No shade to the other CEO, but I really enjoy Rick’s meetings. Full of great confident and I love how he takes all the questions on without having to reach out to his team. He is prepared and knows his stuff. It is a lot of info too… he must have a photogenic mind to retain all that! I can hardly remember what I ate for lunch yesterday.
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OP here, I think he’s cute too
There are a lot of questions that get asked that never even make it to the queue to get voted. He asks for the hard questions but then they never actually make it. I have asked several questions that never make it because they do not want people to even consider them and they don’t have a good answer.
The question on 401k match gets asked frequently. Legohead Rick gives the same answers ''competitive to market' this time he added in the 'our own internal surveys suggested employees prefer compensation via salary and bonus....'. That was probably a result of one of the poorly worded questions where the other options were crazy stuff like reduced PTO time, higher costs for health insurance, etc.
The direct comparison is that our HQ is in Westlake, one exit over is a large Fidelity Campus. Fidelity matches 7% on 401k contributions, and gives a 10% salary dump to 401k as profit sharing. When the question is asked, this is where it comes from. Yeah Fido is now RTO5, and does a poor job of work life balance, but it's where it comes from.
He doesn't actually answer the questions though.
Rick's compensation is $18 million annually. Let that sink in.
@OP you mean photogenic memory…