Page 3 of 29 FirstFirst 1234513 ... LastLast
Results 21 to 30 of 284

Thread: CEOs lay off thousands, rake in millions

  1. #21
    Sage


    MaggieD's Avatar
    Join Date
    Jul 2010
    Location
    Chicago Area
    Last Seen
    @
    Gender
    Lean
    Moderate
    Posts
    43,243
    Blog Entries
    43

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by liblady View Post
    this kind of greed is what makes everyday workers snap. the board members taking care of each other, a good old boys club. **** em. they run a business into the ground, then get PAID for it.
    Well, there are sure plenty of things I disagree with LibLady about, but I do understand where OP is coming from here. What a wonderful message it would be to "the troops" if corporate staff took paycuts when there are layoffs. Imagine how much more fair a company would be if they actually did that. I could imagine a company having lots of good reasons for doing that -- starting with employee morale and ending with stockholder morale. Why don't they???

    Then, of course, my next question is, "Would employees ever consider they took enough of a cut? I think that answer is, probably, a resounding, "Never."

    I'm reminded of a friend of mine. She supervises Accounts Payable at a large hospital....has four or five people working under her supervision. Last fiscal year, she received a $30K bonus for her department's renegotiation of major contracts and other cost-saving moves. The people she supervises don't receive a bonus, although they are surely responsible for renegotiating, just as she is. She told me it was getting harder and harder to motivate her people to renegotiate because it's a tough job. She said she felt they too easily took "no" for an answer.

    I suggested she have a monthly contest awarding $100 (or more even) to the employee who saved the most money that month. She said, "Oh, corporate'll NEVER go for that. No money." I said, "Not corporate's money, YOURS." She looked at me like I was crazy and said, "You have GOT to be kidding!!! Like I'd EVER do that!!!"

    (Outside of business, she's a nice person and friend. I marvel at her business selfishness, though.
    Last edited by MaggieD; 09-01-10 at 06:36 PM.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  2. #22
    Banned
    Join Date
    Sep 2010
    Last Seen
    09-03-10 @ 08:59 AM
    Lean
    Libertarian
    Posts
    39

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by liblady View Post
    this kind of greed is what makes everyday workers snap. the board members taking care of each other, a good old boys club. **** em. they run a business into the ground, then get PAID for it.
    ]
    Pure ignorance. The CEOs job is to make money for the shareholders. It isn't to provide a job for those stupid and lazy enough to be relegated to worker bee status.

    Quote Originally Posted by megaprogman View Post
    BS this behavior has been common long before 2008.
    Yes. Firing employees whose services are no longer beneficial to the company is an integral part of running a successful business.

    Quote Originally Posted by Jetboogieman View Post
    Shhhh Mega!

    Private Business is Infallable.
    How's it not? The only time it appears fallable is when the dumbass government sticks their nose into it.

    Quote Originally Posted by Gipper View Post
    So you'd rather them keep around inefficient workers? That's not how you run a major corporation. Businesses hire and fire in cycles. This is nothing new.
    Exactly.

    Quote Originally Posted by liblady View Post
    of course not.....but ceosdidn't used to make 50 times what the average employee makes, and salaries and bonuses have become completely out of control. the ceo of a company that loses money should be penalized, imo.
    Yes, most CEOs/founders/owners/businessmen are in better financial shape than you and the like. There's a reason for that.

    What a company/CEO decides about their pay/bonuses is none of your, a likely 9-5 ham and egger, damn business.

  3. #23
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: CEOs lay off thousands, rake in millions

    Moderator's Warning:
    CEOs lay off thousands, rake in millions Threads merged


    Quote Originally Posted by liblady View Post
    of course not.....but ceos didn't used to make 50 times what the average employee makes, and salaries and bonuses have become completely out of control.
    This figure is thrown around a lot, but I don't think it really holds up under scrutiny. If you adjust for size of companies and total profits, I would wager that CEO compensation hasn't skyrocketed in the way that many claim.

    the ceo of a company that loses money should be penalized, imo.
    And they often are, by being removed by the board or losing out on bonuses. However, decisions of compensation are entirely up to the board (and in some cases the shareholders).


    Quote Originally Posted by Hoplite View Post
    The corporate system is unaccountable, corrupting, and beneficial only to those who have invested in it.
    That's the fundamental nature of the corporate form. A corporation exists to earn profits for its investors, not to pay workers, not to do socially beneficial things, and not to help people through tough times. Each of those things occasionally coincides with the corporate goal, but the corporation is required by law to pursue its underlying goal of earning profit for investors.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  4. #24
    Sage
    EnigmaO01's Avatar
    Join Date
    Dec 2009
    Location
    Indiana
    Last Seen
    Yesterday @ 09:34 PM
    Gender
    Lean
    Other
    Posts
    7,029

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by liblady View Post
    of course not.....but ceos didn't used to make 50 times what the average employee makes, and salaries and bonuses have become completely out of control. the ceo of a company that loses money should be penalized, imo.
    Give it up liblady. You can't makes pigs fly and if you try it only makes them mad. Some on here are so partisan they skim the thread and move right to blaming Obama. Pretty sad.

    You know what kills me? The same people that piss and moan about the bailouts are perfectly fine with CEO's getting bonuses even though their company did poorly due to the crap the CEO's were pulling, which lead to the bailout. Anyone else see something wrong with this logic?
    Last edited by EnigmaO01; 09-01-10 at 07:39 PM.

  5. #25
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by Grim17 View Post
    If those CEO's had any confidence in the current administration, they wouldn't be laying off people and would be investing their money. As long as this anti-business administration keeps threatening big business, this trend will continue.

    Both big business and small business are the key to economic growth and the creation of jobs in this country, and as long as the administration threatens to punish them with higher taxes and increased costs for employee health benefits, we will never recover from this economic downturn. See FDR for details.

    .
    Why don't you read the article BEFORE commenting?


  6. #26
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by liblady View Post
    this kind of greed is what makes everyday workers snap. the board members taking care of each other, a good old boys club. **** em. they run a business into the ground, then get PAID for it.




    CEOs lay off thousands, rake in millions - Business - U.S. business - msnbc.com
    It sucks but that is how businesses work.
    These CEO's are under contract and they get a specified pre contracted amount of pay.
    Although I do think that poor performing CEO's should get the **** can with no compensation.

    If you're a little worker bee on the ladder, buy company stock.
    Put your money where your mouth is and have some more skin in the game, if you believe in your company.
    Last edited by Harry Guerrilla; 09-01-10 at 07:51 PM.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  7. #27
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-15-17 @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by EnigmaO01 View Post
    Give it up liblady. You can't makes pigs fly and if you try it only makes them mad. Some on here are so partisan they skim the thread and move right to blaming Obama. Pretty sad.

    You know what kills me? The same people that piss and moan about the bailouts are perfectly fine with CEO's getting bonuses even though their company did poorly due to the crap the CEO's were pulling, which lead to the bailout. Anyone else see something wrong with this logic?
    http://faculty.chicagobooth.edu/work...econdPaper.pdf
    Here's a study, enjoy the read.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  8. #28
    Banned
    Join Date
    Jun 2006
    Last Seen
    08-29-17 @ 09:28 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    16,575

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by Erod View Post
    So you want to force them to employ people?
    That isn't what is being discussed here. What is being discussed here is why CEOs should be receiving bonuses when they are tanking the business. Why should CEOs be rewarded for lousy managing?

  9. #29
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by TheNextEra View Post
    That isn't what is being discussed here. What is being discussed here is why CEOs should be receiving bonuses when they are tanking the business. Why should CEOs be rewarded for lousy managing?
    Maybe they shouldn't. If you think that way, you should buy shares in a company and vote accordingly. If you don't own shares in said company, then why should you get a say?
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  10. #30
    Banned
    Join Date
    Jun 2006
    Last Seen
    08-29-17 @ 09:28 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    16,575

    Re: CEOs lay off thousands, rake in millions

    Quote Originally Posted by RightinNYC View Post
    Maybe they shouldn't. If you think that way, you should buy shares in a company and vote accordingly. If you don't own shares in said company, then why should you get a say?
    Well like you do, I comment on things I don't always have full control over. If you don't like what I have to say, feel free to ignore it or move on.

Page 3 of 29 FirstFirst 1234513 ... 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
  •