One of our more commented-on stories, We're too sexy ... per Victoria's Secret's CEO, received some very funny ones. The best one, that I thought showed the wildest mis-characterization of the worlds population, was "supermodels only make up 7% of the world."
Obviously a few decimal places were left out, otherwise we would have 500 million supermodels. I'm not sure anyone has an exact count, but the number is likely less than a hundred, perhaps two. However, this might explain the rash of UFO sightings -- beings from other planets surely would be eager to travel from light years away to do 'meet and greets' in a world where better than 1 in 15 people were supermodels!
I don't know how our readers are doing with their investments, but there are some that clearly need to get a grip on percentages. The following gem of a coment was sent to my colleague Zac Bissonnette's after his post: Congress grills overpaid executives:
"I personally do not feel that any CEO of publicly traded company should receive more than 300% of the lowest paid permanent employee. Private companies they should receive what ever they can."
This well-thought-out comment would have Wal-Mart's CEO, who manages a $100 billion dollar company, earn $60,000 per year, since some clerks are earning in the neighborhood of $20,000. Of course that would be less than some store managers are now making. But at least we would be confident that Wal-Mart does truly have the cheapest prices. And think of the private company CEO who made $1 million pre-IPO finding out what the new pay scale would be like. This might slow the rush to go public just a tad.
If you have come for true amusement, you should hear and see: Ode to TECH-bubbles: YouTube at its best!
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money.
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