Gibson Creditors Want New CEO Before Rescue Deal

Jazzandmore

Gold Supporting Member
Messages
9,904
Paid his way through college playing guitar????? Have you heard him play??? LOL
Hmm it says “according to his biography...”. So wouldn’t be hard to find out what the cost of Harvard was back then, and figure out how much he’d have to earn from his various rock bands, to pull this off.

[According to this, tuition for HBS was about $4k/ year in 1977:
https://www.alumni.hbs.edu/stories/Pages/story-bulletin.aspx?num=2129

Starting salaries averaged $22,500 in 1977. Neckties were wider, and the corporate uniform was dark business suits for men and conservative skirts and jackets for women. Saving time for family commitments was a low priority in the race to the corner office, in keeping with employers' traditional expectations. Our HBS tuition was a hefty $4,000 a year, but we were certain that we would be able to pay off the debt since The Gospel According to Harvard Business Schoolpredicted that one in six of us would someday be a corporate chairman, president, or CEO.]

Adjusted for the years $4k then is equivalent to $17k now. So his rock bands were making some very fat money. Who knew the bar scene was so lucrative around Harvard? o_O
 

jwguitar

Member
Messages
5,819
Certainly much more lucrative than that area is now or maybe just maybe he is stretching the story a bit....

Hmm it says “according to his biography...”. So wouldn’t be hard to find out what the cost of Harvard was back then, and figure out how much he’d have to earn from his various rock bands, to pull this off.

[According to this, tuition for HBS was about $4k/ year in 1977:
https://www.alumni.hbs.edu/stories/Pages/story-bulletin.aspx?num=2129

Starting salaries averaged $22,500 in 1977. Neckties were wider, and the corporate uniform was dark business suits for men and conservative skirts and jackets for women. Saving time for family commitments was a low priority in the race to the corner office, in keeping with employers' traditional expectations. Our HBS tuition was a hefty $4,000 a year, but we were certain that we would be able to pay off the debt since The Gospel According to Harvard Business Schoolpredicted that one in six of us would someday be a corporate chairman, president, or CEO.]

Adjusted for the years $4k then is equivalent to $17k now. So his rock bands were making some very fat money. Who knew the bar scene was so lucrative around Harvard? o_O
 

kidmandude

Silver Supporting Member
Messages
2,812
I could be Gibson's new CEO! And would turn that company right around!

I'm not wearing a stupid tie though!
 

toomanyamps

Member
Messages
1,741
Hmm it says “according to his biography...”. So wouldn’t be hard to find out what the cost of Harvard was back then, and figure out how much he’d have to earn from his various rock bands, to pull this off.

[According to this, tuition for HBS was about $4k/ year in 1977:
......

Adjusted for the years $4k then is equivalent to $17k now. So his rock bands were making some very fat money. Who knew the bar scene was so lucrative around Harvard? o_O
It was very common for bar musicians in the 70s and 80s to make a lot more money than they make now.
While Harvard tuition from back then to now has gone up 10x plus, musicians per gig pay has for the most part gone down, in real, not inflation adjusted dollars.
 


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