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.
His comp package was negotiated before the companies lack of performance took place. It's in his contract. They're just not handing it out as a "thank you" gift.
The company has long argued that he deserves this cash because he rescued the company from bankruptcy in 1987. That may be true, but the company’s stock is down 40% in the last five years.
What the hell does the price of stock have to do with the pay of the CEO?
Btw, the stock is down because the profits are down from $1.4B to $82M
It should by securities law have EVERYTHING to do with the pay of a CEO. He is responsible for the huge loses the investors he WORKS for have incurred. These CEO's are no better than corporate parasites. They don't own the corporation but they sure act like they do. How can we have any confidence in the stock market as investors when the top dog in the company rakes in tens of millions in salary while we the owners take hundreds of millions in loses. It's just freakin nonsence.
How much does the "CEO" of the American military make? The Chairman of the chiefs of staff. You can not tell me that any corporate CEO has a more difficult and important job than that. Does he get a big fat bonus for doing a really good job? Of course not, doing an excellent job is part of the job discription and so should it be in the corporate world.
If a corporate CEO is paid 10 million a year, can we not expect he will perform well for that? I guess not. They pay themselves insane money for failure just imagine what they expect when they actually do THEIR JOB!!!
I think that the government should pass a law stating that any salary over 5 million a year is no longer tax deductible and must be reported as profit by the corporation. That would help to put a stop to this greedy madness.
I should by securities law have EVERYTHING to do with the pay of a CEO. He is responsible for the huge loses the investors he WORKS for have incurred. These CEO's are no better than corporate parasites. They don't own the corporation but they sure act like they do. How can we have any confidence in the stock market as investors when the top dog in the company rakes in tens of millions in salary while we the owners take hundreds of millions in loses. It's just freakin nonsence.
How much does the "CEO" of the American military make? The Chairman of the chiefs of staff. You can not tell me that any corporate CEO has a more difficult and important job than that. Does he get a big fat bonus for doing a really good job? Of course not, doing an excellent job is part of the job discription and so should it be in the corporate world.
If a corporate CEO is paid 10 million a year, can we not expect he will perform well for that? I guess not. They pay themselves insane money for failure just imagine what they expect when they actually do THEIR JOB!!!
I think that the government should pass a law stating that any salary over 5 million a year is no longer tax deductible and must be reported as profit by the corporation. That would help to put a stop to this greedy madness.
Ahh wrong. A company can have 1000 shares issued and each one be worth $15 Million or have 1000000000 shares issues at $15 each. The net worth of the company wouldnt change
Furthermore, as a stockholder, if I VOTE on the CEO's pay of $100M, which reduces MY equity by reducing profits, who are you to tell me I cant pay my "employees" $100M a year?
The company has long argued that he deserves this cash because he rescued the company from bankruptcy in 1987. That may be true, but the company’s stock is down 40% in the last five years.
What the hell does the price of stock have to do with the pay of the CEO?
Btw, the stock is down because the profits are down from $1.4B to $82M
If that's the reasoning we are going with then how come all the raises for middle class workers are being cut and/or frozen during these times? I mean, we were working hard and helped the company grow. Why is the pension being cut, 401K not being matched and benefits reduced? Many workers have had to take a pay reduction on top of that. Oh yeah..we're not CEO's so who cares.
If that's the reasoning we are going with then how come all the raises for middle class workers are being cut and/or frozen during these times? I mean, we were working hard and helped the company grow. Why is the pension being cut, 401K not being matched and benefits reduced? Many workers have had to take a pay reduction on top of that. Oh yeah..we're not CEO's so who cares.
Why are raises being cut during these times? You are seriously asking why, during periods of massive unemployment, there isnt a need to increase wages? Stop and think about it for a second.
To even further comment, middle class workers pay arent dictated by stock pricing either I own penny stocks, and I own stocks selling for $100 a share.. The employees wages are about the same because their job functions are the same.
Ahh wrong. A company can have 1000 shares issued and each one be worth $15 Million or have 1000000000 shares issues at $15 each. The net worth of the company wouldnt change
Furthermore, as a stockholder, if I VOTE on the CEO's pay of $100M, which reduces MY equity by reducing profits, who are you to tell me I cant pay my "employees" $100M a year?
Well that's the entire point. The small shareholders who may even hold a majority of the stock don't really get a say in exectutive compensation. So, you are telling me that when your $25,000 investment is now worth $10,000 you are OK paying the CEO a hundred million for his efforts? That is nothing but robbery anyway you want to look at it.
Location: planet octupulous is nearing earths atmosphere
13,621 posts, read 12,731,507 times
Reputation: 20050
Quote:
Originally Posted by lucknow
Well that's the entire point. The small shareholders who may even hold a majority of the stock don't really get a say in exectutive compensation. So, you are telling me that when your $25,000 investment is now worth $10,000 you are OK paying the CEO a hundred million for his efforts? That is nothing but robbery anyway you want to look at it.
i guess some people just dont get it.. i wonder what his next bonus will be a lot for nothing..
Location: planet octupulous is nearing earths atmosphere
13,621 posts, read 12,731,507 times
Reputation: 20050
Quote:
Originally Posted by Roadking2003
So, what's your point ?
you figure it out
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.
