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Comments on news posted 2009-07-08 16:10:28: Ok, sure, Charter Communications hasn't been profitable since the company went public in 1999, posted a $2. ..

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qworster
join:2001-11-25
Bryn Mawr, PA

qworster

Member

$hit floats!

That's about it....

en102
Canadian, eh?
join:2001-01-26
Valencia, CA

en102

Member

Re: $hit floats!

Lets see... they paid him $7.4 mil in CASH, and the companies market cap is $9.08 mil. All I can say is WTF! Are they stupid!

KrK
Heavy Artillery For The Little Guy
Premium Member
join:2000-01-17
Tulsa, OK

KrK

Premium Member

Re: $hit floats!

Yes. They are.
patcat88
join:2002-04-05
Jamaica, NY

patcat88 to en102

Member

to en102
said by en102:

Lets see... they paid him $7.4 mil in CASH, and the companies market cap is $9.08 mil. All I can say is WTF! Are they stupid!
Time for me to refinance my house and buy Charter for the heck of it

jadinolf
I love you Fred
Premium Member
join:2005-07-09
Ojai, CA

jadinolf

Premium Member

Re: $hit floats!

said by patcat88:
said by en102:

Lets see... they paid him $7.4 mil in CASH, and the companies market cap is $9.08 mil. All I can say is WTF! Are they stupid!
Time for me to refinance my house and buy Charter for the heck of it
Just take a loan for $38 and buy it.

DarkLogix
Texan and Proud
Premium Member
join:2008-10-23
Baytown, TX

DarkLogix to patcat88

Premium Member

to patcat88
ya go for it
you could revolutionize the Cable ISP business
gorehound
join:2009-06-19
Portland, ME

gorehound to qworster

Member

to qworster
why dont i get payed out millions ?????

big businesss is a real sick thing.one more example of stupidity and greed.

this system is broke and it needs fixing !!!!
fiberguy2
My views are my own.
Premium Member
join:2005-05-20

2 recommendations

fiberguy2

Premium Member

Re: $hit floats!

What "system"...? are you saying that government should take over and run everything? .. THAT would be a system.

They, the government that is no longer 'we the people' can't even get it's own affairs in order.. I sure hope that you're suggesting the government be the ones to "fix" the allegedly broken system.

When a company fails, such as this one, someone will ultimately come in and buy up the remains and give it a shot.. that is the system that works.

The millions this guy gets paid, in my mind, is irrelevant. Part of what went wrong with Charter was not complete incompetence, rather, the way the "system/market" works and oh yea.. "competition".. with out going into a long explanation as to the why of what I just said, I'll leave it at this for now.. but if anything, even for boobs, I am NOT about the giver-ment coming in to limit pay salaries.. besides, it's probably un-constitutional anyway.

On a side note, if ANY system needs to be fixed, its the people themselves that should look with-in to the "self-collective system".. ie: the people are not taking an active role in their own government.. until people start to care, the "system" as you speak of, is going to remain broken.
nutcr0cker
join:2003-04-02
Chandler, AZ

1 recommendation

nutcr0cker

Member

Re: $hit floats!

Perhaps he needs a tax break. everything will work fine only if we can give more tax breaks to the filthy rich
sonicmerlin
join:2009-05-24
Cleveland, OH

sonicmerlin to fiberguy2

Member

to fiberguy2
Actually the people do take an active role in government, in the form of consumer groups and activists. It's the politicians who don't really care what those consumer groups have to say, as they depend on the money and support given to them by big corporations.

You can't expect a nation of hundreds of millions of voters to pay attention to every detail and elect only the perfect candidate. That's if there even is a "perfect" candidate, considering the usual 2 party system.

Competition didn't down Charter. They hardly face any real competition. All it requires is a minimal amount of basic management skills for a company in their position to be profitable. It truly was gross incompetence.

A good example of how incompetent these large ISPs are is Cogeco. Its attempts to go international utterly failed, as they were quickly driven out of the foreign market by much tougher competition in the form of competently run companies.

Most of these ISPs would go under very quickly with the massive overhead and bonuses they spend their finances on year after year if they actually had to face real competition.
fiberguy2
My views are my own.
Premium Member
join:2005-05-20

1 recommendation

fiberguy2

Premium Member

Re: $hit floats!

People take a role in government? Um... I strongly disagree with you.. you may want to look up the number of eligible voters and how many of them actually show up to the polls to vote. Not to mention, it's more than just voting.. as for activists and consumer groups? ... or as I call them, special interests.. they think about themselves and the people that think like they do. All those groups do is usually cause more problems. Activists are THE worst.. any idea how much progress gets held up as we study the habits of the spotted tree frog before actually building up much needed infrustructure?

And - I DO expect voters to pay attention to detail.. that's part of the responsibility and privileged of voting.. however, people are idiots - plain and simple. They vote on the same wedge issues all the time. Remember the comment about clinging to guns and religion? ... that couldn't have been said better. People think that this country is going to be fine as soon as you keep the gays out of the way, stop unborn baby killing, keep prayer in schools, and social security - gotta keep the old people interested too.

Competition DID have a roll in Charters issues.. when you have satellite, which is competition, offering a service cheaper damn near over night, it quickly erodes an already off-guard cable operator such as charter who largely serves rural areas.

There is real competition in this country - maybe not in your view.. but there IS competition in this country.. competition and offerings are subjective to the environment around it. This country is NOT Japan, it's NOT South Korea or China, it's NOT any other country that Utopian's here want.. in the U.S., OUR system has competition when it comes to video - many people have three choices and they exercise them all the time.

You talk about running a company is being so simple.. I hope you never find yourself in that position becuase you'd be the next BBR article being bashed by every arm chair quarterback on the site. Running a corporation is not "simple".. its quite complicated.. and while the company went down on this guys' watch doesn't mean that he was an idiot..
Core0000
Premium Member
join:2008-05-04
Somerset, KY

Core0000

Premium Member

Re: $hit floats!

I agree with everything you said, except where you said the CEO of charter is not an idiot.

A CEO to some degree is like the captain of a ship. HE really is top dog as far as bringing about change's, and new implementations.

Anyways, as Larry Winget says. "Result's do not lie."

And I think that's a golden rule, when viewing everything. Results really do not lie. And that's a fact.

cork1958
Cork
Premium Member
join:2000-02-26

cork1958 to sonicmerlin

Premium Member

to sonicmerlin
"You can't expect a nation of hundreds of millions of voters to pay attention to every detail and elect only the perfect candidate. That's if there even is a "perfect" candidate, considering the usual 2 party system."

No,
I may not be able to expect that, but I surely could expect that nation of millions to not be so stupid as to do something as stupid as electing dip shit Presidents like the most recent Bush twice or his dad even once!

There is just flat out so much corruption in the world, it will NEVER be right again, if it ever was!
wentlanc
You Can't Fix Dumb..
join:2003-07-30
Maineville, OH

wentlanc to fiberguy2

Member

to fiberguy2
You know... I read gorehound's post back about 7 times now... and I fail to find where he said "The systems needs to be fixed by the government!!". Perhaps you need a nice happy pill today???

cw
Pv8man
join:2008-07-24
Hammond, IN

1 recommendation

Pv8man to gorehound

Member

to gorehound
Ya, I understand what you are trying to say.

but I don't think that Gov can do any better.

Sometimes, I pray some of these companies would finally fail...

so they can be done with, so someone else can fill in it's place and try.
ender7074
join:2006-11-21
Saint Louis, MO

ender7074

Member

No suprise

Charter has a well earned reputation for paying large sums of money to complete morons that only excel at making things worse instead of better. On top of that, after they jack things up beyond belief, they get fired and paid millions. I'm glad I jumped off of that sinking ship years ago. Idiots at the wheel -- the Charter moto.

DaSneaky1D
what's up
MVM
join:2001-03-29
The Lou

DaSneaky1D

MVM

Re: No suprise

So, how do you really feel about those running Charter?
ender7074
join:2006-11-21
Saint Louis, MO

ender7074

Member

Re: No suprise

After spending 4 years in that circus... I'm really toning the language down about how bad that place is.
matrix3D
join:2006-09-27
Middletown, CT

1 edit

1 recommendation

matrix3D to ender7074

Member

to ender7074
I don't know much about Charter, but from a general point of view I have to question what the f*ck this country has come to when we reward complete idiots for failure. What's next? People getting into the National Honor Society for a full semester of D's and F's?

It's not wonder things are so bad today when we have morons running the big corporations, morons running the small businesses, morons in the House and Senate, and morons in the White House.
fiberguy2
My views are my own.
Premium Member
join:2005-05-20

1 recommendation

fiberguy2

Premium Member

Re: No suprise

First off, there is no "we" and no "country" that is rewarding these idiots for failure..

"This Country" doesn't employ CEO's.. well, until Obama came along in his quest to socialize everything.. and "WE" in the reward part of your message is not correct as "we" have nothing to do with how a business chooses to operate itself...

And to wrap it up and hit it home, the ONLY morons that are responsible for ANYTHING going on to this day are "we the people"... yes.. the PEOPLE are morons for putting "morons" in office and positions of power.. pretty sad when people fail to look at themselves for being a MAJOR part of the problem AND for blaming everyone else BUT themselves.

Corporations are still self operated.
Small Business is none of your business.
The house and senate and the white house.. That IS our business.

.. there were PLENTY of morons that put Bush into a second term.. start there.
Expand your moderator at work

Jigsaw
Stardust We Are
Premium Member
join:2000-10-21
Cleveland, OH

Jigsaw to matrix3D

Premium Member

to matrix3D
said by matrix3D:

It's not wonder things are so bad today when we have morons running the big corporations, morons running the small businesses, morons in the House and Senate, and morons in the White House.
You forgot And morons letting the shit happen.....
Expand your moderator at work

borats
@tds.net

borats to ender7074

Anon

to ender7074
said by ender7074:

I'm glad I jumped off of that sinking ship years ago. Idiots at the wheel -- the Charter moto.
More like fired. Anyone who follows the Charter forum remembers you. No wonder you're here, in a Charter thread, like you always are, bashing them. You act like you know all the important people in Charter, when the only contact you ever had with someone of rank was your call center lead, or supervisor.
ender7074
join:2006-11-21
Saint Louis, MO

ender7074

Member

Re: No suprise

said by borats :
said by ender7074:

I'm glad I jumped off of that sinking ship years ago. Idiots at the wheel -- the Charter moto.
More like fired. Anyone who follows the Charter forum remembers you. No wonder you're here, in a Charter thread, like you always are, bashing them. You act like you know all the important people in Charter, when the only contact you ever had with someone of rank was your call center lead, or supervisor.
LOL I never did anything in the Charter forum here. I wasn't fired from Charter, I quit. I know several people in the corporate office and had felt the effects of the idiots that ran the place. Please stop being an idiot or post links of me and my "Charter bashing" that you seem to think I wrote. Also, how is it that you think I shouldnt have an opinion of the idiots that ran that company when I was one of many people that bore the burden of implementing their stupid policies?
DoubleK
Doublek
join:2003-03-04
Beloit, WI

DoubleK

Member

Not suprising when you sign your own paycheck.

I am glad that my Charter HSI has been flawless the last 18 months.

I am equally as glad AT&T is out in force today preparing UVerse which may not compete with DishNet ooooooooon the TV side but will give me options if Charter HSI starts that sucking sound again.

DataRiker
Premium Member
join:2002-05-19
00000

2 recommendations

DataRiker

Premium Member

Unchecked greed

wow, just wow. This is everything that is wrong with America.

morbo
Complete Your Transaction
join:2002-01-22
00000

morbo

Member

Pay for performance is just for the little fish, eh?

Where is the logic in doubling this guy's salary? I know it's the titanic he's driving, but still. That is pretty dumb even for Charter.

•••••••••

anon51
@rr.com

anon51

Anon

Paid for failure

This is also true for Time Warner Cable. Their CEO's compensation was almost double that amount. During that time, the service and offerings went downhill fast.
It seems the more of a MORON you are, the higher the salary you get.
Welcome to America !!!!
patcat88
join:2002-04-05
Jamaica, NY

patcat88

Member

Re: Paid for failure

said by anon51 :

It seems the more of a MORON you are, the higher the salary you get.
Welcome to America !!!!
The higher the salary, the more qualified you are for the next job.

Zen6
@rr.com

Zen6 to anon51

Anon

to anon51
As a consumer I have to agree that TW has been, and is run by complete morons. They currently have their bi weekly 3 day giveaway of service, thats where they try to increase sub numbers by giving away service. It is too bad there are still people who would buy stock in companies like this, then to have their money wiped out by mismanagement from the top down. Charter did this giveaway gimmick, as did adelphia just before they went under.

rudnicke
Premium Member
join:2004-10-23
Rantoul, IL

rudnicke

Premium Member

CEO's

Another one of America's dumba** CEO's. Brainless idiots.

•••

thender
Screen tycoon
Premium Member
join:2009-01-01
Brooklyn, NY

thender

Premium Member

My stock went from $3.75 to $0.15

But as long as he makes his money.
wvcaver
Premium Member
join:2005-04-17
Millersburg, OH

wvcaver

Premium Member

I will be CEO

I would like to be CEO and I will only charge them 1 MIL. a year
and they will still loose $$$$$$$ but they will save 6 MIL. +

Sounds like a win win for me and Charter !
radougherty
join:1999-07-23
Austin, TX

2 edits

1 recommendation

radougherty

Member

Too much inbreeding

And who determines these salaries, other members of the board of directors that are on the compensation commitee. These other members usually are other senior exec's of other companies, so when they can pay someone this amount of money for failing they can go to their boards and say I'm worth a lot more then that, I didn't loose any money and they get it.

•••

dadkins
Can you do Blu?
MVM
join:2003-09-26
Hercules, CA

1 recommendation

dadkins

MVM

Look at the pic

Is that a shit-eating grin or what?
sonicmerlin
join:2009-05-24
Cleveland, OH

1 edit

sonicmerlin

Member

Problem

Of course this is the reason corporate apologists who argue for corporations' "rights" drive me nuts. An entity not recognized in the constitution, derived entirely through legislation at the federal level, which allows the individuals involved to be completely responsible-free if the company fails, does *not* have the "right" to make as much profit as possible at the expense of the consumer.

The whole purpose of creating corporations was to encourage investment, bold leadership, and intelligent risk taking that along with strong competition would jump-start innovation in nearly every industry. So much for the American dream.

POB
Res Firma Mitescere Nescit
Premium Member
join:2003-02-13
Stepford, CA

POB

Premium Member

Re: Problem

said by sonicmerlin:

[...] So much for the American dream.
It's called the American dream because you have to be asleep to believe it.

StevenB
Premium Member
join:2000-10-27
New York, NY

StevenB

Premium Member

I wonder where is..

The resident Cable Company defense team? Usually when Karl posts an article like this, they come out in full-defense mode. very very interesting.

•••

hopeflicker
Capitalism breeds greed
Premium Member
join:2003-04-03
Long Beach, CA

hopeflicker

Premium Member

Failure

Reward for failure?
Sounds like a good business plan

David
Premium Member
join:2002-05-30
Granite City, IL

David

Premium Member

That's it... I QUIT!!!

I will quit answering posts....

Man I thought being a good tech was worth something. Apparently I am in the wrong profession.

telcotech
IBEW 2222 Boston, MA
Premium Member
join:2004-09-02
united state

telcotech

Premium Member

How much...

...would they pay this guy if Charter actually turned a profit?? Did they double the wages of all of Charter's employees, too?

rsa0
join:2003-01-25
Birmingham, AL

rsa0

Member

1/2 of that ...

I can bankrupt your company for 1/2 price....hell, gimme 1/8 and I will do it...cheaper, faster and better !!!

fullpicture
@charter.com

fullpicture

Anon

Re: 1/2 of that ...

actually if you look at the company sheet without the debt load, which was accrued long before Smit became CEO, Charter has done quite well. Smit was brought in to right the ship from an operating perspective and he done that. Payments on the debt is what caused Charter to file bankrupcy...nobody would have been able to overcome the type of drain on revenues while still rolling out new services and growing RGU's.

Chiyo
Save Me Konata-Chan
Premium Member
join:2003-02-20
Salisbury, NC

Chiyo

Premium Member

Its hard working losing that money

Man it must be awfully hard work losing that kind of money I wonder if they have a toilet in a fancy bathroom but you don't poop in it oh no you thrown 100's down the drain. maybe get side by side have races who's 100 goes down faster?
patcat88
join:2002-04-05
Jamaica, NY

2 edits

patcat88

Member

Re: Its hard working losing that money

said by Chiyo:

Man it must be awfully hard work losing that kind of money I wonder if they have a toilet in a fancy bathroom but you don't poop in it oh no you thrown 100's down the drain. maybe get side by side have races who's 100 goes down faster?

»www.youtube.com/watch?v= ··· bgSpHMFs

ceosalaries

Anon

.............

loser, deadbeat ceo's in telecom make tons of $ with no results. charter, sprint, rcn, quest, etc

i1me2ao
Premium Member
join:2001-03-03
TEXAS

i1me2ao

Premium Member

i still fail

to see where these morons are worth this much money to fail. i read they pay to attract talent, where in the hell is the talent???????????????????????
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