 
inteller
Sociopaths always win.
join:2003-12-08
Tulsa, OK | plus the added bonus.. ....putting the death star back together....priceless. | |
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Boomerang86
Got FUD?
Premium
join:2002-10-18
VampireState
clubs: | $158M? Geez... Isn't that more than Dick Grasso got?
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Life is a journey; death is a given. | |
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supergirl
join:2007-03-20
Pensacola, FL | Re: $158M? Grasso had to give a lot back. He got like $212 million for basically running a non-profit. | |
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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..
| Re: ambition's reward... 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 | Re: ambition's reward... 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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ccallana
Huh?
Premium,VIP
join:2000-08-03
Folsom, CA
1 edit | Re: ambition's reward... 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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»www.rsdhope.org
"We are not honest and open-minded explorers of reality; we are alienated from reality because we have made ourselves the center of the universe." Lesslie Newbigin | |
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DreamWraith
Premium
join:2004-04-07
Mount Vernon, WA
| Re: ambition's reward... said by ccallana :having a bunch of money is your success measurement, then this is ok I supposed... exactly... glad someone said it. | |
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RR Conductor
RailRoadDude
Premium
join:2002-04-02
Redwood Valley, CA | Re: ambition's reward... You can't take it with you as they say  | |
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join:2007-02-27
Riverbank, CA | Re: ambition's reward... No but that is why u have lots of kids. | |
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cdru
Go Colts
Premium,MVM
join:2003-05-14
Fort Wayne, IN
| 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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Go Colts | |
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RR Conductor
RailRoadDude
Premium
join:2002-04-02
Redwood Valley, CA
 ·Comcast
| Re: ambition's reward... 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. | |
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TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast
| Re: ambition's reward... said by RR Conductor :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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Internet News
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RR Conductor
RailRoadDude
Premium
join:2002-04-02
Redwood Valley, CA
·Comcast
2 edits | Re: ambition's reward... 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 | |
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FiL
Premium
join:2005-08-16
Silver Spring, MD | Re: ambition's reward... damn man. Never have I seen a post that so eloquently sums up my thoughts. TY.
GG. | |
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FiL
Premium
join:2005-08-16
Silver Spring, MD | "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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IGGY
No Guru Just Here To Help
Premium,MVM
join:2001-03-30
Chatham, IL
| You act as if they give that money to charity out of the goodness of their heart. Some of them very well may. I'm sure some are smart enough to realize that it is a benefit to society to try and give back when you have been given so much. Even when your the one who actually did the work to gain that wealth. Meaning you didn't inherit the funds. But lets keep this discussion honest. Most people who have a good amount of money donate to charity for one reason. It helps them with their tax bill at the end of the year. Ok maybe two reasons. The second being it's good PR - it makes them look like a good person. Rich people just can't live without that ego stroke.
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Cable Diagnostics
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phattieg
join:2001-04-29
Winter Park, FL
·Verizon Wireless B..
·Sprint Mobile Broa..
| Re: ambition's reward... 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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SIPPhone/Gizmo # 17476200648 / PIMPNET Chatline / Ran by Asterisk & Slackware 10.1. | |
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MysticGogeta
The Robot Devil
Premium
join:2005-03-14
League City, TX
clubs: | Re: ambition's reward... 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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Team Discovery-Join the fight | |
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Mizzat
Will post for thumbs
Premium
join:2003-05-03
Atlanta, GA
 ·AT&T Southeast
1 edit | Re: ambition's reward... 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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What has two thumbs and likes to help? | |
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MrBradTX
join:2001-05-23
Carrollton, TX
·RoadRunner Cable
| 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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phattieg
join:2001-04-29
Winter Park, FL
·Verizon Wireless B..
·Sprint Mobile Broa..
| Re: ambition's reward... said by MrBradTX :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. 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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SIPPhone/Gizmo # 17476200648 / PIMPNET Chatline / Ran by Asterisk & Slackware 10.1. | |
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Cabal
Premium
join:2007-01-21
Boston, MA
| 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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Interested in open source engine management for your Subaru? | |
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icp1
Premium
join:2000-10-13
Saint Louis, MO
clubs:
·AT&T DSL Service
| Re: ambition's reward... 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 | Where is the brilliant info that supports the brown noser comment? Is it just a hunch? | |
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T1 Rocky
join:2002-11-15
Dallas, TX
·Time Warner Cable
1 edit | Re: ambition's reward... Whitacre was miles away from a brown noser in my estimation. I think that what AT&T/SBC did under his leadership was incredibly unethical but not at all illegal. And he definately wasnt brown nosing anyone. His legacy to the country is that he sunk us down to the 15th most wired country in the world despite that we are a distant #1 in the resources and revenue available to us. He diverted the funds allotted to upgrade the countries infastructure into lobbying and instead restored a monopoly and entered into vertical markets. I would expect no less than for him to divert an absolute fortune away from the company and into his own pockets upon his retirement.
Whitacre and SBC/AT&T are just another example of how corporate America and lobbying are crippling growth/progress in America. Be it health insurance, pharmaceuticals, gas prices, military contracts or telecom until we start enforcing accountability all of these industries are only going to get worse.
Lobbyist dollars by industry 1998-2006
»www.opensecrets.org/lobbyists/ov···extype=i
Industry
Total
Pharmaceuticals/Health Products
$1,071,782,341
Insurance
$890,405,433
Electric Utilities
$791,423,338
Computers/Internet
$613,611,335
Business Associations
$608,134,482
Education
$546,819,773
Real Estate
$542,752,603
Oil & Gas
$523,068,361
Hospitals/Nursing Homes
$487,745,517
Misc Manufacturing & Distributing
$460,865,695
Air Transport
$459,059,615
Health Professionals
$458,848,039
Telephone Utilities
$456,694,204
Civil Servants/Public Officials
$424,895,444
Securities & Investment
$408,555,280
Misc Issues
$381,089,944
TV/Movies/Music
$379,036,314
Automotive
$374,232,923
Telecom Services & Equipment
$332,662,971
Defense Aerospace
$303,483,771
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RR Conductor
RailRoadDude
Premium
join:2002-04-02
Redwood Valley, CA
1 edit | Re: ambition's reward... At least until you know who leaves the you know what house, big business will continue to have free reign  | |
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RR Conductor
RailRoadDude
Premium
join:2002-04-02
Redwood Valley, CA
1 edit | Re: ambition's reward... They won't have as free of a reign though The current admin has sold America's soul for a mess of pottage. | |
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Chaoswar
Premium
join:2002-09-23
Northlake IL
| Re: ambition's reward... 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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RR Conductor
RailRoadDude
Premium
join:2002-04-02
Redwood Valley, CA
·Comcast
| 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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Chaoswar
Premium
join:2002-09-23
Northlake IL
1 edit | Re: ambition's reward... Hey have you heard of the Will Smith movie "The Pursuit of Happiness"? It's based on a true story so I guess maybe ANY KID might very well be able to accomplish as much as Whitacre. I won't count anyone out based on where their roots stem.
Some don't live their lives with defeatist attitudes. | |
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nixen
Rockin' the Boxen
Premium
join:2002-10-04
Alexandria, VA
·Cox HSI
·Speakeasy
| Re: ambition's reward... said by Chaoswar :Hey have you heard of the Will Smith movie "The Pursuit of Happiness"? No. Never heard of that movie. I did hear of The Pursuit of Happyness, however.
said by Chaoswar :It's based on a true story There are many movies that are based on true stories but are rather much different than the true story.
said by Chaoswar :so I guess maybe ANY KID might very well be able to accomplish as much as Whitacre. While the protagonist in The Pursuit of Happyness did quite well for himself, to say that it was anywhere near Whitacre's achievements is borderline laughable.
said by Chaoswar :I won't count anyone out based on where their roots stem. If you're saying that the world is equal opportunity, all that it takes is grit, then you are clearly delusional.
said by Chaoswar :Some don't live their lives with defeatist attitudes. Not a matter of defeatism - it's a matter of opportunity. Many things come from "networking" (i.e., knowing the right people). If you don't have the right background, you don't have access to the right networks. Certain opportunities will be forever closed because of it.
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Everyday, thousands of new cars are delivered to their new owners with poorly-selected radio station presets. | |
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Chaoswar
Premium
join:2002-09-23
Northlake IL
| Re: ambition's reward... Sorry that spell check annoyed you... lol
I never once said that there aren't people more fortunate than others. Who through birth, accident or some other means have a head start on the rest of the world. There are and that's how the world turns. As far as certain opportunities being forever "closed" to individuals because of that, maybe so!?
I was not trying to compare the level of success between Ed Whitacre and Christopher Gardner (The Pursuit of HappYness) but rather the idea of success due to determination. If you'd take a little time to read up about Ed he wasn't a "got rocks" either...
One may not be availed the same opportunities but that doesn't mean that they can't be successful.
My original point still stands and I can only hope I can direct my children to find such success.
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nixen
Rockin' the Boxen
Premium
join:2002-10-04
Alexandria, VA
·Cox HSI
·Speakeasy
| Re: ambition's reward... My contention wasn't that success is impossible for people from certain backgrounds but that it's not so cut-and-dried as "if you just try hard enough, you'll get there". It just ain't that simple.
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Everyday, thousands of new cars are delivered to their new owners with poorly-selected radio station presets. | |
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FiL
Premium
join:2005-08-16
Silver Spring, MD | hjahahahha. again, another good laugh.
NOW we're taking moral/civics lessons from movies...
Oh. what would Jesus do though???? | |
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Elf Wizard
Premium
join:2002-01-22
Mullica Hill, NJ
| sadly today you need a fancy masters degree from a place with lots of ivy on the walls and of course lots of connections to get into the 100mil parachute world of business. Factory Grunt to corperate office tower progression is a myth.
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[65 Arcanist]Filan(High Elf) Zone: Broadband Reports | |
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| Ga Dawg
join:2003-09-11
Marietta, GA
| Re: Being that this is ABC I would expect to see only Republica said by idjk :
It does seem that as a country we need to get back to where the BOSS (call him what you like)get a reasonable multiple of the average company pay, 10,20,50 but not 1000's as it seems to be going now.
Who's to determine what's "reasonable"? As it stands right now, the shareholders who actually own the company believe that CEO pay is quite reasonable. | |
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idjk
@sprintlink.net | Sorry about that tag line it was from some where else | |
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HiPlains
@qwest.net
| said by idjk :
It does seem that as a country we need to get back to where the BOSS (call him what you like)get a reasonable multiple of the average company pay, 10,20,50 but not 1000's as it seems to be going now.
The disparity of incomes is worse now then it has been in over eighty years. In fact, its worse now then the gilded age. Our free trade policy only applies to us. Most countries still favor tariffs etc.. to protect their local markets. The US used to protect its local markets but no more. Its all about outsourcing everything and giving companies a blanket check to crush unions, benefits and everything else to war against the middle class. Regardless of what anyone may say to this, its only been in the last 10 to 20 years that we have seen most of the industrial base go offshore and companies taking more control from workers and workers rights. After the gilded age, the US started a policy of some government regulation and helping with building unions etc.. Yes the ratio of CEO to worker used to be 15 to 1. But now its hundreds to 1. We are heading back to the gilded age. The only problem is that even if the government reverses some of the policies of the last few presidents.. the industrial base is already gone and not likely to come back. I am not a socialist. But this is what happens when corporations are given a blanket check with little or no regulation. Too much of anything is bad. To much regulation or too little. In this case too little and we have things like people extorting hundreds of millions from utility companies which are monopolistic in regions and are services that everyone needs to live. This guy should never have gotten this much retirement. | |
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RR Conductor
RailRoadDude
Premium
join:2002-04-02
Redwood Valley, CA
·Comcast
1 edit | Too much for one man I hope he does something good for the world with all of that money, feed the homeless, help animals, build homes for people, something, one man doesn't need that much. That's the one problem with the world, too many resources in the hands of too few, and the ones with too much aren't sharing with those who need it | |
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garyprud
join:2005-07-09
Prospect, KY | Hey Ed - remember meeee? Darn - wish I'd stayed in touch w/ Ed. I used to work for him when he was an up-n-comer division mgr. in Little Rock with the old Southwestern Bell Telephone Co. Well, you just never know how some people will turn out. | |
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xdeadhead
220, 221, Whatever It Takes.
Premium
join:2000-11-08
Mechanicsburg, PA | do you have any idea how much copper and/or fiber plant could be placed and/or repaired with that kind of money? big business can SMD.
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| RJ44
join:2001-10-19
Nashville, TN
| Re: do you have any idea said by xdeadhead :how much copper and/or fiber plant could be placed and/or repaired with that kind of money? big business can SMD. I'll bite. How much? | |
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xdeadhead
220, 221, Whatever It Takes.
Premium
join:2000-11-08
Mechanicsburg, PA | Re: do you have any idea i believe i asked the question first. in any case my response was rhetorical.
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join:2001-10-19
Nashville, TN
| Re: do you have any idea said by xdeadhead :do you have any idea how much copper and/or fiber plant could be placed and/or repaired with that kind of money? said by xdeadhead :i believe i asked the question first. in any case my response was rhetorical. Not to be nitpicky, but your original post didn't ask how much copper and/or fiber plant could be placed, it asked if WE knew how much could be placed. Usually when people phrase a question that way, it implies that they know the answer. | |
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Rob A
Same Old Jets
Premium
join:2005-01-17
Pompton Plains, NJ | Retirement Package? LOL, wtf? | |
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AT&T CEO's Retirement Package
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