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The CEO of Wels Fargo whose massive bank appropriated customers' information to create millions of bogus accounts responded to questions at a senate hearing by saying he lacked the appropriate expertise.
There you go folks. Many CEOs are nothing but crooks in white shirts ripping off their employees with low wages and ripping off the shareholders of their company.
He reminds me a lot of that NFL commissioner who didn't know anything at all about head injury.
I was being sarcastic. I fully support those independent speakers to be paid in anyway possible as long as they don't trade favors through the government.
But if they are questioning CEOs, what's the reason they don't question Hilary?
Why do we need to bring Clinton into a discussion regarding executive pay. let's stick to the topic. They are entirely different, one has nothing to do with the other.
Last edited by Goodnight; 09-21-2016 at 04:41 PM..
Could anybody from the anti-CEO crowd describe a typical day as an CEO?
I have worked for enough CEOs to know that even they give me that money, I wouldn't want to be in their position. Too freaking stressful as I would have no time posting on CD constantly.
I am not completely anti CEO but there are many problems with the current system, there are good CEO's that deserve salary and then there are others that do not. The down turn in 2008 should be a good enough example that many of these CEO's are not worth salaries and really do not have a handle on their own businesses.
There was a time when the CEO salaries were some multiple of the lowest paid employees, I believe it was a few hundred now it is several thousand. Getting back to the topic, why was Stumph and some of the others worthy of their salaries. Seems to me that his compensation was based in large part because of unreasonable goals that were only achievable by illegal means.
We asked our colleague to be our CEO when we built our company.
Over the 10.5 years he served as CEO, he worked his ass off. More than anyone else. And we all worked HARD.
We sold our company last year, and I think he deserved everything he got. He drove the vision. He traveled everywhere making the connections. He took the endless meetings and did all the networking. He rolled out the ideas for new product lines and then made them reality.
I don't think most folks know what many CEOs do outside of the fat cat, cigar-chomping Hollywood version they have in their heads.
Anybody who says CEOs are lazy or that they do nothing are not worth listening to.
we get that you hate the CEOs of every company on earth, but then again why should you care what they make? and if you are so jealous of what they make, why dont you work to get to their level and make what they do? are you willing to step up and take the risks they do? to make the decisions they do? if not then shut up.
I have a problem with the argument that CEOs have to be paid millions because they are that talented. Then the CEO brings down the company and takes what is left as a golden parachute. Why do you defend that?
I think the Wells CEO is and should be in a world of trouble, but to instantly apply that to 1000s of other CEOs is obviously just agenda driven and not fact driven.
Even the fate of thousands of employees would weigh heavily on you. To say the CEO not caring the employees is complete BS. Every single CEO I worked for cared about their employees as a whole, not so much about how much you as an individual should be paid but more on whether or not most employees would have a job.
Amen An ex boss of mine, over a decade back, was GM of one division. Today he is President of about 10x that.
In early 2002 a key supplier asked him what our "Asia strategy" was, and they were inferring we should move Southeast US operations there, eliminating over a thousand jobs. I can't repeat his language about them on here per TOS. Now, bear in mind, if we took their advice, his bonus would have been spectacularly larger, but he didn't, and he loved it when we enforced price increases with them, and when they complained, our CEO (my boss was there, not I) told this giant US corp(customer) take it or we'll opt out of the contract with you.
We asked our colleague to be our CEO when we built our company.
Over the 10.5 years he served as CEO, he worked his ass off. More than anyone else. And we all worked HARD.
We sold our company last year, and I think he deserved everything he got. He drove the vision. He traveled everywhere making the connections. He took the endless meetings and did all the networking. He rolled out the ideas for new product lines and then made them reality.
I don't think most folks know what many CEOs do outside of the fat cat, cigar-chomping Hollywood version they have in their heads.
Well, if you so called worked HARD, what did you do if he did all the meaningful work?
Lol...CD-land is hilarious.
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out of nothing. Grow up.
