 jester121Premium
join:2003-08-09
Lake Zurich, IL
 ·voip.ms
| Blah blah blah... The typical parade begins... same as the "I'll take $10 million to go 3 minutes with Mike Tyson (back in the day)" or "I'll take $600k to play an NFL football game..." It's not the 3 minutes or the single fiscal year that earns these people their money -- it's the lifetime of experience, work, long hours, etc.
Give it some thought -- why do you think these executives earn so much? Don't you think maybe the board of directors thinks they're worth it? Clearly SOMEONE does, because corporations don't generally pay ANYONE more than they're worth -- janitors, factory workers, vice presidents, or CEOs.
Don't forget -- if you really wanted to get paid that much, I mean really wanted it, it's only your own fault that you aren't. |
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 DotMac4Shill H8rPremium
join:2007-10-26
Huntington Beach, CA
2 edits | Welp, with Sirius losing a billion a year with no end in sight, I'm not sure shareholders are getting their money's worth.
Executives deserve it only if they EARN money for their shareholders. Getting freebees from an equally inept BOD doesn't make it right.
These executives should do well ONLY if the company they run does well. They should get nothing if the company loses money quarter after quarter after quarter. |
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Reviews:
·magicjack.com
| reply to jester121
said by jester121:Don't you think maybe the board of directors thinks they're worth it? Clearly SOMEONE does, because corporations don't generally pay ANYONE more than they're worth -- janitors, factory workers, vice presidents, or CEOs. The boardrooms of most corporations are based largely based upon "I'll scratch your back, you scratch mine." Frequently officers of other corporations with a vested interest in the corporation under discussion are invited to be on the board. (Maybe they administer the 401k or stock option plan, or provide other services.). In this way they are compromised and more likely to go along with crowd.
It's also false to describe corporations in the context of merely a "free market" (janitors up to CEOs are paid only what the "market will bear."). The corporation is a legal entity, as real as you or I, who's artificial existence derives from public law. I comes into existence through the acts of States Legislature. Purchased (usually) for the paltry sum of $500 and an agreement to conduct the corporation in a certain manner (regular meetings, record keeping, etc.).
I'm all in favor of the free market. But, there's nothing "free" about going to the State to obtain an artificial legal entity designed solely to shield officers and owners from their personal liability for their actions. They can loot the business, and when it fails they are not personally responsible for the debts of the corporation.
If society is solicited for this kind of moderation of an otherwise free market, I think it's perfectly acceptable for that same society to expect a higher degree of conduct from the recipients, including more equitable distribution of wealth.
There's nothing coercive about this reasoning. If business owners/investors don't like it, they can rename a privately held company and do what they want (and be personally responsible for their actions, including debts).
Mark |
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| reply to jester121
Any CEO who overuses lawyers to bully the competition and local government officials to further their monopolostic endeavors deserves terrible things. I wouldn't be speaking about SBC/AT&T. Never. |
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DotMac4Shill H8rPremium
join:2007-10-26
Huntington Beach, CA | As opposed to overbullying subscribers with endless price increases, ever worsening customer service, traffic shaping and phantom caps. I wouldn't be speaking about Comcast. Never. |
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jester121Premium
join:2003-08-09
Lake Zurich, IL | reply to DotMac4
Shoulda, woulda, coulda. Put up your money, get yourself and some friends on the board, and rewrite the corporate governance. And watch the market laugh at you and tank your stock price. |
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DotMac4Shill H8rPremium
join:2007-10-26
Huntington Beach, CA
1 edit | Certainly couldn't do worse than Mel Karmazin. My small business actually makes a profit, unlike Karmazin's. |
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jester121Premium
join:2003-08-09
Lake Zurich, IL Reviews:
·voip.ms
| said by DotMac4:Certainly couldn't do worse than Mel Karmazin. My small business actually makes a profit, unlike Karmazin's. Fair enough. If some search committee somewhere thinks you're competent to run a multi-million dollar enterprise, I'm sure they'll be calling very soon. |
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