Comments on: The Real Cost of CEO Housing http://www.creativeclass.com/_v3/creative_class/2007/03/30/the-real-cost-of-ceo-housing/ The source on how we live, work and play Wed, 07 Dec 2011 18:10:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Steven S. http://www.creativeclass.com/_v3/creative_class/2007/03/30/the-real-cost-of-ceo-housing/comment-page-1/#comment-921 Steven S. Sun, 01 Apr 2007 06:45:17 +0000 http://zstation/creativeclass/v3/creative_class/2007/03/30/the-real-cost-of-ceo-housing/#comment-921 I've always viewed such obvious status symbols (or extremely fancy cars, etc) as a signal that the individual isn't truly confident in themselves or thier ability. Those who can typically don't need to prove it through conspicuous status symbols. I wouldn't be surprised if a similar effect was the ultimate cause here. I’ve always viewed such obvious status symbols (or extremely fancy cars, etc) as a signal that the individual isn’t truly confident in themselves or thier ability. Those who can typically don’t need to prove it through conspicuous status symbols.

I wouldn’t be surprised if a similar effect was the ultimate cause here.

]]> By: Michael Wells http://www.creativeclass.com/_v3/creative_class/2007/03/30/the-real-cost-of-ceo-housing/comment-page-1/#comment-920 Michael Wells Fri, 30 Mar 2007 23:37:48 +0000 http://zstation/creativeclass/v3/creative_class/2007/03/30/the-real-cost-of-ceo-housing/#comment-920 This reminded me of another post, about "Do corporate headquarters still matter?" which I backtracked and it ran last December 8th. Maybe having the CEO in your city has disadvantages -- especially if they're a hired gun and not the founder. Buying big house for status may hint that they took the job as "rent seeking", which as I understand it is economist-speak for "something for nothing". It might also indicate that they aren't looking after the long-term interests of the company and its workers, but focus on short term stock prices. This reminded me of another post, about “Do corporate headquarters still matter?” which I backtracked and it ran last December 8th. Maybe having the CEO in your city has disadvantages — especially if they’re a hired gun and not the founder. Buying big house for status may hint that they took the job as “rent seeking”, which as I understand it is economist-speak for “something for nothing”. It might also indicate that they aren’t looking after the long-term interests of the company and its workers, but focus on short term stock prices.

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