On Mon, 05 Dec 2005 16:03:17 -0600,
tetraethylleadREMOVETHIS@yahoo.com
(Brent P) wrote:
><snip>
>Shouldn't an engineer who does the same get his?
>
>I saved an major US corporation I worked for aproximately $12,000,000.
>What was my cut? 0. Zero. I would have gotten my salary and bonus by just
>leaving the crap design I inherited in place and making it work, without
>creatly a vastly less expensive and more reliable one.
><snip>
I agree. I believe that years ago a number of companies implemented
an employee "suggestion box" that paid a percentage of net profits to
the person suggesting it. (if I recall GM had it in place for a
while) which worked rather well.
You should have gotten a cut, you may well have even done so if you
had documented what you had done, shopped out your services to
establish what you were worth to the company or others and asked for a
raise or gone to a company more interested in your services (i.e.
willing to pay more).
Shortly after I left high school I worked for a company that refused
to pay their top performing salesman above their maximum level
regardless of what he produced. He left, a year later the company
folded. He got his raise, the companies owner got the shaft for being
an idiot.
Unfortunately many CEO's wages are "determined" by a board stacked
with their friends. Makes it hard to constrain pay. However Enron,
World Com, Tyco and others have inadvertently done their part to bring
Board members into line. Watching Conrad Black of late has brightened
my days.
