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koitsu
Premium,MVM
join:2002-07-16
Mountain View, CA
kudos:23

1 recommendation

reply to FFH5

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

said by FFH5:

...
So what you're essentially saying is that the "business concept" -- that is to say, the methodology used to decide and negotiate said CEO's salary -- is flawed. If so: I'll agree with that.

But if that's true, I'm wondering why you own shares of any company? Seems you'd be smarter than to risk investing in something that's as shaky as stocks.

I'm one of those people that says "stock isn't real/worth anything until its cash in your bank account". This blows the minds of most people, especially those who put a lot of focus on stock and options. I don't believe in the stock market as a whole (read: I don't believe it's an effective economic environment), because all it amounts to these days is a form of legalised gambling. Every person -- I repeat, every person -- I know who owns stock in companies or "plays the market" is doing so for one reason: to try and make money. They really couldn't care less if there's economic repercussions from this idiocy (like said CEO's contractually-negotiated salary) -- they just want their money. The company they invested in fails? They still want their money. It's like a casino where no one loses... except those who don't go to the casino. Someone has to lose, and "who cares, as long as it's not me!"

Please don't take what I say on a personal level (honestly, please don't), I just think the sooner we stop basing our economic stature around something as fallible as the stock market -- which indirectly means hiring CEOs like this chucklef*** and other whatnots, ditto with allowing these fools to be given such large sums of material wealth (whether it be in shared or in cash) -- the sooner the country as a whole will be better off. Today's mentality behind how to build a company and how to run a company is bad, because the driving force is bad.

Even if Smit was to quit Charter right now and walk, he'd be hired at some other company (and probably not a start-up) to "fix things", and continue his downward spiral, destroying things as he goes. What is it going to take for people to put a lid on folks like this? Seriously: these people can walk in, destroy a company, and walk out like there's no repercussions of their decisions or actions. Don't argue with me either, because this kind of "business behaviour" has been going on for quite some time now.

I seriously feel like the only person on Earth who doesn't focus on monetary or material gain. If I want money, I work 40 hours a week, and do actual effort. If my efforts are crap, I'm fired -- it's that simple. And that's exactly how it should be when it comes to these shmucks...
--
Making life hard for others since 1977.
I speak for myself and not my employer/affiliates of my employer.


FFH5
Premium
join:2002-03-03
Tavistock NJ
kudos:5
said by koitsu:

Don't argue with me either, because this kind of "business behaviour" has been going on for quite some time now.

I seriously feel like the only person on Earth who doesn't focus on monetary or material gain. If I want money, I work 40 hours a week, and do actual effort.
Who could argue with you? Your mind is made up. Why bother?
--
My BLOG .. .. Internet News .. .. My Web Page

patcat88

join:2002-04-05
Jamaica, NY
kudos:1
reply to koitsu
said by koitsu:

I seriously feel like the only person on Earth who doesn't focus on monetary or material gain. If I want money, I work 40 hours a week, and do actual effort. If my efforts are crap, I'm fired -- it's that simple. And that's exactly how it should be when it comes to these shmucks...
Sounds like you want a capitalism/bourgeoisie free world, goto Laos, North Korea, Cuba, or Burma.

Making money by only owning money is the american way. If that doesn't work, start a bank, and print money yourself (federal funds loan currently .25% APR / sell 39.95% APR loans to anyone with a SSN and a pulse, then securitize the loan away), or you can do the old fashioned insider trading, and split the profits with the CEO through a Cayman bank account.