  screavic4Premium
join:2006-08-11
Paron, AR
kudos:1 | Maybe just me... If my "management" wasn't doing the right things to keep the company afloat I would be trading them out for newer more innovative "executives" | |
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 hopeflickerCapitalism breeds greedPremium
join:2003-04-03
Long Beach, CA
kudos:1
1 edit | umm... 24 Million going to keep 4 CEOs?
Another over paid CEO  | |
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| | | | Re: umm... Truth doesn't equal jealousy.  | |
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| NormanSPremium,MVM
join:2001-02-14
San Jose, CA
kudos:4 Reviews:
 ·SONIC.NET
·Pacific Bell - SBC
| There can only be one. CEO, that is. Probably also a CFO, COO, and a CTO.
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Norman
~Oh Lord, why have you come
~To Konnyu, with the Lion and the Drum | |
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| | Dumb Ridiculous. As a free-market supply-sider, I'm here to tell you: no CEO is worth that much money. | |
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| | | Re: Dumb Especially not that pack of idiots. They took a dying company and rammed it right into the ground. I quit around Smit's 6 month mark and its only got worse since I left. | |
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| | | | Re: Dumb said by ender7074:Especially not that pack of idiots. They took a dying company and rammed it right into the ground. I quit around Smit's 6 month mark and its only got worse since I left. They have been the best management team in the history of Charter, which is why when the emerge from Chap 11, they will be much better off. Maybe you can come back and answer phones again if you want. | |
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| | | Reviews:
·AT&T Southeast
| Re: Dumb Riiiiiiiiight. Keep dreaming. I still know pleanty of people there that answer phones and that are quite a bit above that. The place is a trainwreck and will continue to be under the execs that are running the place. Oh, and there is no force on Earth that would ever get me to go back to working at that hell hole, answering phones (which I did) or working above that (which I also did). I did my time in Commons and in the Corp building. Never again. Also it seems that you are being condescending when mentioning working on the phones. You might be careful with that. There's pleanty of people there that started on the phones and they have a much better grasp of whats going on than some idiot hired off the street... | |
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| | | | | | Re: Dumb said by ender7074:Riiiiiiiiight. Keep dreaming. I still know pleanty of people there that answer phones and that are quite a bit above that. The place is a trainwreck and will continue to be under the execs that are running the place. Says who? The people taking trouble calls all day? Yeah, lots of master degree and professional types there. Things always look bad from the pits of any company. Find me one person who enjoys taking call from people all day, and I have a bridge to sell you.
said by ender7074:There's pleanty of people there that started on the phones and they have a much better grasp of whats going on than some idiot hired off the street... Yeah, lol, say you and the people who are only qualified to answer phones, and fix billing boo boos all day. Stick to what you know, you'll live longer. I do say, people who answer phones for companies usually do have all the answers. At least they think they do. It's not condescending, it's truth. Accept the fact you probably don't know anything and you'll see the bigger picture. | |
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·AT&T Southeast
1 edit | Re: Dumb Its all good. You just don't know better. Oh, and there were pleanty of people with degrees, from associates up to masters degrees, in the call centers myself included. I know people at the NSOC, in the corporate building in the internet security department, network admins, along with several people way up the chain in sales (if they are still there). You may think that the idiots that are running that place into the ground are doing a fine job but no one else does. You appear to not know what you are talking about so maybe YOU should stick with what you know instead of being some mystery poster that seems to think that Charter is some wonderful place. | |
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| prodyn
join:2003-08-20
Orchard Park, NY | said by gopnick:Ridiculous. As a free-market supply-sider, I'm here to tell you: no CEO is worth that much money. Then you are no free-market supply-sider. Besides which, we are not currently, nor have been for a long while, living in a free-market economy.
Presuming a free-market if a company is left to their own, they will succeed or fail based on what people are willing to pay for that companies goods or services.
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-- Prodyn | |
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| | | | Re: Dumb said by prodyn:Then you are no free-market supply-sider. I was hoping someone would say that. If you allow the free-market to dictate how much a CEO is worth, they are not worth the millions that many of them are paid. They have enough friends on the board of directors to get those massive salaries, but they do not return on the investment for the company. The real company owners, the shareholders, get run right over. Most of them don't even have voting shares, but they are the backbone of the company. The laws are written to protect these guys in a very UN-free kind of way.
You are about one thing though: we are not a free-market based economy. | |
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| Sammer
join:2005-12-22
Canonsburg, PA | Re: You guys don't get it Maybe there's need to be a drain of the talent to fail. | |
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|  en102Canadian, eh?
join:2001-01-26
Valencia, CA | said by spewak:If those TOP executives aren't retained, they could go elsewhere. There would be a talent drain. Seriously, that argument and all the others that are similar in nature, to wit AIG, are being exposed for the money grab that we all knew they were along time ago. Douchebags!!! The only problem with them leaving - is that they typically stuff their golden parachutes in a way that makes it painful to get rid of a CEO in a short period of time (i.e. A CEO with a 20 million golden chute - you may want to keep him/her around for a bit to absorb that cost). | |
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| |  JigsawStardust We ArePremium
join:2000-10-21
Cleveland, OH
1 edit | Re: You guys don't get it said by en102:said by spewak:If those TOP executives aren't retained, they could go elsewhere. There would be a talent drain. Seriously, that argument and all the others that are similar in nature, to wit AIG, are being exposed for the money grab that we all knew they were along time ago. Douchebags!!! The only problem with them leaving - is that they typically stuff their golden parachutes in a way that makes it painful to get rid of a CEO in a short period of time (i.e. A CEO with a 20 million golden chute - you may want to keep him/her around for a bit to absorb that cost). A Bullet Costs about what 3 cents and then they could Charge his family for it......About the only idea I like that came out of china  .
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"It's called the American dream because you have to be asleep to believe it."-George Carlin
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| | | As said by spewak:
Douchebags!!!
That's all!! | |
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 funchordsHelloPremium,MVM
join:2001-03-11
Yarmouth Port, MA
kudos:5 | WaitJustASecond.... This Deal is Too Sweet If Charter is going into Bankruptcy, isn't an administrator put in charge that has to approve these things? If Charter can do this deal without bankruptcy protection, fine. But if Charter can't get its vendors to cooperate, then Charter shouldn't get to decide how this plays out.
--
Robb Topolski -= funchords.com =- World Traveller -- KJ7RL
... Do something! ... | |
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| | | Re: WaitJustASecond.... This Deal is Too Sweet for once i agree with you on that. | |
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| Lazlow
join:2006-08-07
Saint Louis, MO | That is a beauty of a pre packaged Chapter 11. Everything is already set in stone BEFORE they file. The courts love these becuase all they have to do is rubber stamp them. All the major debt holders have already signed off, so there is nothing left to fight over. | |
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| zed260Premium
join:2007-09-30
Cleveland, TN
kudos:1 | Re: Is this the same "Apollo" group? yep looks like it | |
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| | | That is Apollo Management (Real Estate) not Apollo Group!!!
Different bird! | |
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| | $24 million? The joke's on them. I would have run the company into the ground for a $10 million bonus. | |
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| Sammer
join:2005-12-22
Canonsburg, PA | Re: $24 million? said by Goldman:The joke's on them. I would have run the company into the ground for a $10 million bonus. Do we hear $1 million? | |
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 chd176
join:2003-01-10
Winfield, AL
·CenturyLink
| April fools? Is it just me or does it seem rather hilarious that charter is filing for bankruptcy on april fools day, meh
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10,000/768 CenturyTel PPPoE DSL line (really 5,000/768  ) Now it's really 1500/256...again lol | |
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Lazlow
join:2006-08-07
Saint Louis, MO | Who will hold the power? First, even if Apollo Group holds the majority of the stock it does not necessarily mean they hold the majority of the voting stock.
Second, is the Apollo Group just another one of Allen's corporate fronts? He has used corporate fronts up until this point to maintain a controlling interest in the voting stock, so it would not surprise me if this is just another example. | |
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|  AMDUSERPremium
join:2003-05-28
Earth
kudos:1
 ·RoadRunner Cable
| Re: Who will hold the power? No, the Apollo Group in a non Paul Allen entity..
They (do or will) own quite a bit of the equity, that is the actual assets like cable systems, trucks etc. It is doubtful Paul Allen would sink any more money into this company right now.
The reason they will is because they own quite a few bonds that are going to be converted into equity in the 'new' Charter. The company also does work the the Carlyle Group, which bought Verizon's Hawaii operations.
»www.bloggingbuyouts.com/2008/01/···o-group/
Paul Allen will own 3% of the company and 35% of the control after the Bankruptcy filing.. this was necessary to avoid change of control provisions in the rest of the companies debt that required it. | |
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 atuarreHere come the drumsPremium
join:2004-02-14
College Station, TX
1 edit | RE No...noooooo...noooooooooooooooooooooo.
This is all hog wash. Charter is too big to fail. At this very moment, in closed meetings, the Obama administration, and the congress are looking at ways to provide charter with billions in funds. It would hurt the US cable industry if Charter failed. Shortly after Charter was bailed out, news was made available to the public of bonuses that had to be paid to Charter's executives because of contractual obligations. | |
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| Lazlow
join:2006-08-07
Saint Louis, MO | Re: RE You do of course realize that the AIG thing started under Bush? | |
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