How much do you make today in this gloomy economy?

[Mcdonna1980_IHB]

I will soon be taking a 40% pay cut.

 

[PANDA_IHB]

Economy turned sour since I did the last poll. TEN and SKEK left the forum so we lost 2 over 600k but since Mr. Young and his crews troll this site so do not be alarmed to see more over 600k this time around.

I'm sure Ten still managed to vote in the over 600k club.

TenMagnet's last login:

August 04, 2009 02:25 PM

He's still watching us..... Hi Ten!

It's 3 people making over $600k/yr....Skek, Ten, and Donald Bren

WRONG!!! there are 4 people making over $600/yr ... Skek, Ten, Donald Bren, and the Panda.

 

[roundcorners_IHB]

bk...

Gross, Adjusted Gross, Net or California I.O.U.s...?

 

[ipoplaya_IHB]

The good people at the EDD pay me $475/week...

IPO - how is your job search going? what type/size companies are you looking at? What kind of role? Good luck with your search.

I really haven't started searching yet. Still "consulting" back to my company, at least through the end of August, at 3/4 time. I suspect for a few more months after that, I'll provide some limited amount of assistance to them as well, likely ushering the company through a BK or similar dissolution.

I have poked around a bit on Monster, looking at what few higher-level accounting and finance positions there have been posted, and haven't found anything that was worth applying for in two months of casual searching. There aren't many open Controller/Director/Manager gigs out there and what few there are have some specific and/or particular requirements that I don't have in my professional background, e.g. background like yours in a Big 4. Hurts not to have manufacturing in OC too. Unfortunately, I'm inclined toward smaller organizations, I'd say $5-50M in revenue, and that segment has really been smacked around by this recession... I've been doing so much more than A&F for the last 5-6 years, such as managing the HR and IT functions, that I'm hoping to land a similar more operationally-inclined type position. A position that deals not just with FASB but FMLA and FSMO role holders would be ideal!

I probably won't start my job search in earnest until early next year. Planning on spending the Fall coaching baseball, being Mr. Mom around the house, starting a work-out program so I can drop 20 lbs, etc. etc. I'm actually looking forward to at least a couple of months of downtime to re-charge the batteries a bit. Over the last eight years, the most time off I have had in a row is five days, which was for my honeymoon...

 

[graphrix_IHB]

It's 3 people making over $600k/yr....Skek, Ten, and Donald Bren

Skek is dead baby... skek is dead.

Last Visit: April 21, 2009 10:19 PM

He can't vote unless he logs in, and since he is dead he isn't able to create a dummy account. So someone else clicked the $600k plus button that we do not know about. It wasn't me... that should be in 2012.

 

[no_vaseline_IHB]

It's 3 people making over $600k/yr....Skek, Ten, and Donald Bren

Skek is dead baby... skek is dead.

Last Visit: April 21, 2009 10:19 PM

He can't vote unless he logs in, and since he is dead he isn't able to create a dummy account. So someone else clicked the $600k plus button that we do not know about. It wasn't me... that should be in 2012.

A man of his word. Bummer.

 

[tmare_IHB]

It's 3 people making over $600k/yr....Skek, Ten, and Donald Bren

Skek is dead baby... skek is dead.

Last Visit: April 21, 2009 10:19 PM

He can't vote unless he logs in, and since he is dead he isn't able to create a dummy account. So someone else clicked the $600k plus button that we do not know about. It wasn't me... that should be in 2012.

I hope it is, I know it won't be me.

 

[bkshopr_IHB]

The average is higher on this poll vs the last one despite of the bad economy. We need Geo to click on his a few more times.

 

[Geotpf_IHB]

The average is higher on this poll vs the last one despite of the bad economy. We need Geo to click on his a few more times.

I apparently have two fellow travellers in the under 50k group now.

However, looking at this over, and you can see that there really are some people who can afford Irvine prices, and a few who are close ($150k a year really can't buy a $660k house without stretching quite a bit).

 

[ogredave_IHB]

I got a tiny raise after 2 years .. lol.

 

[usctrojanman29_IHB]

The average is higher on this poll vs the last one despite of the bad economy. We need Geo to click on his a few more times.

I apparently have two fellow travellers in the under 50k group now.

However, looking at this over, and you can see that there really are some people who can afford Irvine prices, and a few who are close ($150k a year really can't buy a $660k house without stretching quite a bit).

Geo, this is household income so for single folks so there are many folks who have 2 income earners in their household where some have one like you and I.

 

[IrvineRenter_IHB]

Wages and Salaries Fell 4.7%, Most On Record

“Consumers have started to change their behavior and they are going to save more,” said Richard Berner, co-head of global economics at Morgan Stanley in New York and a former researcher at the Fed. “You have pressure on wages, you have employment still declining.”

Wages and salaries, which drive recoveries in spending, fell 4.7 percent in the 12 months through June, the biggest drop since records began in 1960, according to Commerce Department figures released yesterday. The Obama administration’s tax cuts, extended jobless benefits and a one-time Social Security bonus have helped mask the damage done by the worst employment slump since the Great Depression.

Personal incomes, which include interest income, dividends, rents and other payments as well as wages, tumbled 1.3 percent in June, more than forecast and the biggest drop in four years, yesterday’s Commerce report showed. Excluding the effects of the stimulus plan, June incomes would have dropped 0.1 percent after no change in May, according to the report. In May, one-time additional payments to Social Security recipients boosted incomes 1.3 percent.

One of every 10 American workers will be without a job by early 2010, economists project, shaking the confidence of those still on payrolls and discouraging spending. It may take as long as 15 years for consumers to fully repair finances battered by the decline in home values, stocks and employment, said Edmund Phelps, winner of the Nobel prize in economics in 2006.

Decreasing pay is not the only hurdle for consumers. Plunging home prices and stocks reduced household net worth by a record $13.9 trillion from the third quarter of 2007 through this year’s first quarter, according to figures from the Fed.

“Households are going to have to do an awful lot of rebuilding of their wealth,” Phelps, a professor at Columbia University in New York, said this week in an interview on Bloomberg Television. “Even if that rebuilding goes on at a pretty good clip, it will take 12 or 15 years for households to get to the wealth level that they had several years ago. Consumer demand is going to take a long time to rebuild to normal levels.”

 

[acpme_IHB]

The average is higher on this poll vs the last one despite of the bad economy. We need Geo to click on his a few more times.

results not that surprising. the higher end of the poll should be holding steady for this yr. salaried employees have taken their hits. executives or those who make a bulk of their income from bonuses still got paid for 2008 in early 2009 (i.e. USC's example).

it'll be interesting to see what the poll looks like in another 6 months from now.

 

[bkshopr_IHB]

The average so far is about $215k for 119 polls.

 

[OC_Boston_Bay_IHB]

The good people at the EDD pay me $475/week...

IPO - how is your job search going? what type/size companies are you looking at? What kind of role? Good luck with your search.

I really haven't started searching yet. Still "consulting" back to my company, at least through the end of August, at 3/4 time. I suspect for a few more months after that, I'll provide some limited amount of assistance to them as well, likely ushering the company through a BK or similar dissolution.

I have poked around a bit on Monster, looking at what few higher-level accounting and finance positions there have been posted, and haven't found anything that was worth applying for in two months of casual searching. There aren't many open Controller/Director/Manager gigs out there and what few there are have some specific and/or particular requirements that I don't have in my professional background, e.g. background like yours in a Big 4. Hurts not to have manufacturing in OC too. Unfortunately, I'm inclined toward smaller organizations, I'd say $5-50M in revenue, and that segment has really been smacked around by this recession... I've been doing so much more than A&F for the last 5-6 years, such as managing the HR and IT functions, that I'm hoping to land a similar more operationally-inclined type position. A position that deals not just with FASB but FMLA and FSMO role holders would be ideal!

I probably won't start my job search in earnest until early next year. Planning on spending the Fall coaching baseball, being Mr. Mom around the house, starting a work-out program so I can drop 20 lbs, etc. etc. I'm actually looking forward to at least a couple of months of downtime to re-charge the batteries a bit. Over the last eight years, the most time off I have had in a row is five days, which was for my honeymoon...

Enjoy it IPO. I just returned from an 8 week vacation my company gives the employees every 7 years. I hadn't had that much time off to do whatever I wanted since 9 yrs old. You will love every minute.

 

[OC_Boston_Bay_IHB]

trending flat to +5 percent over 2008. I feel fortunate to be in that position.

 

[nilam_IHB]

Enjoy it IPO. I just returned from an 8 week vacation my company gives the employees every 7 years. I hadn't had that much time off to do whatever I wanted since 9 yrs old. You will love every minute.

Intel? I always thought that was such a cool program.

 

[Sunshine_IHB]

Enjoy it IPO. I just returned from an 8 week vacation my company gives the employees every 7 years. I hadn't had that much time off to do whatever I wanted since 9 yrs old. You will love every minute.

Intel? I always thought that was such a cool program.

I'm suddenly inclined to look at Intel job listings this evening.

 

[Daedalus_IHB]

I'm suddenly inclined to look at Intel job listings this evening.

Maybe wait ~6 years?

 

[OC_Boston_Bay_IHB]

Enjoy it IPO. I just returned from an 8 week vacation my company gives the employees every 7 years. I hadn't had that much time off to do whatever I wanted since 9 yrs old. You will love every minute.

Intel? I always thought that was such a cool program.

It is an effective retention tool.