Im really impressed with Taylor Swift gives out 55 million in bonuses at the end of her tour
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Giving in itself is something. I too was impressed. Really, I cracked a lot of jokes about her based on her guitar playing ablility, that's it. Not her looks, persona, etc. Like I said, to see a girl at work talk about TS all day long, I came to realize they love this artist, every bit as I do The JGB or the Grateful Dead.
When one is in the spotlight, they're always going to be targets. I used PK Subban as an example when he gave a year's salary to the Children's Hospital. What about Bloomberg? He gave from memory over 4 billion to Johns Hopkins. I'm sure he's criticized for that.
Take shots at me, anyone. I gave $40 to the Children's Hospital of Philadelphia. I feel it's fine, there's no motive behind it. I'm sure they were glad to take it and combine it with other random gifts in that amount. They're not naming a wing after me, but every now and then they send me those stickers with my return address, that I can use at Christmas time withe cards....
Agree, well said and thanks for reminding me, I pushed a lot to the side this year in the move to our new house. St. Judes Children's Hospital was my annual donation. I got turned onto them when a young co-worker (newly weds) of mine some years back and his wife, also a co-worker of mine, just bought their first house. Two of Greatest people on this planet, killed on their motorcycle when a "non citizen" without a license ran a stop sign. HE was DOA on the scene, she was thrown so far they found her screaming in a field with her feet gone. A good samaritan found her and asked if she believed in god. Her heart stopped I think five times on the way to the Hospital and died when she got there.
Anyway...gosh all I meant to say was at the funeral the families asked in lu of flowers they would appreciate donations to ST Judes because the couple always lit up the lives of young kids and that is when I learned the wonderful things the children hospitals do.
Your right, dollar amounts dont matter if everyone gives what makes them feel good because we have hundreds of millions of people in the USA>
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Man, same happened to my friend's sister and niece in El Monte, CA (drunk driver, both in cars, former not legally in US). Niece was a senior in HS and bound for college.
That particular sister was much older than we were. I remember her loaning us her '89 Civic anytime we wanted to drive from Albany to NYC. Also, she gave us a sofa that I carried on my '79 Volvo and Thule rack. The older we get, the more memories we have, and I would not have thought about my friend's sister if not for your post...thank you for that!
If she really wanted to do something impressive it would be to take $55 million and spend it towards some type of solution to the ticket price gouging that goes on by scalpers and third party resellers.
When a major act like Swift or Elton John announce a tour and tickets go on sale it is next to impossible to buy tickets at anywhere near face value. The artists see none of that additional markup. Buy somebody is making major cash from the reselling and fans who could afford maybe a $60-$100 ticket are out of luck when tickets are $1000 and more.
Yes, it is capitalism. And the days of seeing a double bill with Jethro Tull and Led Zeppelin for $4.50 are long gone. But there is also something very, very wrong with the way tiokets are making their way into the hands of the general public too. And probably because of huge campaign donations going from those companies who are making a fortune on reselling to politicians who suppress any kind of legislation that would even the playing field.
When a major act like Swift or Elton John announce a tour and tickets go on sale it is next to impossible to buy tickets at anywhere near face value. The artists see none of that additional markup. Buy somebody is making major cash from the reselling and fans who could afford maybe a $60-$100 ticket are out of luck when tickets are $1000 and more.
Yes, it is capitalism. And the days of seeing a double bill with Jethro Tull and Led Zeppelin for $4.50 are long gone. But there is also something very, very wrong with the way tiokets are making their way into the hands of the general public too. And probably because of huge campaign donations going from those companies who are making a fortune on reselling to politicians who suppress any kind of legislation that would even the playing field.
What could she or any other artist do ? You're suggesting someone (the gov't) put price controls in place, i.e. only allow some maximum mark-up ? Forbid reselling tickets ? I bet you wouldn't like that if you bought tickets and something came up that prevented you from going and now you can't re-sell the tickets. As you said, it's capitalism....
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Look at the Grateful Dead and tickets after 1987. The issue is nothing new.
There’s nothing wrong with taking care of crew.
What I can never understand is $1,000 for a ticket. I don’t care who the artist is.
That’s why as mentioned I’m glad I snuck into the pit July 2022 and was maybe 12 rows back.
Why?
You cant expect artists to now control and be CEOs of all the stadium and ticketing process in the country. Why leave Pro-Sports out of this too?
Yay for Jethro Tull and Led Zeppelin though! OMG, those days produced real productions. I do have to give TS credit as she is involved deeply with her music (even though I dont listen to her) and lyrics and not just any pop tart being handed material and becoming famous.
My only disagreement with you (because you have great taste in music) is I am a strong believer in free markets, it's really the basis of freedom. Going to a concert is not a life and death matter and I trust no one (forbidden subject) to regulate. Though I have NO PROBLEM breaking up monopolies !
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How about the Dead allowing recording since day 1. And if not mistaken, Pearl Jam did the same. Record producer’s nightmare.
But with the Dead, amazing to have everything (live shows) back to the 60’s in their archives.
It’s astounding to find so little for Lynyrd Skynyrd.
This is really an out of touch comment. Every business and business owner makes money "off the backs of their staff." Those staff also receive compensation - That's how it works. If that business wasn't started by someone at some point, those people would be doing something else, or maybe even nothing.
This is even more extreme in the case of a huge entertainer. Hundreds if not thousands of people are employed because some kid decided one day to pick up a guitar. Not to mention all the economic benefit to the cities they perform in and all the businesses involved in that.
The deal I got at work was a paycheck for me writing computer programs. They didn't owe me a nickle more; that was the agreement.
Bonuses are nice though...
Bonuses are nice though...
The one that comes to mind is New York state, where the law restricts resale to no more than 10% higher than the value. But I'm not sure how that all works, especially if the sale of the ticket (for an event there) would be done out of state.
I used to go to a lot of events where I'd scoop up unused tickets at a steep discount, although occasionally higher than face value (depending on demand). A lot of people would unload their unused tickets cheap on the informal resellers and I remember paying less than face value.
At first it was really nice when I started to get them. Then you start to understand the psychology of bonuses. A friend of mine is an attorney at a large firm. His bonus is about 100% of his salary. The bonus pays out in April for the previous year and you have to employed there to receive it. It makes it painful to quit the firm.
My company now pays out stock awards every 6 months instead of every 12 months. Makes it more painful to decide when to retire. There is always some nice award coming up.
My issue with ticket scalpers is how they seem to have the largest percentage of available tickets within seconds of the tickets going on sale. I suppose they use some kind of bots and sophisticated software programs to accomplish this and quite possibly also have insiders as accomplices that allow them to buy up so many tickets before the fans can get them at face value.
Capitalism is one thing and I am all for it. But something is surely wrong with the current system where it is next to impossible to buy popular tickets at face value. The amount of money that is being made by third party resellers is enough to give suspicion that the game is rigged in their favor. And that is something that needs reforming.
Maybe someone with Swift's clout could spearhead the effort instead of doing something worthless like donating money to some organization to fight global warming or some other cause de jour.
Capitalism is one thing and I am all for it. But something is surely wrong with the current system where it is next to impossible to buy popular tickets at face value. The amount of money that is being made by third party resellers is enough to give suspicion that the game is rigged in their favor. And that is something that needs reforming.
Maybe someone with Swift's clout could spearhead the effort instead of doing something worthless like donating money to some organization to fight global warming or some other cause de jour.
JHZR2
Staff member
Unfortunately you’re not comprehending the point relative to the comment that it was in response to.
All of a sudden Jeff Bezos was intermingled into this because he gave $100M to Maui. Remember that post that I was replying to??!?
And the point I made, that the attempt to compare the two was apples to oranges?
One was a humanitarian gift, regardless of how or where JB got his money. One was a bonus given to specific workers who were part of the TS tour.
Both are gifts, there isn’t really any other comparison. That was the point, and really the only point.
Do you deny that TS was giving a bonus to her tour workers who labored to create a $1B tour that she is earning hundreds of millions from? Do you deny that JB donating $100M as humanitarian aid has nothing to do with the people of Maui being employees? If both of those are true (they are; there really isn’t any basis of argument there), then there’s no out of touch because that was the point of the comments.
A major reason behind bonuses, especially end-of-year or "Christmas" bonuses is for one reason - reducing NET profit. There's always a benefit to the company !
On one hand, no one should be surprised that if you quit/leave, you probably won't get a previous year's bonus payout. On the other hand, a truly ethical business would pay it since it was earned while still employed. Do attorneys have "employment contracts" with the firm they work for ? Don't know if that's standard or not.... If I had one, I'd amend it to make sure I still got that bonus whether I left or not.
A major reason behind bonuses, especially end-of-year or "Christmas" bonuses is for one reason - reducing NET profit. There's always a benefit to the company !
On one hand, no one should be surprised that if you quit/leave, you probably won't get a previous year's bonus payout. On the other hand, a truly ethical business would pay it since it was earned while still employed. Do attorneys have "employment contracts" with the firm they work for ? Don't know if that's standard or not.... If I had one, I'd amend it to make sure I still got that bonus whether I left or not.
For my first full-time job, my first day was spent at new employee orientation. My second day was at this big company event at a local convention center. But to encourage attendance, that was where company bonuses (all physical checks) were handed out at the end of the day. I do believe someone who couldn't attend the event could have picked up the bonus later at the office. I was thinking maybe as a new hire I might have a prorated bonus (maybe a month's worth), but no. At that point I hadn't even met any of my new coworkers other than the ones I met during my interview.
At one job, I remember getting a bonus that seemed smaller than I expected. A few days later I looked at my bank account balance one day and found a direct deposit for an incremental amount. I thought it might be some sort of correction. I didn't go crazy and spend it though. In a few days I got an email from payroll that some employees got an inadvertent bonus payment and the next day I found it was clawed back. Pretty soon after that payroll specialist was no longer there, and there was no announcement of why.
As for bonuses, they're owed in my state even for someone fired. It might be complicated though since they're often based on company performance that might be determined after someone is gone.
Let's be clear, Taylor Swift gave out roughly 55 million dollars who were not employees of hers but worked for companies on her tour.
That 55 million was a significant gift from her income which is estimated at 340 million on the tour.
You keep insinuating that these are employees of Taylor Swift, it's a false statement.
Oh, and those soup kitchens that were so grateful to her? yeah, any money she gave them buries Jeffs Gift as far as percentage of income. How does that figure into the being part of her tour?
Her one BILLION dollar tour as you refer to almost sounds like you are discrediting a billion dollars in economic activity. DO you feel the same about Amazon, all their employees, support structures ect over a million secondary jobs?
Jeff Bezo gave almost half of one days income to the people of Maui, who are customers of his and some self promotion of his company. Jeff makes approx $175 million a day. I am sure you know, Amazon sells more than that and profits way more that that directly "off the backs" of the people of Hawaii. Im curious who notified the press of this gift/ and lets face it, that money doesnt come from Jeffs compensation package.
I have no problem with either contribution by the way but it's evident in here not just to me but others your bias? (lack of a better word)
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What is this profit that you speak of? I've never worked for a profitable company in my career. Kind of crazy when you think of it.A major reason behind bonuses, especially end-of-year or "Christmas" bonuses is for one reason - reducing NET profit. There's always a benefit to the company !
On one hand, no one should be surprised that if you quit/leave, you probably won't get a previous year's bonus payout. On the other hand, a truly ethical business would pay it since it was earned while still employed. Do attorneys have "employment contracts" with the firm they work for ? Don't know if that's standard or not.... If I had one, I'd amend it to make sure I still got that bonus whether I left or not.