I dont even want to read this shit!

  • Posted by a hidden member.
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    Aug 05, 2008 8:21 PM GMT
    Oh boo hoo to these poor CEO who have fucked up. ...They might get fired. ...boo hoo! ...Give me just one year of their salaries and you can fire my ass all you want!!!!

    Here are just the first few of the list...

    10 chiefs in the hotseat

    Top executives are generally well insulated from those problems by their multimillion-dollar paychecks, lavish perks and somnolent boards of directors. But don't think for a minute that 2008 has been easy for the CEO set. Ask Angelo Mozilo of Countrywide, Pat Russo of Alcatel-Lucent and Martin Sullivan of AIG, all of whom have been shoved aside as investors tired of their multibillion-dollar missteps.

    Richard Fuld, Jr., Lehman Brothers
    What he makes (2007 total compensation, from regulatory filings): $40 million. Fortune recently calculated that Fuld has made $489 million over the past decade cashing in his Lehman stock.

    Daniel Mudd, Fannie Mae; Richard Syron, Freddie Mac
    What they make: Mudd, $11.7 million; Syron, $18.3 million

    Kerry Killinger, Washington Mutual
    What he makes: $5.2 million

    John Thain, Merrill Lynch
    What he makes: Thain made $17.3 million last year, largely reflecting a $15 million signing bonus.

    Rick Wagoner, General Motors
    What he makes: $14.4 million

    http://money.cnn.com/galleries/2008/fortune/0808/gallery.ceos_hotseat.fortune/6.html
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    Aug 05, 2008 10:04 PM GMT
    plz, that's nothing. Our good friend Sandy Weil from Citigroup was given 260mil for his retirement PLUS 790mil in stock PLUS 700k lifetime annuity.
  • GQjock

    Posts: 11649

    Aug 05, 2008 10:12 PM GMT
    Awww...

    Tell them that Grampy McSame's chief economic adviser
    told them to stop their Whinning icon_rolleyes.gif
  • wc2boy

    Posts: 36

    Aug 05, 2008 10:41 PM GMT
    I worked for Worldcom and we *still* bitch about how we were screwed over by Bernie Ebbers. There's nothing worse than working for one of those crooks and getting paid minimum wage for your troubles.
  • acrojock10

    Posts: 71

    Aug 05, 2008 10:56 PM GMT
    I was still a teenager in highschool when I worked for Worldcom call center. I made minimum wage, and when worldcom went under I lost my job! lucky me I was in highschool when it happened and I wasn't depending on that money to pay bills, etc.
    I can't imagine what it must be like to work under these people who make millions upon millions and make squat and lose your job/security because these greedy assholes screw up.
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    Aug 06, 2008 1:09 AM GMT
    Maybe those companies would have faired better by cutting their CEO's oversized salaries.
  • Posted by a hidden member.
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    Aug 06, 2008 1:22 AM GMT
    Maverick75 saidMaybe those companies would have faired better by cutting their CEO's oversized salaries.
    OMg how could you ever suggest something like that? How could they maintain their Mansion landscape in Cali and personally developed island off the shores of Australia? Don't poke at the CEO's they've done nothing wrong. icon_rolleyes.gif Just cut the wage workers - I'm sure they'll have fun at Starbucks or McDonalds . . . . icon_rolleyes.gificon_rolleyes.gif
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    Aug 06, 2008 1:42 AM GMT
    blind2limits said
    Maverick75 saidMaybe those companies would have faired better by cutting their CEO's oversized salaries.
    OMg how could you ever suggest something like that? How could they maintain their Mansion landscape in Cali and personally developed island off the shores of Australia? Don't poke at the CEO's they've done nothing wrong. icon_rolleyes.gif Just cut the wage workers - I'm sure they'll have fun at Starbucks or McDonalds . . . . icon_rolleyes.gificon_rolleyes.gif
    LOL Well easily. They're hoarding all the money and I'm hoarding all the bills.
  • SkyMiles

    Posts: 963

    Aug 06, 2008 1:53 AM GMT
    I can't believe this thread has made it this far without some freakin' d-b talking about how great the 'free market' is, or how we're all just hatin' on America's 'achievers' who create jobs, spur the economy with their capitalist awesomeness and pay more then their fair share of taxes. icon_rolleyes.gif

    Well, I thought for SURE there'd be ONE!

    Heck, you guys are awesome!! icon_razz.gif
  • Posted by a hidden member.
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    Aug 06, 2008 1:59 AM GMT
    Maverick75 said
    blind2limits said
    Maverick75 saidMaybe those companies would have faired better by cutting their CEO's oversized salaries.
    OMg how could you ever suggest something like that? How could they maintain their Mansion landscape in Cali and personally developed island off the shores of Australia? Don't poke at the CEO's they've done nothing wrong. icon_rolleyes.gif Just cut the wage workers - I'm sure they'll have fun at Starbucks or McDonalds . . . . icon_rolleyes.gificon_rolleyes.gif
    LOL Well easily. They're hoarding all the money and I'm hoarding all the bills.
    NOoOOO they couldn't! That's impossible! They would never try to tear the fabric of our economic and moral livelyhood as we know it just for their personal gain! That's such a horrid accusation . . . icon_rolleyes.gificon_rolleyes.gificon_rolleyes.gif
  • Posted by a hidden member.
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    Aug 06, 2008 2:00 AM GMT
    [quote][cite]Colbert_Nation said[/cite]I can't believe this thread has made it this far without some freakin' d-b talking about how great the 'free market' is, or how we're all just hatin' on America's 'achievers' who create jobs, spur the economy with their capitalist awesomeness and pay more then their fair share of taxes.quote] "d-b"? care to elaborate icon_biggrin.gif
  • Posted by a hidden member.
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    Aug 06, 2008 2:14 AM GMT
    Colbert_Nation saidHeck, you guys are awesome!!
    Thanks!
  • Posted by a hidden member.
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    Aug 06, 2008 2:31 AM GMT
    And don't forget, while they were paying these CEO's millions in overpaid salary, Congress decided to NOT raise the minimum wage all these years, while raising their own wages. Ya think these overpaid CEO's bought a Senator or two?
  • Posted by a hidden member.
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    Aug 06, 2008 5:09 AM GMT
    1917_IWW.JPG
  • Posted by a hidden member.
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    Aug 06, 2008 5:52 AM GMT
    MunchingZombie said1917_IWW.JPG



    Reminds me of mister Fantastic.


    Ever since I learned about the salaries of members of Congress... I don't even know. I guess I just die a little inside icon_cry.gif



    I love these emo guys, more than LOLcatz. ( uh huh, I went there)

    icon_twisted.gif



    emo-24.jpg
  • Posted by a hidden member.
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    Aug 06, 2008 6:06 AM GMT
    So what is the point. Yes, there a CEOs who are or were not as valuable as their salaries. But in the end the pay is the sole prerogative of the owner's of the company as determined by the company's laws which traditionally leave it to the board of directors.

    Of course they have to offer that much money if they want to attract the caliber of CEO like Jack Welsh who used to run GE. Not every person who fills the job will be worth the large salary but when such few are found they are usually worth well more to the company than the salary provides. If they offered lower salaries to their executives it could easily be they would lose even more money because they would be reducing their chance of getting the right people who would go for a better offer.
  • Posted by a hidden member.
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    Aug 06, 2008 6:26 AM GMT
    geras saidSo what is the point. Yes, there a CEOs who are or were not as valuable as their salaries. But in the end the pay is the sole prerogative of the owner's of the company as determined by the company's laws which traditionally leave it to the board of directors.

    Of course they have to offer that much money if they want to attract the caliber of CEO like Jack Welsh who used to run GE. Not every person who fills the job will be worth the large salary but when such few are found they are usually worth well more to the company than the salary provides. If they offered lower salaries to their executives it could easily be they would lose even more money because they would be reducing their chance of getting the right people who would go for a better offer.


    Ditto
  • TexanMan82

    Posts: 893

    Aug 06, 2008 7:41 PM GMT
    Colbert_Nation saidI can't believe this thread has made it this far without some freakin' d-b talking about how great the 'free market' is, or how we're all just hatin' on America's 'achievers' who create jobs, spur the economy with their capitalist awesomeness and pay more then their fair share of taxes. icon_rolleyes.gif

    Well, I thought for SURE there'd be ONE!

    Heck, you guys are awesome!! icon_razz.gif


    Here I am. Sorry I'm late. But, yes, this is the free market at work. Without these big, evil corporations, a lot of you would have no jobs.

    If you are so upset by them and you making them money, quit and start your own business.
  • Posted by a hidden member.
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    Aug 06, 2008 7:49 PM GMT
    To a certain extent I agree TexMan82. However, shareholders should really be kicking up more of a fuss with some of these golden parachutes. They should hold the Board of Directors to account for agreeing to outrageously expensive contracts.

    Part of the problem is that many CEO's could actually make a lot more money in Private Equity firms or Hedge Funds. Therefore, the price big corporations have to offer to attract the best talent has skyrocketed in recent years.
  • TexanMan82

    Posts: 893

    Aug 06, 2008 7:50 PM GMT
    muchmorethanmuscle saidTexas"boy" who really shouldn't label himself as a man is simply online to be a little punk. He's always disagreeable simply for disagreeable's sake.


    ^^
    I see what you did there. Clever.

    Anyway, no, I'm not being disagreeable just for the sake of it. I truly don't have a problem with CEO's making a lot of money. It's private business. Why would I want anyone to dictate to them how much they can be paid?

    I own my own business. I sure as hell would not want some outside entity telling me how much I can pay myself out of "fairness". That's preposterous.
  • TexanMan82

    Posts: 893

    Aug 06, 2008 7:52 PM GMT
    SurrealLife saidTo a certain extent I agree TexMan82. However, shareholders should really be kicking up more of a fuss with some of these golden parachutes. They should hold the Board of Directors to account for agreeing to outrageously expensive contracts.

    Part of the problem is that many CEO's could actually make a lot more money in Private Equity firms or Hedge Funds. Therefore, the price big corporations have to offer to attract the best talent has skyrocketed in recent years.


    I agree. Shareholders and the Board of Directors should be the ones raising hell about this. If they aren't, why does anyone care? It's their investment.
  • TexanMan82

    Posts: 893

    Aug 06, 2008 8:13 PM GMT
    muchmorethanmuscle saidWell if you knew anything about businesses and how they work there are certain laws that set in place to act as guidelines for proper conduct. Even with these laws people are unscrupulous.

    It's not easy for everyone to go out and start a business as you nonchalantly advise. Businesses for the most part take tens of thousands of dollars to start and let's not forget the existing state of our economy.

    At your age dare I assume that you probably either still live at home, had family help to get your business going and probably don't have a mortgage to pay like a lot of people on here do.

    I own my own business too but that doesn't mean I don't have compassion for others who work in a corporate environment and get screwed over by people that should be supporting the company they work for and not destroying it.


    Yes, I am aware of the laws in place. But, what law is there dictating how much someone can be paid?

    If any laws that are in place are broken, the perpetrators are arrested and charged with crimes (Enron).

    Sure, I have compassion for people who are screwed over at work. But, I don't try and say that more regulation is the answer.

    Oh, and it's none of your business how I started my business. Toodles.
  • TexanMan82

    Posts: 893

    Aug 06, 2008 8:23 PM GMT
    muchmorethanmuscle saidI don't care what you do as a business. But it's funny that you made mention of it in your argument and then after opening the door you close it once questioned about it.

    Sort of pointless to debate with you. If you're going to throw extra coals into the fire be ready to endure the heat that results from it.

    I never implied regulating their income. I stated we should get rid of their job title and just allow the board of directors to be in charge.


    Let me know when your so-called "heat" is present.

    OK, when you own the company and are a majority shareholder, then you can opt to nix the CEO title.
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    Aug 06, 2008 8:35 PM GMT
    TexanMan82 said
    muchmorethanmuscle saidI don't care what you do as a business. But it's funny that you made mention of it in your argument and then after opening the door you close it once questioned about it.

    Sort of pointless to debate with you. If you're going to throw extra coals into the fire be ready to endure the heat that results from it.

    I never implied regulating their income. I stated we should get rid of their job title and just allow the board of directors to be in charge.


    Let me know when your so-called "heat" is present.

    OK, when you own the company and are a majority shareholder, then you can opt to nix the CEO title.


    Honestly, I cannot wait until this free market thing finally takes off, if only to see it kick your ass in some way that you previously chose to trivialize.

    I wish I knew what business you were in so I could avoid any relationship with you, because according to your stance, anything goes and fuck those who get burned. Not my idea of customer focus.
  • TexanMan82

    Posts: 893

    Aug 06, 2008 10:31 PM GMT
    Who did I come here to specifically spite?