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Former Falcons HC Jim Mora gets $12 million for sucking.


middlegatv
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He is not a "playa".  He is a con man.  

Still, nice con.  

$12 million in an account that pays only 1% will render $120,000 per year without touching the principle.  

You figure that even a highly conservative investment portfolio should average 4%.  That is, of course, $480,000 per year.  

A good manager should be able to do better.  

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I will never fault or talk down on anyone for making all the money they can get with the opportunities presented to them, because anyone in their right mind would do the same, if for nothing else, not for them, but for their family. Good for him, take the money and run!

I wish I had the opportunity to be bought out, but in my case, I'd just get fired and not get nothing. Thank you Jim for providing us all hope that getting fired ain't all that bad if you got a contract that say "PAY ME!". 

:D

 

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1 hour ago, etherdome said:

He is not a "playa".  He is a con man.  

Still, nice con.  

$12 million in an account that pays only 1% will render $120,000 per year without touching the principle.  

You figure that even a highly conservative investment portfolio should average 4%.  That is, of course, $480,000 per year.  

A good manager should be able to do better.  

A lot better. :)

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3 hours ago, etherdome said:

He is not a "playa".  He is a con man.  

Still, nice con.  

$12 million in an account that pays only 1% will render $120,000 per year without touching the principle.  

You figure that even a highly conservative investment portfolio should average 4%.  That is, of course, $480,000 per year.  

A good manager should be able to do better.  

I'd gladly manage that account lol

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5 hours ago, etherdome said:

He is not a "playa".  He is a con man.  

Still, nice con.  

$12 million in an account that pays only 1% will render $120,000 per year without touching the principle.  

You figure that even a highly conservative investment portfolio should average 4%.  That is, of course, $480,000 per year.  

A good manager should be able to do better.  

I would imagine it's an annuity... still pretty good income.

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12 hours ago, etherdome said:

He is not a "playa".  He is a con man.  

Still, nice con.  

$12 million in an account that pays only 1% will render $120,000 per year without touching the principle.  

You figure that even a highly conservative investment portfolio should average 4%.  That is, of course, $480,000 per year.  

A good manager should be able to do better.  

You forgot to pay Uncle Sam. His tax bill is about $5m on that income ($4.7ish). Just round it to about $7m that he actually gets to take home.

At 4%, that’s only about $280k per year. 

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15 hours ago, etherdome said:

He is not a "playa".  He is a con man.  

Still, nice con.  

$12 million in an account that pays only 1% will render $120,000 per year without touching the principle.  

You figure that even a highly conservative investment portfolio should average 4%.  That is, of course, $480,000 per year.  

A good manager should be able to do better.  

If you were only getting 4% then you need to fire your investment manager immediately since the stock market has averaged about 7.5% per year over the past 100 years or so.

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17 hours ago, etherdome said:

He is not a "playa".  He is a con man.  

Still, nice con.  

$12 million in an account that pays only 1% will render $120,000 per year without touching the principle.  

You figure that even a highly conservative investment portfolio should average 4%.  That is, of course, $480,000 per year.  

A good manager should be able to do better.  

I’m sure Uncle Sam, the tax scam sham could have an impact on the 12 mm...just saying 

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