Let the Good Times Roll: Another Lousy CEO Gets $140 Million for Getting FIRED

[General Ludd]

er... sorry. I was going to reply to somethign you said and then changed my mind.

[Flubber]

Originally posted by General Ludd

Or the pupularity of shaving the genitals for that... prepubescent look.

I never thought it was for the look, I always thought it was to avoid getting hair in your mouth

[Flubber]

Re: On the other hand...

Originally posted by pchang
I personally know quite a few CEOs, and I know that I work just as many hours as many of them for a fraction of the pay. I also have equivalent training and experience and in some cases, I have a better track record of managing companies, projects, and employees.

The how come you are not in their jobs???

I think you need a better executive search type friend.

[General Ludd]

Originally posted by Flubber


I never thought it was for the look, I always thought it was to avoid getting hair in your mouth

I don't want to know what you're doing where you get hair in your mouth from looking at pornography.

[Kidlicious]

CEO pay is incentive pay. It has nothing to do with how much CEOs benefit society. If they got paid for how much they benefited society they would be on welfare.

[Imran Siddiqui]

[q=General Ludd]You've completely lost track of the point... if a company benefits society, a person can believe in it. If a person believes in something, they don't need to be paided obscene amounts of money to be convinced to do it.

If a company has a good cause or is a benefit to society than the question "Who would want to be be a CEO if they didn't get paid a $10 million salary?" never need be asked.[/q]

Just because something benefits society doesn't mean that people would just willingly join up with it because they believe in the cause. Case in point: taxes.

Oh, I see. Founding and running a company takes less training and skill than being hired into it as a CEO.

If you actually READ my post, you'd see that founding a company may take less training, but the running of successful company shows great, immense skill. Gates, Turner, Ellison are immensely skilled people, more skilled than a lot of CEOs that get hired in. That skill was manifested in their founding of their companies. Before that, how could you tell.

[q=Sava]and from before... poor get richer? what kind of dumbass, fantasyland do you live in? [/q]

It's called reality. Poor people today are much more well off than they were in the 1950s. The median income has increased, not gone down.

[Sandman]

I'm digging the 'they exist, therefore they benefit society' argument put forward here.

[Kidlicious]

Re: Re: On the other hand...

Originally posted by Flubber


The how come you are not in their jobs???

I think you need a better executive search type friend.

Maybe he doesn't like pubic hair between his teeth.

[General Ludd]

Originally posted by Imran Siddiqui
[q=General Ludd]You've completely lost track of the point... if a company benefits society, a person can believe in it. If a person believes in something, they don't need to be paided obscene amounts of money to be convinced to do it.

If a company has a good cause or is a benefit to society than the question "Who would want to be be a CEO if they didn't get paid a $10 million salary?" never need be asked.[/q]

Just because something benefits society doesn't mean that people would just willingly join up with it because they believe in the cause. Case in point: taxes.

Still missing the point, I'm afriad


I didn't say that everyone believes in something that benefits society - "benefit" is subjective. what i said is that if someone believes in something, they will work for it, and if a buisness is percieved to have a good cause or benefit society in some way, then there is going to be someone who believes in it, and they will thus be able to hire someone that doesn't believe solely in money and require a $10 million salary.

If a buisness that does not have a cause people can believe in outside of making obscene amounts of money, and does not have any percieved benefit to society, it does not deserve to exist.

Do they pay the IRS Commissioner $10 million? no? But who would want to do that job without such a salary - Just think... they have to collect the taxes of the entire country!@#!@#!1121`

Gates, Turner, Ellison are immensely skilled people, more skilled than a lot of CEOs that get hired in.

But that's impossible, they didn't go through grad school, or even finish college!

The fallacy was that a person who holds three jobs doesn't need signifigant training or skill.

Unless we are talking 3 corporate executive jobs or 3 law jobs or 3 medical jobs, they don't. Most people who do have 3 jobs haven't gone to grad school. They may not have even completed college (they probably haven't).

There are CEOs who haven't completed college, too... that's hardly any measure of the difficulty of the job(s) they are doing today.

[Sava]

Originally posted by Pussyoklos
You secretly want to be an elite with a severance package.

nothing really secret about that...

oooooooo I want to have $140 million for getting fired...

yup that would definitely be on the list of things I would want.

but I don't think I'm "jealous"... at least not any more than anyone else in the world.

here Imran, read this and edumacate yourself so you can be not-stupid

[Imran Siddiqui]

I didn't say that everyone believes in something that benefits society - "benefit" is subjective. what i said is that if someone believes in something, they will work for it, and if a buisness is percieved to have a good cause or benefit society in some way, then there is going to be someone who believes in it, and they will thus be able to hire someone that doesn't believe solely in money and require a $10 million salary.

Do they pay the IRS Commissioner $10 million? no? But who would want to do that job without such a salary - Just think... they have to collect the taxes of the entire country!@#!@#!1121`

But the IRS Commissioner doesn't have to do that (ie, personally collect the taxes of the entire country). It'd be the threat of audit or suit by the IRS legal division which ensures collection. Oh, and being a government employee, chances are he puts in no more than 40 hours a week... since he's been working for the government .

IBM, Apple, Dell, all are percieved as benefiting society. However, you don't have people that 'believe' in the cause to take a paycut to work at one of those companies. It's hard to say that people don't think these companies don't benefit society. Where are the people taking the pay cuts then?

But that's impossible, they didn't go through grad school, or even finish college!

Obviously people who are working 3 jobs haven't demonstrated the skills to be running a Fortune 500 company and they probably won't unless they run a company themselves. DUH!

[Imran Siddiqui]

here Imran, read this

You mean the book that is reviewed as:

Overall, the authors join the chorus that sings the praises of the 1990s boom

You mean the boom which had the gap between rich and poor grow (and CEO salary as a percent of workers salary exponentially explode)?! Wow Sava, so being "not-stupid" is actually agreeing with my points! Thanks!

[Sava]

well if you take one reviewers opinion out of context, then sure, whatever

there are even short PDF's on that page if you're too lazy (or retarded) to read the book for yourself

[Imran Siddiqui]

Yeah, I saw the PDF on CEO pay. Apparently the biggest boom (BY FAR) was in the late 90s, when the US economy was growing at breakneck speed... when workers' real wages were growing.

Were the late 90s a bad period in the US economy Sava?

[Sava]

and what they said about the 90's boom is that things improved for working America despite the rich-getting-richer... the problem is, with the help of Bush's retarded economic policies, the rich continued to get richer during the downturn in 2001 and subsequent jobless recovery

but don't let the facts get in your way