl revenue is divided among all 14 schools whether or not each individual school makes it to a bowl. Last year it was ~$20 million. If a school cut it's football program it would not be eligible to receive any bowl money or tv money. Of course I'm not suggesting they cut football or basketball. I don't want them to cut ANY sports. I think it is absurd that school administrators of public universities are chasing the golden NCAA goose. As others have shown this money isn't necessarily reinvested into the school or other athletic programs and definitely isn't invested in the future of the actual football/basketball players. If spending is mismanaged then real, actual college athletics suffer. The NCAA is a joke and I really hope that player lawsuits continue to chip away at this veiled semi-pro organization. I think this is more of a D&D discussion though it definitely relates to bad with money. I will say that every university and college having a 90 man football squad has been a boon to female college athletics. Universities and colleges, from D-1 to D-3, are required to have equal sports teams and scholarships available to male and female athletes. Obviously there is no female equivalent of football so a university usually has to have an extra 2-3 female teams to compensate for the 90 man football squads. This is one of the reasons that there are 67 male lacrosse teams and 103 female lacrosse teams in Divison 1, 52 male teams to 102 female teams in Divison 2.
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Oct 4, 2014 02:22
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JRay88 posted:I don't know how revenue sharing in the ACC works, but in the SEC all the bowl revenue is divided among all 14 schools whether or not each individual school makes it to a bowl. Last year it was ~$20 million. If a school cut it's football program it would not be eligible to receive any bowl money or tv money. Maryland is in the big 10 now. So the big 10 network should be making it rain on them eventually.
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Oct 4, 2014 03:11
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JRay88 posted:I don't know how revenue sharing in the ACC works, but in the SEC all the bowl revenue is divided among all 14 schools whether or not each individual school makes it to a bowl. Last year it was ~$20 million. If a school cut it's football program it would not be eligible to receive any bowl money or tv money. Maryland is Big Ten now and B1G does equal profit sharing. e: drat beaten
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Oct 4, 2014 03:14
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Yeah if people are making GBS threads on football programs for "barely breaking even" then shouldn't you be cheering that 100% money pit teams like water polo are getting totally cut? And it's just the competitive teams being cut, which if maryland is like my university, the vast majority of normal students just play intramurals or casual pickups so it's not a big loss in any way. I don't see how this is in any way "bad with money".
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Oct 4, 2014 03:45
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Dwight Eisenhower posted:I went there too and was lucky enough not to have to incur any student loan debt to go. I dunno, it's expensive but the (engineering) degree is actually worth something in terms of employment. If you're spending 200k for (e: something that has no job prospects such as) electronic media I don't know what to say. Content: the government could easily track the schools whose students cannot pay back their loans post graduation and not allow such schools to get federal loan funding. As far as I'm aware this isn't happening but it would shut down DeVry et al pretty quickly I imagine. antiga fucked around with this message at 04:09 on Oct 4, 2014 |
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Oct 4, 2014 03:54
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You think a business degree isn't worth anything? You ought to look at average starting salaries if you wanna claim that, at least if you are speaking in terms of the value they provide to students...
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Oct 4, 2014 03:56
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I would not pick a school that is known primarily for engineering and not study engineering. If you got something out if it I'm happy for you.
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Oct 4, 2014 04:04
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Oh I didn't know you were talking about RPI specifically. There are certainly schools known for both. Also I didn't study business.
Jeffrey of YOSPOS fucked around with this message at 04:10 on Oct 4, 2014 |
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Oct 4, 2014 04:08
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antiga posted:I dunno, it's expensive but the (engineering) degree is actually worth something in terms of employment. If you're spending 200k for (e: something that has no job prospects such as) electronic media I don't know what to say. Why it's almost as if that would require political will and there are industry lobbyists who would fight this tooth and nail...
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Oct 4, 2014 04:57
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Jeffrey posted:You think a business degree isn't worth anything? You ought to look at average starting salaries if you wanna claim that, at least if you are speaking in terms of the value they provide to students... Negative value to society.
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Oct 4, 2014 05:20
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VideoTapir posted:Negative value to society. optimizing your life for value to society is bad with money  Also most people who spend their lives helping people would have done more good by trying to make as much money as they can and hiring others to help people. 2x
Jeffrey of YOSPOS fucked around with this message at 08:24 on Oct 4, 2014 |
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Oct 4, 2014 07:16
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Jeffrey posted:optimizing your life for value to society is bad with money This. At my university it was pretty common for science and arts students to look down on commerce students (some commerce students certainly were uninspiring). However the joke is on the arts students as the science and commerce students got jobs. The University of People link I put up earlier only provides two degrees that will be likely to get people jobs anywhere in the world. The degrees are in business administration and computer science.
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Oct 4, 2014 08:15
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Jeffrey posted:optimizing your life for value to society is bad with money easiest thing is to bring up bill gates
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Oct 4, 2014 10:45
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HelloIAmYourHeart posted:They don't have to pay their athletes anything, either (although that may change sometime soon). There's also all the recent debate over concussions and cumulative head trauma. I just saw an article (unfortunately, I forgot where) about research claiming that significant damage can start to accumulate even in training, from dozens of seemingly minor bumps on the noggin. antiga posted:I dunno, it's expensive but the (engineering) degree is actually worth something in terms of employment. If you're spending 200k for (e: something that has no job prospects such as) electronic media I don't know what to say. Even for anything STEM related, $200k would be a bitch and a half to repay unless you have an a premium (as in, way above average even for your field) job lined up right after graduation. Assuming that will happen to you when you're still choosing a college is crazy risky even in the best of times. It'll be fun to see what happens once online programs like University of the People become more common.
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Oct 4, 2014 14:45
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Just found this in /r/Bitcoin: http://www.reddit.com/r/Bitcoin/comments/2i9prw/desperate_how_long_to_hold_out_what_would_you_do/ It's as long read but basically he takes over his families finances after one of his parents dies and receives a 300k settlement. After losing some of his own money in the collapse of mtgox, he decides to 'diversify' by splitting 50k between two exchanges. As the prices has been falling he uses technical analysis and keeps determining that we are totally at the bottom now and eventually adds another 50k and then 125k. His average price paid per share is now 623 and the current price is around 348... It might be fake though because he goes on to post this: quote:So I have about 55k left in the checking account that has the estate money (had to use some of it for repairs/replacements on the water heater / basement HVAC / remodeling of the family house). I think we are either at the bottom or very near. Is it a bad idea to take that and invest it now since it's likely to double or triple (or hopefully more quote:But the thing is, this isn't gambling. It's investing. After all I've read and all the research I've done, and based on my understanding of how fiat money is so easily gamed by central banks, its a long term certainty that cryptocurrencies are going to either a) supplant them entirely or b) become a big enough force that they directly compete with fiat. I'm just not 100% sure if bitcoin is going to be the one crypto that ends up ruling the crypto space, otherwise I wouldnt have even posted this. His family is going to be thrilled when they find out they only have 55k left in real money. SmuglyDismissed fucked around with this message at 15:16 on Oct 4, 2014 |
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Oct 4, 2014 15:13
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) when the next bubble comes?
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SmuglyDismissed posted:It might be fake though because he goes on to post this: Real or not, it's impressive he hosed up so badly that even his fellow bitcoiners are telling him he has a problem.
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Oct 4, 2014 16:30
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Haifisch posted:Never underestimate the stupidity of bitcoiners. I've seen similar things("I lost a ton of money, but bitcoin can only go UP UP UP, so I need to invest more" and "fiat is doomed, put all your money in cryptocurrencies") unironically posted by bitcoiners over and over again. I don't know why you're hating on this guy so bad, he has DIVERSIFIED his investments. Into two different bitcoin exchanges.
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Oct 4, 2014 16:47
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Bitcoiner advice boils down to hold bitcoins no matter how much the price goes down. If you can't afford to live then abandon your family and eat at soup kitchens. Now is peak bitcoin financial advice time.
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Oct 5, 2014 04:52
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SmuglyDismissed posted:Just found this in /r/Bitcoin: It gets even better when you read further in and see this - spurred on by someone commenting that the bitcoin idiot's numbers were seeming off: some guy talking about the bitcoin idiot posted:It's below minimum wage if you assume a full-time job. This could just be some guy in college who can pick up at most a part-time job at 20 hours a week. Then our hero responds with: the bitcoin idiot posted:Exactly this. I have never been able to get more than 27 hours a week (and its usually much less than that) except for christmas and black friday weekend. the bitcoin idiot posted:Because of my choice of double major, and based on some research I've done, it doesn't look like I'm going to get better than $40k per year starting salary where I live. Probably less than that even, maybe even as low as $32k. I just don't see the point in wasting that much time to earn such a small amount of money when I can focus my energy on getting better at trading. This is doubly so given that I need to make up for the losses incurred by this brutal downtrend. Bitcoin has been poised for exponential growth for a long time, especially now that we're basically at the bottom (we are getting close to some long time support levels). I'd rather spend my time setting up trades that can make several multiples of what my entry level job could get me, for far fewer "working hours". Doing all the technical analysis involved to turn a profit is itself work, it ain't easy to say the least. But it's what I like to do, and I'm passionate about it, and I have what it takes to be successful. I've been successful at it before many times especially in forex. We just need to see a change in seasons as far as bitcoin markets go. He's a college dropout who has never worked more than part-time in his life. Dude is already fatigued from working life (lol) and looking for a shortcut to have a bunch of money handed to him. And he thinks he's smart enough to make it work and not have to be one of us drudges. The 30yo version of this guy is going to be absolutely pissed at the smugness of his 20yo self one day. StrangersInTheNight fucked around with this message at 15:57 on Oct 5, 2014 |
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Oct 5, 2014 15:54
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Perfect example of why a small amount of information and some early success can be extremely dangerous. You think you've got it all figured out, the success gives you the overconfidence to double down and turn a small loss into a catastrophic one.
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Oct 5, 2014 17:44
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our bitcoin hero posted:I'm a college student double majored in Sociology and History of Art and Architecture. This is my 6th year and I should be graduating in the spring. I had to take several semesters half load and took some time off school to deal with the loss. i mentioned in my OP that it will take me about 10 years to get into a position where i can support my family with my income; thats because its kind of hard to find jobs in this field (yeah i know, i would have done things differently if i knew what i know now) and the jobs available have a really steep curve for advancement. So i'm not expecting much in terms of salary at a "normal" job. I'm hoping that I can just sidestep all that and go full time trading when im done with school, focusing on forex, bitcoin, and maybe some commodities and options trading. All the jobs i've had so far are just part time. worked at a few clothing stores and some local restaurants waiting (though that turned out to be more headache than i bargained for). (I still got a kick out of the huge comment thread on why technical analysis is bullshit.)
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Oct 5, 2014 17:55
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If it's a troll, it's a subtle on. If there's one thing that never ceases to amaze in the bitcoin community, it's how profoundly and thoroughly stupid they can be.
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Oct 5, 2014 18:26
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StrangersInTheNight posted:He's a college dropout who has never worked more than part-time in his life. Dude is already fatigued from working life (lol) and looking for a shortcut to have a bunch of money handed to him. And he thinks he's smart enough to make it work and not have to be one of us drudges. The 30yo version of this guy is going to be absolutely pissed at the smugness of his 20yo self one day.
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Oct 5, 2014 19:51
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quote:Doing all the technical analysis involved to turn a profit is itself work, it ain't easy to say the least. But it's what I like to do, and I'm passionate about it, and I have what it takes to be successful. I've been successful at it before many times especially in forex. We just need to see a change in seasons as far as bitcoin markets go. Oh God. Forex. Forex is what dummies do after their other 'Get Rich Quick' Schemes have failed them. My prediction- after Forex fails, he's going to get his real estate license. I don't know why, but these days real estate sales seems to be the latest occupation choice among delusional people who think that money grows on trees. Once he gives up on real estate after 2 months, he'll be selling super-juices through Vema. melon cat fucked around with this message at 20:55 on Oct 5, 2014 |
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Oct 5, 2014 20:47
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melon cat posted:
Not long ago one of my friends pointed out why some people go into real estate. People see it as an easy cash cow with minimal training/education. Little do they realize how much work is is to consistently sell houses.
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Oct 7, 2014 13:21
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Blue_monday posted:Not long ago one of my friends pointed out why some people go into real estate. People see it as an easy cash cow with minimal training/education. Little do they realize how much work is is to consistently sell houses. After all, it's been six whole years since everyone who believed that lost their shirts, hasn't it?
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Oct 8, 2014 02:26
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