The parasitic executive scum thread

[Az]

I know, paiktis, I know. I was kidding. We have that here as well, just as everyone else.

[Boris Godunov]

Az, I thought you had yourself banned?

[RGBVideo]

SONERA

[MosesPresley]

Has anyone here read Arianna Huffington's, "Pigs at the Trough"? It is full of tales of CEO's pirating from their corporations, bilking the employees and shareholders out of billions, by taking interest free loans and not paying them back among other things. It is a very good read if anyone is interested. Warning, this book is infuriating. Only the most jaded corporate apologists will be apathetic.

[MikeH]

I want someone to come in here and post, actually I am a corporate director who gets paid millions a year and I work really hard for it.

[Arrian]

I'm sure someone could make a DL and accomodate you, Mike.

-Arrian

[MikeH]

In a sexual way?

[Arrian]

Go have a look at the Babe thread. That might help.

-Arrian

[Provost Harrison]

One name and one company: Bart Brecht, chief executive of Reckitt Benckiser, the company I temp for, they make products such as Gaviscon, Dettol, Lemsip, Haze, Finish, etc, etc...

Last year, Mr Brecht made a staggering £8 million pounds in total. Yet the people on the workfloor are harder pushed than ever, not having enough people to do the jobs because of the redundancies they are making. 50 people are being laid off yet people are stressed like crazy on the floor. 50 people each averaging an income of £20000 a year after everything paid. That is £1 000 000 a year. So the CEO's wage last year would keep those people in work for 8 years. Sickening, truly sickening.

And he had the cheek to tell employees that they should be more 'enthusiastic'...not all employees get the best part of 10 million quid a year, he can be enthusiastic. And all he has done is laid people off, cut corners left right and centre, made the average worker's life a misery and just thrown money at advertising (I mean, have you seen the number of adverts on at peak times for Lemsip or Dettol or Haze nowadays? Not cheap).

Yet in reality these overpaid fat cats don't have a clue what the job really involves, they spout their rhetoric and their management speak which really has no foundation with the shop floor worker whatsoever.

Down with the fat cats

[DaShi]

Actually, I am a corporate director who gets paid millions a year and works hard for it.

[Urban Ranger]

Originally posted by Provost Harrison
Last year, Mr Brecht made a staggering £8 million pounds in total. Yet the people on the workfloor are harder pushed than ever, not having enough people to do the jobs because of the redundancies they are making. 50 people are being laid off yet people are stressed like crazy on the floor. 50 people each averaging an income of £20000 a year after everything paid. That is £1 000 000 a year. So the CEO's wage last year would keep those people in work for 8 years. Sickening, truly sickening.

Where did these neanderthals come from?

[Sava]

This thread is what's wrong with America. I mean, this is capitalism... come on, these people deserve the money they are making. You stupid liberals just want to oppress people and have a commie dictatorship.

[Sandman]

I've been toying with the idea of a maximum wage. Nothing austere, say twenty times the minimum wage, so we can still have incentives to excel. However, I have no idea about how to actually implement such an idea.

I also think that the government should crack down on tax havens.

[Sava]

Originally posted by Sandman
I've been toying with the idea of a maximum wage. Nothing austere, say twenty times the minimum wage, so we can still have incentives to excel. However, I have no idea about how to actually implement such an idea.

I also think that the government should crack down on tax havens.

crackign down on tax havens... if you ask me, it's grossly unAmerican and unPatriotic for these companies to evade their taxes.

Minimum and Maximum wages seem to be not the best solution for this problem. Instead, there should be free universal health-care and free, high-quality public education. Then, having a minimum wage wouldn't be necessary. What we should do is stop corporate welfare altogether. To me, this is the most anti-capitalistic thing a country could do. And we should stop all tax cuts to corporations and the rich, period. Or at least restrict them until poverty is under control.

[OneFootInTheGrave]

Princess Carly Fiorina only got piffling $2.9 million bonus

The stinginess of a print company

By Adamson Rust: Friday 28 February 2003, 10:51

FOR SERVICES TO the manufacturers of pink slips, for increasing shareholder value, and for backing Intel to the hilt, the compensation committee at HP has awarded Carly Fiorina, the firm's CEO, a piffling $2.9 million bonus in 2002, surely a sign of the miserly times we're in. [You should know all about that, Ed.]

The meagre extent of the bonus for the Princess was revealed in a filing with the Securities and Exchange Commission (SEX) yesterday.

She got the really very pitifully small bonus because Princess Heloise had additional responsibilities in 2002.

During the financial year 2002, the Princess did not exercise any share options.

She only has a miserable 4.6 million shares too. How stingy can HP get, we ask?

Her pay was frozen at $1 million during the financial year, because of the prevailing winds of economic change.

It's simply not good enough. µ

OK I have to retract the whole 70million thing as that must be long term bonus, last year she only earned a 2.9 million bonus for making 15000 + people redundant...

Please bare in mind that the employees salaries are frozen for the second year running. ... just some top dogs can get the pay rises or some " bonuses" v... heh... I guess she is one of them...

And please note that her pay was frozen too as was everyone elses ... (at 1 million a year )