Page 28 of 29 FirstFirst ... 1826272829 LastLast
Results 271 to 280 of 284

Thread: CEOs lay off thousands, rake in millions

  1. #271
    long standing member
    justabubba's Avatar
    Join Date
    Dec 2005
    Last Seen
    Today @ 02:17 AM
    Gender
    Lean
    Independent
    Posts
    36,151

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by Objective Voice View Post
    And that takes us right back to the same argument the President made concerning the bonuses AIG's CEOs received after they got their government bailout money. It's F'd up for sure, but that just means board members and shareholders need to place more stringent stipulations in CEO contracts where bonuses and severance pay are concerned.
    do you want to attract the best and the brightest to your firm? then you had better be prepared to compensate them
    that's why goldman sachs gets the cream of the crop
    and it's also why it consistently out-performs the competition


    now i will agree that the government should have attached strings to its bailout money, prohibiting substantial bonuses/compensation while those government loans were outstanding
    but the government can often be a very stupid lender
    and because we are the shareholders that elect its board, that doesn't say much about us
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  2. #272
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 12:11 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,358

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by Objective Voice View Post
    Thanks for providing this insight. My argument, of course, is based on the information provided. Your insight kinda changes my perspective alittle...if true....not alot, but some.



    Again, I'm willing to conceed that he performed well over the life of his tenure and just left when the company was on a downturn. But here again if he did everything he could to make his company profitable but in the end his best wasn't good enough, I still don't think such a CEO deserves to walk away with millions while also laying off thousands of employees. Something about that just seems wrong to me.
    Let me take the other side. For a CEO the job is to grow your company profitably. What has come to be accepted as a way to do that is to ship jobs overseas and to make acquisitions. When you take over a company people talk about synergies. That is a nice way of saying where there was a person doing something at your company and the acquired company you get to lay off one of them.

    People talk about all of the cash that is in the coffers of corporations today. They say that this will lead to increased hiring. Perhaps, but you may have noticed that in August there has been a surge of deals. I am sure that you will find that more money will be spent of acqusitions, which lead to layoffs than you will see some surge in hiring as there is not a big uptick in demand.

    Please also know that laying people off, understanding how you are adversely impacting them and their families is no fun. It is horrible (yes it is worse for the people getting laid off). But that is the way American business is set up today for large companies.

    If the administration and congress really wanted to change this it would not be hard. They could change the tax rules to make these strategies less profitable. But since both parties are in the pockets of big business nothing changes.

  3. #273
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:49 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,715

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by Lord Tammerlain View Post
    What is wrong with that arguement?

    A CEO provides his labour to lead the company in order to maximize shareholder returns, not to enrich himself/herself at the expense of the shareholders. I do think that CEO compensation packages in the US have been detremental to shareholder returns in the majority of cases
    you might be right

    become a shareholder of some company where that is happening and voice your concerns. Some CEO compensation appears to be ego driven rather than rational but that isn't something that the government has any business in trying to alter.



  4. #274
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 01:00 AM
    Lean
    Undisclosed
    Posts
    10,432

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by TurtleDude View Post
    you might be right

    become a shareholder of some company where that is happening and voice your concerns. Some CEO compensation appears to be ego driven rather than rational but that isn't something that the government has any business in trying to alter.
    Never said it does.

    Other then to ensure shareholders can get a stronger voice in approving executive compensation packages, I would suggest the government stay out of it
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  5. #275
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 09:18 PM
    Gender
    Lean
    Conservative
    Posts
    30,322

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by pbrauer View Post
    This thread isn't about corporations making money, it's about greedy CEO's laying off workers and getting compenated for it.

    As defined by whom? Liberals, and MSNBC? Oh wait, same thing.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  6. #276
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: CEOs lay off thousands, rake in millions

    it was dead dodd and tax cheat in chief geithner who grandfathered in those disgusting aig bonuses

    AIG's Bonuses: Who Knew What -- and When - ABC News

    the ny fed instructed aig to keep secret those ugly, embarrassing details from the porn watchers at the sec

    Geithner's New York Fed Pushed AIG To Keep Sweetheart Deals Secret (READ THE AIG EMAILS)

    where's YOUR outrage?

    obama is enabler in chief

  7. #277
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: CEOs lay off thousands, rake in millions

    the gop will allow the small biz bill to the floor when the embattled leader opens debate to what to do about those 1099's that have suddenly to be filed for every transaction over $600

    Health care law's hidden tax change to launch 1099 avalanche - May. 5, 2010

    and not before

    we were also demanding a discussion of the extension of the r&d deduction, but the administration signaled sudden surrender, here, on every sunday talk show yesterday

    it turns out the r&d credit is going to be the improvisational, all ad libbed, completely impromptu CENTERPIECE of pieface's newest economic "plan" (mere talking points, no legislative backing) to be announced this wednesday

    mccain on mtp said economic leadership is "flailing"

    what do YOU see?

  8. #278
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: CEOs lay off thousands, rake in millions

    even wapo this morning gets it

    Small businesses feel squeezed by Obama policies

    you'd have to be totally tone deaf not to hear, mr president

    flailing

  9. #279
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: CEOs lay off thousands, rake in millions

    Obama plans big economic push: Too little, too late? - CNN.com

    ya think?

    just because he doesn't have a bill, just because he doesn't have the votes, just because it's mere weeks until his comeuppance...

    just because any good idea is two years late...

    have you noticed all of his grasping-for-anything-that-floats acts of desperation are, well, the precise kinda moves his harvard professors always taught him NOT to make?

    know THE MAN

    party on!

  10. #280
    Banned
    Join Date
    Sep 2005
    Location
    Whitewater, CO
    Last Seen
    04-05-16 @ 06:04 PM
    Gender
    Lean
    Centrist
    Posts
    8,260
    Blog Entries
    1

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by justabubba View Post
    do you want to attract the best and the brightest to your firm? then you had better be prepared to compensate them
    that's why goldman sachs gets the cream of the crop
    and it's also why it consistently out-performs the competition


    now i will agree that the government should have attached strings to its bailout money, prohibiting substantial bonuses/compensation while those government loans were outstanding
    but the government can often be a very stupid lender
    and because we are the shareholders that elect its board, that doesn't say much about us
    Goldman-Sachs needs to be shut down. Their former employees are the source of much government corruption.

Page 28 of 29 FirstFirst ... 1826272829 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •