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phattieg

join:2001-04-29
Winter Park, FL
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reply to Chaoswar
Re: ambition's reward...

said by Chaoswar See Profile :

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.


TKJunkMail
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1 edit
reply to phattieg
said by phattieg See Profile :

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
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said by TKJunkMail See Profile :

said by phattieg See Profile :

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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MysticGogeta
The Robot Devil
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League City, TX
clubs:
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
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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
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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
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join:2003-05-03
Atlanta, GA
·AT&T Southeast


2 edits
reply to phattieg
said by phattieg See Profile :

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
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said by Mizzat See Profile :

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
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1 edit
said by TKJunkMail See Profile :

said by Mizzat See Profile :

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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MrBradTX

join:2001-05-23
Carrollton, TX
·RoadRunner Cable

reply to phattieg
said by phattieg See Profile :

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.


ccallana
Huh?
Premium,VIP
join:2000-08-03
Folsom, CA


1 edit
reply to inteller
said by inteller See Profile :

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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DreamWraith
Premium
join:2004-04-07
Mount Vernon, WA

said by ccallana See Profile :

having a bunch of money is your success measurement, then this is ok I supposed...
exactly... glad someone said it.


RR Conductor
RailRoadDude
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join:2002-04-02
Redwood Valley, CA
You can't take it with you as they say


phattieg

join:2001-04-29
Winter Park, FL
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reply to MrBradTX
said by MrBradTX See Profile :

said by phattieg See Profile :

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.
Aww whatever, they just paid him off so he doesn't start another competing company. Think about it, it's in his contract...
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cdru
Go Colts
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join:2003-05-14
Fort Wayne, IN

reply to ccallana
How would you define success? Even taking away his sweet retirement package, I would still have said his career was an overall success. Sure money isn't everything, but there aren't too many people that are working for the sheer joy of working and refuse any salary above the minimum it takes to survive.
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RR Conductor
RailRoadDude
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join:2002-04-02
Redwood Valley, CA
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No, the problem is too many take too much, leaving too little for everybody else It wouldn't be as bad if those taking too much gave it to those who needed it, but more often than not they hoard it, and those who are in need stay in need.


TKJunkMail
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said by RR Conductor See Profile :

No, the problem is too many take too much, leaving too little for everybody else It wouldn't be as bad if those taking too much gave it to those who needed it, but more often than not they hoard it, and those who are in need stay in need.
Usually, those with a lot of money give quite a lot to charity. And they almost NEVER hoard it. The money is invested and creating jobs in many, many companies. Sure, there is some tasteless conspicuous consumption. But even that creates jobs for others making what they consume.
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RR Conductor
RailRoadDude
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2 edits
Reganomics aka voodoo economics aka trickle down doesn't work, the lower downs don't get trickled to, they get trickled on Looking at the world, I see a lot more going without than should, and there is a heck of a lot of hoarding. In this country especially, NO ONE should go without unless they want to, we are just too wealthy of a nation, there is simply no excuse. I don't argue they create many jobs with their wealth, but what kind of jobs, good paying benefit jobs people can support families on, or minimum wage, poverty level jobs with no benefits, I do believe businesses have a moral obligation as well as a monetary one.

The long quote on my member page pretty much sums up how I feel about giving I will probably lose this one, but no matter, this is how I feel about things. Despite how I sound, I do agree with a lot of what you say


FiL
Premium
join:2005-08-16
Silver Spring, MD
reply to TKJunkMail
"Usually, those with a lot of money give quite a lot to charity. And they almost NEVER hoard "

HA!

hahahahahahahhahaahhahahahah. that made my nite.
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