Saturday, October 7, 2017

Billionaires' Way

Hello Friends,

Working in the banking industry can make you a millionaire or a billionaire, it all depends on focusing your attention towards your goal, which should be how to get there!

Here's some examples of salaries for bank executives 10 years ago:

BankExecutiveSalaryTotal
Compensation
Bank of AmericaKenneth D. Lewis
Chairman and CEO
$1.5 million$24.8 million
Bank of AmericaJoe L. Price
Chief Financial Officer
$800,000$6.5 million
Bank of AmericaAmy Woods Brinkley
Global Risk Executive
$800,000$9.3 million
Bank of AmericaBarbara J. Desoer
Global Technology and Operations Executive
$800,000$10.5 million
Bank of AmericaLiam E. McGee
President Global Consumer and Small Business Banking
$800,000$12.2 million
Bank of AmericaBrian T. Moynihan
President of Global Corporate and Investment Banking
$718,859$10.1 million
Bank of AmericaR. Eugene Taylor
Former Vice Chairman and Former President, Global Corporate and Investment Banking
$800,000$3.3 million
CitigroupSir Winfried Bischoff
Chairman
$373,734$6.1 million
CitigroupVikram Pandit
CEO
$250,000573,813
CitigroupGary Crittenden
Chief Financial Officer
$403,410$19.4 million
CitigroupSallie Krawcheck
Chair and CEO�GWM
$500,000$7.1 million
CitigroupLewis Kaden
Vice Chairman
$500,000$6.8 million
CitigroupMichael Klein
CEO- Global Banking
$212,500$7.9 million
CitigroupStephen Volk
Vice Chairman
$212,500$7.6 million
CitigroupCharles Prince
Former Chairman and CEO
$1 million$15.1 million
Goldman SachsLloyd C. Blankfein
Chairman and CEO
$600,000$70.3 million
Goldman SachsGary D. Cohn
President and Chief Operating Officer
$600,000$72.5 million
Goldman SachsJon Winkelried
President and Chief Operating Officer
$600,000$71.5 million
Goldman SachsDavid A. Viniar
Chief Financial Officer
$600,000$58.5 million
Goldman SachsEdward C. Forst
Chief Administrative Officer
$600,000$49.1 million
JP Morgan ChaseJames Dimon
Chairman and CEO
$1 million$27.8 million
JP Morgan ChaseMichael J. Cavanagh
Chief financial officer
$500,000$8.3 million
JP Morgan ChaseSteven D. Black
Co-CEO Investment Bank
$400,000$20.9 million
JP Morgan ChaseJames E. Staley
CEO Asset Management
$400,000$16.7 million
JP Morgan ChaseWilliam T. Winters
Co-CEO Investment Bank
$564,379$21.2 million
Merrill LynchJohn A. Thain
Chief Executive Officer
$57,692$17.3 million
Merrill LynchNelson Chai
Executive Vice President and Chief Financial Officer
$34,615$1.7 million
Merrill LynchGregory J. Fleming
President & Chief Operating Officer
$350,000$27.4 million
Merrill LynchRobert J. McCann
Executive Vice President
$350,000$5 million
Merrill LynchJeffrey N. Edwards
Former Chief Financial Officer
$275,000$2.6 million
Merrill LynchE. Stanley O�Neal
Former Chief Executive Officer
$584,231$24.3 million
Merrill LynchAhmass L. Fakahany
Former Co-President and Co-Chief Operating Officer
$350,000$4.6 million
Merrill LynchDow Kim
Former Executive Vice President
$309,615$14.5 million
Morgan StanleyJohn J. Mack
Chairman and CEO
$800,000$1.6 million
Morgan StanleyColm Kelleher
Chief Financial Officer
$339,603$21 million
Morgan StanleyDavid H. Sidwell
Former Chief Financial Officer
$275,000$14.6 million
Morgan StanleyRobert W. Scully
Co-President
$500,000$15.2 million
Morgan StanleyGary G. Lynch
Chief Legal Officer
$300,000$11.9 million
Morgan StanleyThomas R. Nides
Chief Administrative Officer
$300,000$6.3 million
New York Mellon BankRobert P. Kelly
Chief Executive Officer
$975,000 �$20.1 million
New York Mellon BankThomas A. Renyi
Executive Chairman
$1 million$22.2 million
New York Mellon BankGerald L. Hassell
President
$800,000 �$11.8 million
New York Mellon BankBruce W. Van Saun
Vice Chariman and Chief Financial Officer
$650,000$8.9 million
New York Mellon BankSteven G. Elliott
Senior Vice Chairman
$675,000$19.7 million
New York Mellon BankRonald P. O'Hanley
Vice Chairman
$675,000 �$11.5 million
State Street Corp.Ronald E. Logue
Chief Executive Officer
$1 million$28.3 million
State Street Corp.Edward J. Resch
Chief Financial Officer
$650,000$6.6 million
State Street Corp.Joseph L. Hooley
Vice Chairman
$725,000$10.3 million
State Street Corp.Joseph C. Antonellis
Vice Chairman
$675,000$9 million
State Street Corp.James S. Phalen
Executive Vice President
$480,000$7 million
Wells FargoRichard M. Kovacevich
Chairman
$995,000$22.9 million
Wells FargoJohn G. Stumpf
President�& Chief Executive Officer
$749,615$12.6 million
Wells FargoHoward I. Atkins
Senior Executive Vice President�& Chief Financial Officer
$600,000$5.1 million
Wells FargoDavid A. Hoyt
Senior Executive Vice President, Wholesale Banking
$600,000$6.4 million
Wells FargoMark C. Oman
Senior Executive Vice President, Home�& Consumer Finance
$600,000$6.4 million
Wells FargoCarrie L. Tolstedt
Senior Executive Vice President, Community Banking
$495,192$4 million




Other than banks jobs, there is some additional professions that can let you earn large amount of money over the years, assuming that you'd spend your life in this kind of work. Here's few examples:

Related image1. Petroleum Engineer 
45-Year Earnings: $6,290,000
Starting Pay: $84,400
Pay at 20+ Years: $151,000
Find petroleum engineer jobs.

2. Landman/Senior Landman
45-Year Earnings: $5,380,000
Starting Pay: $53,600
Pay at 20+ Years: $138,000
Find jobs in the energy industry.

3. Software Engineer/Senior Software Engineer
45-Year Earnings: $4,360,000
Starting Pay: $57,900
Pay at 20+ Years: $105,000
Find software engineer jobs.

4. Electrical Engineer/Senior Electrical Engineer
45-Year Earnings: $4,170,000
Starting Pay: $56,200
Pay at 20+ Years: $100,000

5. Mechanical Engineer/Senior Mechanical Engineer
45-Year Earnings: $3,900,000
Starting Pay: $53,900
Pay at 20+ Years: $93,600
Find mechanical engineer jobs.

6. Software Developer/Senior Software Developer
45-Year Earnings: $3,830,000
Starting Pay: $56,000
Pay at 20+ Years: $91,100
Find software developer jobs.

7. Financial Analyst/Senior Financial Analyst
45-Year Earnings: $3,440,000
Starting Pay: $48,300
Pay at 20+ Years: $82,600
Find financial analyst jobs.

Actually there is salaries far more than that but it's kind of hidden or others ;)

There must be a very good reason for those very high compensations or salaries. What's it? This is for us to talk about next time. I will tell you exactly why.

Stay safe and follow up with us soon. :)

Friday, September 8, 2017

Trillion to Centillion

Hello dear friends!

Largest numerical numbers, what do you know about them? It will make you dizzy, not of counting, but of thinking 😊

You might know that 1 with 100 zeroes behind is the largest number so far to the best of your knowledge. A googol is the name given to this largest number or you can say 1 with a googol zeroes behind it.

Not too many people know about large numbers, and probably the main reason is that they do not use them. You may use 100, 000, one million, one billion, but after the one billion very few people need to use the largest numbers unless they deal with very special entities which  apply numbers with long queue of zeros.

Here's a very useful Chart of the largest numbers that are used world-wide; most probably at a government levels,  or others.


Name
Number of Zeros
Groups of (3) Zeros
Ten
1
(10)
Hundred
2
(100)
Thousand
3
1 (1,000)
Ten thousand
4
(10,000)
Hundred thousand
5
(100,000)
Million
6
2 (1,000,000)
Billion
9
3 (1,000,000,000)
Trillion
12
4 (1,000,000,000,000)
Quadrillion
15
5
Quintillion
18
6
Sextillion
21
7
Septillion
24
8
Octillion
27
9
Nonillion
30
10
Decillion
33
11
Undecillion
36
12
Duodecillion
39
13
Tredecillion
42
14
Quatttuor-decillion
45
15
Quindecillion
48
16
Sexdecillion
51
17
Septen-decillion
54
18
Octodecillion
57
19
Novemdecillion
60
20
Vigintillion
63
21
Centillion
303
101

A nice comment on a googol amount of money:
Seriously, this amount defies everything that we know of the current physical world. It's so mindbogglingly big and incomprehensible that it's effects will probably end the world as we know it or completely reset the entire financial world with equally end-of-the-world repercussions.”

The above mentioned numbers are rarely used because they are so enormous, not only in value, but also in its weight that we can unassumingly produce at all.

No doubt you might be one of the people who are fascinated by large numbers, and when you think about it, yes, it is something that makes you wonder. How these huge numbers came to existence if there was no need for them. Who are these mathematicians who thought that we might need these huge numbers. 

Every question will bring another regardless it was answered or not, you'd be more curious to explore some more hidden facts. And probably they are not hidden but used only by specialists who could have an answer for us.

Large numbers can be used with things other than money, it can be used in counting certain data. For example imagine that you want to count the number of leaves in one forest. You will need to count the number of leaves of each tree in that forest and according to each kind of trees the number of leaves could be jump up to the sky especially in high density forests. Certainly in situations like this, you would need some large numbers with a lot of zeros my friends.

We shall talk some more soon, may be about another large number! 😲

Refernces: