Sunday, December 16, 2012

How top executives live (Fortune, 1955)

This is a look back in time courtesy of Fortune.com and what the life of executive looked like in 1955.  An executive at the top of his game (namely men at the time who held the top spots) was making a poultry $55k a year.

From the sounds of it an executive in 1955 was just as busy as an executive today without the hindrance of being connected to a mobile devise 24/7.  In fact he had likely more in common with the common man than do many executives today just with a perk or two more.

Full Fortune piece here
  • The successful American executive, for example, gets up early--about 7:00 A.M.--eats a large breakfast, and rushes to his office by train or auto. It is not unusual for him, after spending from 9:00 A.M. until 6:00 P.M. in his office, to hurry home, eat dinner, and crawl into bed with a briefcase full of homework. He is constantly pressed for time, and a great deal of the time he spends in his office is extraneous to his business. He gets himself involved in all kinds of community work, either because he wants to or because he figures he has to for the sake of public relations.
  • If he is a top executive he lives on an economic scale not too different from that of the man on the next-lower income rung. He surrenders around 40 per cent of his salary to the Bureau of Internal Revenue (he may cough up as much as 75 per cent) but still manages to put a little of his income in stocks, bonds, life insurance. He owns two cars, and gets along with one or two servants. What time he has left from his work--on weekends and brief vacations--he spends exercising, preferably outdoors, and usually at golf. Next to golf, fishing is the most popular executive diversion.

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