September 30, 200818 yr From my work experience, the level of difference between mid management and upper management isn't nearly worthy of the difference in pay scale and benefits. What I've most often seen in the difference in high level people and mid level people, has little to do with talent and leadership, but more with networking and social status. I don't neccessarily disagree but few organizations extending these contracts are willing to take a chance on bringing up a mid level executive, particularly from outside the organization. Thus, they hire the CEO from another organization, and to do that they offer these extravagant contracts to lure them away.
September 30, 200818 yr From my work experience, the level of difference between mid management and upper management isn't nearly worthy of the difference in pay scale and benefits. What I've most often seen in the difference in high level people and mid level people, has little to do with talent and leadership, but more with networking and social status. Who in the world could be worth 14 million for three weeks work?
September 30, 200818 yr Hearsay I don't claim to have the market understanding of you or many others but with what I do know I came to the same conclusion quite a while ago. Unfortunately until now many people simply saw gluttony as a good thing, to say otherwise would obtain the label label one a socialist or anti free market. With the failure to pass the buyout, I think the nation is starting to look at itself differently. Free market economics are good and they work if the proper principals are applied. By "proper principals" I mean a respect to responsible business growth. The banks were irresponsible in giving, the people were irresponsible in taking bad and risky credit. It is hard to get around the fact that deregulation put power and responsibility in the hands of the banks, and they misused it. In theory, though, a free-market is self-correcting. So these bad decisions and poor corporate structure will be corrected by the bust, and until then the market won't boom, to be cliche. Which is correct, I believe, but is there a way to reap the benefits of the boom without the perils of the bust? I don't know. I suppose economists have been trying to figure that out for a century or more. I, however, have a difficult time believing that the government can restore responsibility to consumers and businesses. I also think many contributors of this mess and faults in the system (executive pay) won't be corrected without a complete restructuring, which I don't think the government is capable of either. It's a crummy situation across the board.
September 30, 200818 yr Who in the world could be worth 14 million for three weeks work? Me! (...at least, in my own mind!)
September 30, 200818 yr Who in the world could be worth 14 million for three weeks work? No one, but obviously the board didn't plan on a 3 week tenure. I certainly don't blame the ceo for negotiating a sweet contract. I would imagine he left a pretty nice set up in order to take the position. Who would want to leave a top level position to go into a hornets nest without protection?
October 1, 200818 yr ttt I just emailed my thoughts to Rep. Geoff Davis, and Senators Bunning and McConnell. I urge everyone else to do the same.
October 1, 200818 yr I don't know exactly how to start....maybe.... Dear Elected Officials: I'm one of the "middle class", "main street" Americans. I don't have a lot of expendable income and got myself into a bind a couple of years ago by working two jobs, one full time, and the other nearly full time, and bumping myself up in the tax bracket. I am now paying of ~$3,000 in federal income tax that I incurred trying to make enough money to pay my bills. I oppose the bail out as it will only add to my current tax burden, and I didn't exactly get anything out of it. So, if you're willing to just write off my ~$3000, I might be willing to change my mind. Waiting patiently with bated breath, Rockmom
October 2, 200818 yr I have emailed them each twice to not to vote for the bill. I will be shocked if McConnell votes against it. Bunning I think might.
October 2, 200818 yr I have emailed them each twice to not to vote for the bill. I will be shocked if McConnell votes against it. Bunning I think might. I hope you are wrong about McConnell. I can't and won't vote for Lungford and if McConnell voted for this bill I guess I won't be voting in the Senate race.
October 2, 200818 yr I hope you are wrong about McConnell. I can't and won't vote for Lungford and if McConnell voted for this bill I guess I won't be voting in the Senate race. McConnell voted for the bill. Bunning voted against it.
October 2, 200818 yr ttt I just emailed my thoughts to Rep. Geoff Davis, and Senators Bunning and McConnell. I urge everyone else to do the same. Curious cch, did you get a response?
October 2, 200818 yr Curious cch, did you get a response? Not via email. I may get something in the mail (I think Bunning responds that way). I have the same first name of my father, so I figured that I might get a response based on the fact that he has actually accomplished something in this world (unlike me), but I guess he is as unimportant to them as I am.
October 3, 200818 yr We are just as guilty applying for a $300,000 loan on $30,000 per year income as the banks are for lending it to us. Amen
Archived
This topic is now archived and is closed to further replies.