Chaoswar
Premium
join:2002-09-23
Northlake IL
1 edit | ambition's reward...
I personally see this as the ultimate reason to teach our children about drive and ambition.
You may not agree with Ed Whitacre's practices or policies but he broke out the American dream and lived it. Learn, have drive, be ambitious and reach for the top and you get compensated for it. |
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phattieg
join:2001-04-29
Winter Park, FL
 ·Verizon Wireless B..
·Sprint Mobile Broa..
| said by Chaoswar  :I personally see this as the ultimate reason to teach our children about drive and ambition. You may not agree with Ed Whitacre's practices or policies but he broke out the American dream and lived it. Learn, have drive, be ambitious and reach for the top and you get compensated for it. Yeah, brown nose, rip off others, and sell your company to anyone with enough money. I guess he did the right thing more than once...
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inteller
Sociopaths always win.
join:2003-12-08
Tulsa, OK | that is essentially the recipe for success. Anyone who told you differently was whitewashing reality. Don't listen to what they tell you in graduation speeches...business is corrupt. |
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TKJunkMail
Enjoy the sun
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join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
 ·Comcast
1 edit | reply to phattieg
said by phattieg : and sell your company to anyone with enough money. SBC(his company) BOUGHT AT&T, not the other way around. And anyway, neither was his company - it was the shareholders.
But your errors aside, this is just one more reason that shareholders must start doing more to keep CEO compensation under control.
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phattieg
join:2001-04-29
Winter Park, FL
·Verizon Wireless B..
·Sprint Mobile Broa..
| said by TKJunkMail :said by phattieg : and sell your company to anyone with enough money. SBC (his company) BOUGHT AT&T, not the other way around. And anyway, neither was his company - it was the shareholders. Thanks for your correction, but unfortunately I still feel he is a brown noser, and not worth that much money, but I am the peasant, he is the king, so who am I to complain... 
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Cabal
Premium
join:2007-01-21
Boston, MA
| reply to Chaoswar
said by Chaoswar :I personally see this as the ultimate reason to teach our children about drive and ambition. You may not agree with Ed Whitacre's practices or policies but he broke out the American dream and lived it. Learn, have drive, be ambitious and reach for the top and you get compensated for it. Hear, hear.
And queue up the salary whiners in 5... 4... 3...
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icp1
Premium
join:2000-10-13
Saint Louis, MO
clubs:
 ·AT&T DSL Service
| I don't begrudge a CEO a few million a year in salary.
My problem (as a shareholder no less) is that he was paid probably $100 million plus for the three to five years where the stock price went down 40% and stayed there.
Not to mention the fact that his "retirement" includes piddly things like $24k a year for a car -- you've made a billion dollars in your career and you need the company to pay for your car?
It's all a big scam where the people who decide your salary are people whose salary you decide, a little too much inbreeding for my money (literally). |
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brown bulldozer
@rr.com | reply to Cabal
Where is the brilliant info that supports the brown noser comment? Is it just a hunch? |
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MysticGogeta
The Robot Devil
Premium
join:2005-03-14
League City, TX
clubs: | reply to phattieg
When your getting close to 150 million on retirement you have to think "Damn he must be doing something right" You don't brown nose that much.
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phattieg
join:2001-04-29
Winter Park, FL
·Verizon Wireless B..
·Sprint Mobile Broa..
| Yeah, he ripped everyone off. I don't care what you say, the bottom line is this "pay-off" retirement could be reflected in cheaper rates for the company. But of course that won't happen. So yes, I am complaining and whining, but it doesn't matter. Isn't that what these forums are all about anyway??? ::shrugs::
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MysticGogeta
The Robot Devil
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join:2005-03-14
League City, TX
clubs:
·Comcast
1 edit | True but it's short founded I would love to be in his shoes right now with millions of dollars  *shrugs* but I'm broke like most of us here.
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Mizzat
Will post for thumbs
Premium
join:2003-05-03
Atlanta, GA
·AT&T Southeast
2 edits | reply to phattieg
said by phattieg :Yeah, he ripped everyone off. I don't care what you say, the bottom line is this "pay-off" retirement could be reflected in cheaper rates for the company. But of course that won't happen. So yes, I am complaining and whining, but it doesn't matter. Isn't that what these forums are all about anyway??? ::shrugs:: Cheaper rates? You don't realize how small that amount is to the company, do you? Last quarter the comapny made 29.4 billion in revenue. His retirement package is about half a percent of that. So if your bill is $100, you would get 50 cents off your bill for 3 months. A whopping $1.50 off over 3 months. There are smaller companies that have paid more to CEOs that where with the company for only a couple years. The man was with the company for 44!
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TKJunkMail
Enjoy the sun
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join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast
| said by Mizzat :Last quarter that made 29.4 billion in profits. his retirement package is about half a percent of that. That number was revenue; not profits.
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Mizzat
Will post for thumbs
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join:2003-05-03
Atlanta, GA
·AT&T Southeast
1 edit | said by TKJunkMail :said by Mizzat :Last quarter that made 29.4 billion in profits. his retirement package is about half a percent of that. That number was revenue; not profits. Yup, revenue is what he pays per month, I didn't make a mistake using that number, just in my typing of it. Good catch. I did make a mistake in my math, he wouldn't even get back a penny, it would be fractions of a cent.
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morbo
Complete Your Transaction
join:2002-01-22
00000
clubs:
·Charter Pipeline
·AT&T Southwest
| reply to Chaoswar
said by Chaoswar :I personally see this as the ultimate reason to teach our children about drive and ambition. You may not agree with Ed Whitacre's practices or policies but he broke out the American dream and lived it. Learn, have drive, be ambitious and reach for the top and you get compensated for it. ugh.
the argument is out there that he has put AT&T on the wrong path for the future by avoiding fiber and the continued reliance upon old technology. the future of AT&T was in this guy's hands, and he focused more on stock prices than making sure the company is secure in 10 years.
please don't hold this guy up to the children as something they should emulate. |
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Chaoswar
Premium
join:2002-09-23
Northlake IL
| Please!!!!!
I want my children to get an education. Find a job and career they are good in and are successful. Ed Whitacre did just that. We can play the game "If I was him I'd have..." all day and miss the point altogether. He had a career that spanned 44 years he worked his way up to the top of his field. Successfully ran and help reorganize a company that's gross profits are in the tens of billions each year.
Now he is retiring and being rewarded for that effort. I can only hope for my children to be as successful.
The "future" you're talking about isn't set in stone and perhaps Ed Whitacre's successor will be more to your liking. But as an individual he's made a success out of his life and that should be recognized. |
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MrBradTX
join:2001-05-23
Carrollton, TX
·RoadRunner Cable
| reply to phattieg
said by phattieg :Yeah, he ripped everyone off. I don't care what you say, the bottom line is this "pay-off" retirement could be reflected in cheaper rates for the company. $150-ish million in retirement for Whitacre turned back into cheaper rates == one dollar off everyone's phone bill for one month. Big whoop.
For spending 44 years with the Death Star, he can have TWO dollars from my phone bill. |
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morbo
Complete Your Transaction
join:2002-01-22
00000
clubs:
·Charter Pipeline
·AT&T Southwest
| reply to Chaoswar
said by Chaoswar :The "future" you're talking about isn't set in stone and perhaps Ed Whitacre's successor will be more to your liking. But as an individual he's made a success out of his life and that should be recognized. if success, as you define it, is a 44 year career, then you are correct. he's a success.
the future of this huge company rested on his direction. i believe he made some very poor decisions that, in the long run, will cost shareholders money and employees their jobs. to me, that is not success.
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RR Conductor
RailRoadDude
Premium
join:2002-04-02
Redwood Valley, CA
·Comcast
| reply to Chaoswar
said by Chaoswar : Learn, have drive, be ambitious and reach for the top and you get compensated for it. That isn't always the case, unless perhaps you are talking about fairy tales. |
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ccallana
Huh?
Premium,VIP
join:2000-08-03
Folsom, CA
1 edit | reply to inteller
said by inteller :that is essentially the recipe for success. I guess it depends on how you define "success" - if having a bunch of money is your success measurement, then this is ok I suppose...
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