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Forwarded from a friend, is this true?Barclays
Anyone has joining on 10th october?
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Chief
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Well now we know why they have such terrible pay rates for employees, daddy has to buy trains
Chief
Figures of course a CEO designs their home to look like an office 🤦♂️
There’s nothing “homey” about it. Even the kitchen looks like an agency pantry.
I bet it has stalls and urinals too.
Rising Star
Ok
So?
ok
That’s what selling the company to a holding company buys you I guess
Rising Star
It says in that Reddit thread that the owner is the CEO of a design firm, not Sid Lee.
“Jack Anderson is the CEO and co-founder of 30-year-old brand design agency Hornall Anderson, the Seattle company that was responsible for Starbucks’ Via campaign, Redhook brewery’s redesign and recent branding of Microsoft’s Windows and Office.”
Chief
Advertising really is worth it
~$11mm house isn’t that absurd. They may come from money and have made smart investments. Maybe married someone who also has money. Maybe they can’t afford it so that’s why they’re selling. Tough to judge with such little info on their financials.
Cool house though.
Like I said, you don’t know how the CEO got their money/their financial situation.
Also don’t know how much the house actually cost to build. Property was sold for $700k in the early 90s and then it was built on after. Then you have the crazy housing increases over the past decade. It’s possible the house “only” cost $2-3mm and now they’re trying to sell for double to triple that.
Rising Star
Overpriced.
Yea already had a price drop
Nice PNW home! Maybe he would sell it at a friendly price to a fellow hard-working ad person…you know, to share the spoils of our toils and all that. 😎
I disagree with those that think this is weird. The average annual comp for a fortune 500 CEO in the top hundred companies per Google is over 15 million a year and when someone achieves that amount they’ve been working for many years in the seven figures, if you’re smart and live below your means and invest you’ll easily amass a net worth in your lifetime to easily afford an $11 million house….. its not that big of a deal. One year comp, the house is 73% of your annual gross wages based on that Google.
Many of these people sell out ownership interests in businesses they built for many millions.
It’s just more zeros.
Good on him! A wise investment by all means:
“Jack, who is 72 years old, bought this property in 1992 for $700,000 ($1,568,000 in today's dollars) and built on it in 2001. Its current estimated value is $3,710,000 with the same equity.”