Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Nobody else is capable of doing the job that they do.
The engine of the economy would come to a grinding halt.
I think there are plenty of people out there who can do nothing for a company while paying themselves huge salaries.
Quote:
Yahoo CEO Carol Bartz is the highest paid of all overpaid CEOs, says proxy advisory group Glass Lewis in a report on the 25 most overpaid CEOs on the S&P 500.
Quote:
More import than her compensation is what she did to earn it. Which isn't much. Yahoo's stock has basically been flat. The reason? People still don't know what Yahoo is, or where it's going.
Thinking more about this I wonder how long it would take the actual operating people to realize they were gone? Probably when management started to make sense.
Many of our "Captains of Industry" are nothing more than experts on how to turn $1 into a $1.05 often with little regard for the long term future of the company or quaility of goods and services. Corporate America being flooded with hotshot MBAs has be a bain as much as it has been a blessing. This is coming from someone who's going to take the GMAT this Saturday, so he can get into a good grad school to get his MBA
The "Captains of Industry" quitting would just mean that more spots open up for me down the ladder.
As far as corporations most can find somebody to fill the C.E.O, C.F.O or other top executive jobs. Companies actively train and recruit people who they believe have the necessary qualities to handle these jobs. Also American colleges and univerities crank out MBA's but the thousands.
Sorry but the world is NOT going to end of Steve Jobs, Waren Buffet, Larry Ellision, Jeff Immelt or any other prominent CEO dies in a plane crash.
Just a Job like any other - there would be plenty of people below them who could step in and do the job, maybe do a better job.
Not like they have started the company, or developed some bit of technology that the entire company's future hangs around.
You know how hard it is to get paid a million bucks to sit on a board of directors and run a company into the ground just so you can pump up the short term quarterlies?
Thinking more about this I wonder how long it would take the actual operating people to realize they were gone? Probably when management started to make sense.
Someone sounds like they are a little envious. You wouldn't last a day in an upper level management job. The company would shut down within a month if management suddenly disappeared . The operating people are valuable when it comes to pure physical labor...but REAL work...that falls to management.
There is a line of succession in every company. There are backup plans in place for events like this.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
