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09-21-2012, 10:46 AM
  #53
windycity
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Quote:
Originally Posted by pvr View Post
As you pointed out, it's not the same. The "partners" are the "owners", and still would make more than the clerks, secretaries, etc... Most business operate with an "overhead" that includes anything and everything to make it run. Can be low or high, but individual employees still make less than owners, even if the overhead exceeds 50% and the sum of monies going out is greater than an owner might be compensated.

The only instance I can think of perhaps might be if a junior law partner won a huge settlement and receive a bonus that put him above the pay of a full partner. I'm not a lawyer, and it seems that scenario could be possible as a rare exception, but my guess is that the firm still would distribute an even greater chunk to all full partners.
Well there are other exceptions e.g. publicly traded professional service firms/banks where the owners are outside investors. Those firms still have to pay a competitive wage.

And hockey teams have other personnel overhead besides players.

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