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10-06-2011, 07:51 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,916
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Quote:
Originally Posted by whell
Why should it matter to you what someone else makes....unless you're envious...
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... or a stockholder in the company.
__________________
As long as the roots are not severed, all will be well in the garden.
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10-06-2011, 07:55 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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The shareholders understand the concept of buying talent, and the concept of ousting a CEO when he/she fails to maximize shareholder value.
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10-06-2011, 08:15 PM
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Senior Member
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Join Date: Aug 2011
Location: Derby City U.S.A.
Posts: 8,213
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Quote:
Originally Posted by whell
The shareholders understand the concept of buying talent, and the concept of ousting a CEO when he/she fails to maximize shareholder value.
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"O" if that were true, but the majority of the voting stock in a company is held by very few people. Those few people run in the same circles so I venture to say voting a poor performer out will not happen to often. Just give them a golden parachute and move on.
Were do you think the mega millions in salary's come from anyway? Out of thin air? No out of yours and my pockets.
Now if the people who own stock were to vote only once no matter how many shares they own it might be different.
Barney
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10-06-2011, 08:43 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,916
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Quote:
Originally Posted by whell
The shareholders understand the concept of buying talent, and the concept of ousting a CEO when he/she fails to maximize shareholder value.
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Did you read the article in the OP? It talks about CEO's making untold millions while their company is losing money. Also, the differential today between CEO and worker pay is higher than ever. American corporate performance isn't commensurate with their pay (say I, a shareholder in many US companies).
Compensation isn't based upon performance, it's based on how much the executive compensation committee can squeeze out of the company for their friends and colleagues, the executives. Take a peak at this article to say how it really works:
http://www.washingtonpost.com/busine...PJL_story.html
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As long as the roots are not severed, all will be well in the garden.
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10-06-2011, 08:52 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by Oerets
Were do you think the mega millions in salary's come from anyway? Out of thin air? No out of yours and my pockets.
Barney
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Did an evil CEO show up at your house and steal money out of your pocket?
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10-06-2011, 08:54 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,916
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Quote:
Originally Posted by whell
Did an evil CEO show up at your house and steal money out of your pocket?
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Nope, he had his handpicked Executive Compensation Committee do the dirty work for him.
__________________
As long as the roots are not severed, all will be well in the garden.
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10-06-2011, 08:56 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by finnbow
Did you read the article in the OP? It talks about CEO's making untold millions while their company is losing money. Also, the differential today between CEO and worker pay is higher than ever. American corporate performance isn't commensurate with their pay (say I, a shareholder in many US companies).
Compensation isn't based upon performance, it's based on how much the executive compensation committee can squeeze out of the company for their friends and colleagues, the executives. Take a peak at this article to say how it really works:
http://www.washingtonpost.com/busine...PJL_story.html
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I think you're way over-generalizing from way too few specifics. It may work that way at some firms, but by far and away certainly not all.
But again, so what? What does it matter what someone makes?
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10-06-2011, 08:56 PM
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Banned
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Join Date: Nov 2009
Location: The Open Border
Posts: 5,126
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Quote:
Originally Posted by finnbow
Did you read the article in the OP? It talks about CEO's making untold millions while their company is losing money. ]
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That bugs the Hell out of me.
I'm not a fan of unions, but these clowns always talk about how merit pay would go away with a union and how that's a bad thing.
Why is it the guys on the top get merit pay when the company is losing money?
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10-06-2011, 09:05 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,916
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Quote:
Originally Posted by whell
I think you're way over-generalizing from way too few specifics. It may work that way at some firms, but by far and away certainly not all.
But again, so what? What does it matter what someone makes?
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From the linked article in the OP:
Shareholders at the company, one of the nation’s largest biotech firms, had lost 3 percent on their investment in 2010 and 7 percent over the past five years. The company had been forced to close or shrink plants, trimming the workforce from 20,100 to 17,400. And Sharer, a 63-year-old former Navy engineer, was already earning lots of money — about $15 million in the previous year, plus such perks as two corporate jets. The board decided to give Sharer more. It boosted his compensation to $21 million annually, a 37 percent increase, according to the company reports.
Then I post an article showing that the compensation committee were chums handpicked by this very executive. And you see nothing wrong with this? WTF??
__________________
As long as the roots are not severed, all will be well in the garden.
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10-06-2011, 09:09 PM
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Loyal Opposition
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Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
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Quote:
Originally Posted by whell
Why should it matter to you what someone else makes....unless you're envious...
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or an employee with stagnant wages - or worse yet, laid off. Or a consumer whose choices in products becomes limited because CEO's justify soaking the company by cutting expenses - other than executive salaries.
Regards,
D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
Last edited by d-ray657; 10-07-2011 at 09:07 AM.
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