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Forums » FairPoint CEO's Base Pay Jumps 30% » better idea
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Let's Reward Failure »
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patcat88

join:2002-04-05
Jamaica, NY

reply to pnh102
Re: better idea

said by pnh102 See Profile :

said by n2jtx See Profile :

Better yet, don't give them a pay raise and tell them to hit the road. Then replace them with someone competent.
Blame the shareholders who allow for this type of thing to occur.
Yep, its the old boys club. Even if you own stock, your vote is meaningless »finance.yahoo.com/q/mh?s=FRP, and any single person investors always proxy their vote away anyways.


TKJunkMail
Enjoy the sun
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join:2002-03-03
Avalon, NJ
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said by patcat88 See Profile :

Even if you own stock, your vote is meaningless »finance.yahoo.com/q/mh?s=FRP, and any single person investors always proxy their vote away anyways.
I don't. I always vote for what I think is best for me. But I admit I am in the minority.
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Ammler
Premium
join:2005-04-19
Pittsburgh, PA

But shouldn't you be voting what is good for the company as a whole vs what is good for you? Again, isn't this still part of the problem?

In this case, I would think that instead of increasing the CEO's compensation, diverting those funds into badly needed operational improvements is the ideal solution here.
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Forums » FairPoint CEO's Base Pay Jumps 30%Let's Reward Failure »
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