The way I look at it is this way. There is always someone sitting out there that can run just as hard as the million dollar wide receiver and would gladly do it for a little less!!!!
[Show/Hide Quoted Message] (Quoting Message by Deep Freeze from Friday, December 19, 2008 10:07:49 AM)| |  | Deep Freeze wrote: | | I am not arguing that they have help, MM. It would only make sense that they do. But these so-called "schmoes" are most often very gifted business leaders in their own right. AGAIN, they do not get THAT position by "luck" either! And, in the corporate environment, it is absolutely vital that decisions are made via discussion and imput by highly trained professionals. Differing points of view are important when making some of these very big decisions that DO affect tens of thousands of lives and economies! NO doubt.
I have no idea HOW they arrived at a dollar amount for the bonuses you mention. Yes, it sounds incredibly excessive. I am not familiar with the contract so I do not know enough to say much. I am NOT arguing with you that it seems ridiculous. On the surface, it certainly does. On the other hand, I have NO idea how it was set up. I have seen colleagues get HUGE bonuses in my professional life, man. I have received a few in my lifetime. Are they fair? To ME they were! I was asked to meet a series on goals, I did it and I was paid. Simple as that. That is a big reason that people seek out these positions in the first place. And getting there is not as simple as siging up, as strat might have us believe. I am very proud of the fact that I worked my ass off for YEARS both in school AND on the job to earn what I got. Did I have disappointments? Sure. Did I feel as though I should have got the promotion another guy did? Occasionally. But I did not complain and accuse the "system" of holding me down. I stayed focused. Kept working towards that goal. DRIVE.
(Quoting Message by METAL MELTDOWN from Friday, December 19, 2008 9:48:37 AM)
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METAL MELTDOWN wrote: |
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I dont think, without re-reading everything here, that anyone is saying you shouldnt be qualified to be a CEO. I think you are painting a much tougher picture of what they have to go thru on a daily basis. They have staff and anaylist and a schmoe for this and a schmoe for that. They cannot run an entire company day to day, especially the size of some of these. They make decision based on the info presented to them and have to answer for those decisions...
You cannot tell me, Freeze that a 68 million dollar bonus, when your company is going down the tubes is a wise business move. Its wasnt just GS either. It was all of them. The issue here is GROSS EXCESS within a corp, namely the top brass.
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Deep Freeze wrote: |
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OK, so just who is Henry Paulson (Goldman Sachs CEO) ?? Just what did he "do" to get where he is??? HAA!!!!!!
Well, to begin with he has a B.A. in English from Dartmouth. (May not sound important enough, but it does help when one needs to communicate clearly) Next , he has a MASTERS degree from HARVARD BUSINESS School. He is a Phi Beta Kappa AND a Sigma Alpha Epsilon. He was Assistant Secretary of Defense at the Pentagon. He has been with Goldman Sach over THIRTY years. He actually WORKED his way up! He has held high level management positions including Head of Investment Banking AND COO. And I believe he was Secretary of Treasury for the United States. He hasn't accomplished much in his "miserable" life, now has he???
This is just ONE example of "how" one gets to the position of CEO. It is not some half-assed lottery! It is not by "luck". These men earn it with hard work and drive. Period. An unfortunate by-product of such a position is that, when he screws up, it is usually HUGE. (Regardless of if it was even HIM that did it) We see this because the population and the media are so focused on it right now, and rightfully so. But I guess he is not human and not allowed to make mistakes? Oh, and last time I checked, if you had the grades and actually DID something with your high school life, you have every bit as much of an opportunity to make Harvard as he did. The problem is that the majority of kids jack around in high school instead of working towards the future. It is always SO much easier to blame the "system" than onesself.
Edited at: Friday, December 19, 2008 9:31:21 AM |
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Edited at: Friday, December 19, 2008 10:10:09 AM
Edited at: Friday, December 19, 2008 10:14:33 AM |
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