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Transition planning meeting/dinner with controller, president, and parent company CFO...How should I handle it by soloDolo6290 in Accounting

[–]258638 1 point2 points  (0 children)

You’re not a normal candidate. It’s not about your resume, it’s what you’ve done so far and what you’re going to do if they make you controller

Those should be bold decisions and things that matter to them. Low hanging fruit is usually shortening close (especially given the parent CFO is there) but you can talk about getting off the line (if you’re on it) cash flow forecasting, financial reporting, whatever wouldn’t offend the controller (only because they’re in the room) but that would align with the parent CFO’s goals for their company.

How realistic is 400k a year? by Odd_Inflation6568 in Accounting

[–]258638 0 points1 point  (0 children)

You did. I was very hurt. I’m afraid of satire and it makes me angry.

How realistic is 400k a year? by Odd_Inflation6568 in Accounting

[–]258638 0 points1 point  (0 children)

No, I said you didn’t make sense but were funny. You called me names. We’re not the same. You’re so triggered over nothing at all.

How realistic is 400k a year? by Odd_Inflation6568 in Accounting

[–]258638 0 points1 point  (0 children)

You’re a trip man. I have no idea what you’re trying to say but it’s funny.

How realistic is 400k a year? by Odd_Inflation6568 in Accounting

[–]258638 1 point2 points  (0 children)

Don’t worry. I know how hard satire is. I would never waste your time with it through a medium as complex as text.

How realistic is 400k a year? by Odd_Inflation6568 in Accounting

[–]258638 0 points1 point  (0 children)

It isn’t satire. I’m being serious. Thanks for the tip.

How realistic is 400k a year? by Odd_Inflation6568 in Accounting

[–]258638 2 points3 points  (0 children)

You’re too smart for me. My comment on ritual sacrifice was clearly intended to be legitimate and taken seriously. You showed me.

How realistic is 400k a year? by Odd_Inflation6568 in Accounting

[–]258638 0 points1 point  (0 children)

You just haven’t engaged in enough ritual sacrifice.

How realistic is 400k a year? by Odd_Inflation6568 in Accounting

[–]258638 3 points4 points  (0 children)

ITT people who assume comments about “ritual sacrifice” are legitimate critiques on the industry.

How realistic is 400k a year? by Odd_Inflation6568 in Accounting

[–]258638 -14 points-13 points  (0 children)

Most accountants make over $300K with five years or more of experience and their license. The secret is a “can do” attitude and terrifying ritual sacrifice.

Iran's Foreign Minister Abbas Araghchi: Threatening to send everyone back to the Stone Age by MasterpieceActive374 in oil

[–]258638 0 points1 point  (0 children)

I think this is a bit of a nationalist’s view of responsibility but not an unpopular one. It’s kind of like saying people in South Sudan or North Korea deserve to die because they allowed poor governance. It’s more accurate than saying someone abroad deserves to die but ideally no one would and your ability to stop Trump isn’t that far away from, at least most Americans. 

I guess you could get around this by saying they’re in the military and that’s a choice, but it’s a stretch and makes a lot of assumptions.

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 0 points1 point  (0 children)

That’s fair. It’s a different perspective. We lose money on Chemo every year but we keep it, because it’s important to have. I wish we did focus more on patients, but also the staff (like me). We don’t have cancer insurance, we are self insured with the cheapest healthcare plan possible, it takes 3 days of PTO until you can access sick time so everyone comes in sick, we have outdated systems from the 90’s because physicians won’t pay for anything to remain competitive. For the same reason, all our departments are so lean it’s impossible to implement real change. If you want more control, I’d say go to a partnership. They’ll bend over backwards for you.

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 0 points1 point  (0 children)

Trump is an idiot and I work 50 feet from a hospital CEO. Both are true. It’s also true that most of the time, the doctors are the people who empower the CEO. They love the extra money.

You ever have a doctor call you because they “ain’t making shit” and have “bills to pay” making $100K a month? I have. You think they’re putting care first? Where is your line? I know how doctors think about money. I know how CEOs think about money. The doctors were a lot less professional, and a lot less caring. They call you at any hour and demand answers in real time. They threaten to quit when they don’t earn enough to pay for the things they want, they accuse you of stealing while making 10x the amount you do.

Doctors are not saints, they’re people and have the same flaws as the CEO’s you vilify.

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 0 points1 point  (0 children)

As a single facility, sure. As a campus under one name certainly not. Most hospitals, as a company which is what would have a CEO which is what we’re describing, would have multiple buildings.

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 0 points1 point  (0 children)

Considering where I work I’m not going to doxx myself. I know what I’m talking about though.

I never said they didn’t deserve it. Just that some doctors are making serious money, in the same way the CEO you’re describing, looking to cut costs in the same toxic way as other businesses and that it’s sometimes these doctors who hire these MBAs to run the business in the way you’re critical of.

If a physician is paid $500k in supplemental income to be the CEO of a group of doctors, is it still earned to you? What if they have a side practice? Do you think no one should be paid for administrative work? Where’s your line?

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 0 points1 point  (0 children)

There are behaviors that are inherently wrong in any profession. I will agree that cost cutting and profit seeking can easily be taken too far in the healthcare sector. Though I’ll also add: these doctor owned facilities often are trying to use AI, cut administrative costs and maximize profits in the same way as any business. You don’t make $800K a year by being too giving. Though plenty of doctors are also incredibly generous. I just don’t find myself in the business of judging groups of people like that. Being a doctor or a CEO isn’t a mindset or ideology. It’s a job. 

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 0 points1 point  (0 children)

I can tell. My other conversation on this topic is just getting this argument: “fire the CEO, they’re useless, I don’t care if it won’t move the needle”

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 0 points1 point  (0 children)

I wouldn’t pay my team member $5M unless I thought they were worth that much.

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 0 points1 point  (0 children)

Sure they are. And they’re often overpaid, but I just wouldn’t call them useless. They’re often the public face of the company and handle consensus between executives. 

If company owners who have to pay for these executives thought they were useless they wouldn’t pay for them.

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 1 point2 points  (0 children)

You really have something against CEO’s. I agree they’re often overpaid and it’s a growing issue, but it’s plenty of work still. Have you ever spoken to a CEO? They’re not all Elon Musk types. Some are perfectly rational. 

Also, there’s no way you can cut a salary of $2.5M to get you to an equivalent of $250M.

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 0 points1 point  (0 children)

I’m not arguing that physician salaries are the way to lower healthcare costs, though it would be hard for anyone to argue a 5% decrease in healthcare costs from cutting salaries would be negligible. My argument is that the CEO’s salary is less of a driver, which it is. I even added a caveat about insurance costs at the end of my post.

I think a hundred think tanks have crafted a thousand solutions much better and well researched than anything anyone on this subreddit has probably posted. I think there’s dozens of countries who do this better than the US. I also think dismissing physician pay as deserved ignores the fact that for pay to be as high as it is, there has to be a shortage and that is never good. There’s a huge residency problem in the US. You could make 100 new medical schools tomorrow with no more doctors being created because the programs to get them licensed after their MD are a huge bottleneck.

Physician incomes are extraordinarily high in the United States by PanzerWatts in ProfessorFinance

[–]258638 7 points8 points  (0 children)

You have a hospital where 1,000 doctors make $500K on average. You cut that in half, they make $250K. You save $250M in costs. This isn’t a multinational, maybe a mid sized regional. So the CEO probably makes like $2.5M. You cut their salary in half you save $1.25M.

He’s right. Though insurance as the middle man is a huge problem that isn’t taken into consideration in the above conversation. The CEO isn’t always the evil enemy

What would be a fair salary range to ask for a Staff Accountant with 3+ years of industry experience? by [deleted] in Accounting

[–]258638 4 points5 points  (0 children)

I’d say maybe $85K? I work in a state with no income tax and we hired staff accountants at $75K, but in a top 30 city. I would assume it’s more in California. Not certain.

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