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Re: time for coherent action!
In article <au6lf.146179$Hs.57874@tornado.ohiordc.rr.com>, fclaugus wrote:
> A good ceo is hard to get, and companies are willing to pay large high sums
> if they believe it gives tham a competitive advantage.
Sure... like the decisions the one of my now former employer made. He's
still got a job as do all the executives and senior management. (Today was
a surprise sacking day, about ~1/4-1/3 of the company I figure and half my
group gone and I was in the half that's now gone.) And that's what gets
people miffed. There is one senior executive who is mostly retired who
is still drawing a 80% of his salary (as I heard) from before he did
semi-retirement and wasn't sacked. His pay could have left probably 4-5
of the junior engineers in jobs or a couple of more senior engineers and
caused no impact to the company to have him just finish his fade out.
>> Such a performance arguement makes best sense if it's used across the
>> board. If people just get their salary / wage and some convouted bonus
>> based on company wide performance, that's all the CEO should get. If the
>> CEO gets paid for specific actions that effect the bottom line in a
>> commission type basis, so should everyone else.
> A lot of perfessions would perfer to work for a salery rather than
> comissions or performance bonuses. While thay might get paid more, their pay
> will fluctuate more with too much uncertainty.
CEOs don't just work for performance. They have base salaries. If CEO's
just worked for bottom line performance there may be less of a backlash.
I'd like that same deal that is always trotted out as an excuse for huge
CEO pay scales. I'd like a bonus that was actually tied to the dollar
amounts I added to the bottom line.
Another reason I believe it's valid to complain about CEOs is that they
have the power to manipulate things in the company to their own
personal favor and often do, sometimes at great cost to the rank and file.
>> If you really believe in the performance arguement I should have had a
>> least 1% of what I saved the company. I am sure the CEO got more than 1%.
> I believe employees should be paid according to their impact on the bottom
> line, and I do believe you deserved some sort of bonus for your efforts,
> more than 1%, imo.
Thanks :)
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