The answer to my previous question about health insurance company average net profit margins is 3.5%. The other percentages represent large US companies including Apple.
We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
QUINNSCOMMENTARY 
Certain groups complain about corporate profits and of CEO pay ratio to employees.
Yesterday, the San Diego Chargers signed a 5-year extension contract for quarterback Justin Herbert for $262.5 million dollars. A quarter of a billion dollars just to play a game. He has no employees. Since he is the quarterback I guess he is the product?
Now I don’t know anything about him. I don’t care about the NFL. I assume that he has talent and adds some value for the team to pay him that much. But where is the outrage and all of the comparisons about his pay to employee ratio?
Now, I can’t play in the NFL nor high school football for that matter. I say good for him in is deal. People freely buy $500+ tickets, $175 jerseys, and all kinds of other stuff to support (read finance) their favorite team and get what physical thing in return? A hope that they might get to say “their” team won the Superbowl?
People freely give money to Apple for their iPhones so why do they compare what the CEO gets paid compared to Apples workers? Who cares about the percentage of the profits for Apple other than investors? It is our choice who we give our money to.
Full disclosure: My wife is a shareholder of the Green Bay Packers. This entitles her to bragging rights over season ticket holders. She gets nothing else in return of value. And I still don’t care about the NFL until they pay me to watch.
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Los Angeles Chargers. San Diego got screwed.
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