Quote:
Whrn the going gets tough, when the difficult times are directly related to poor management and pathetic leadership, the CEO's pay still goes up. It's the rank and file, and mid level managers who suffer the consequences.
Another problem is that this mismanagement makes competing on an even keel, and being able to provide proper compensation packages to managers and nonmanagement workers increasingly difficult for people in my position.
Foe example, look at Southwest Airlines... they strive to "play by the rules" and remain finacially strong through inspired leadership, sound manangement, and financial discipline, while their competitors fly under the safety of a Chapter 11 Bankruptcy umberella. The end result?? The cards are stacked against them.
True, life is not "fair", but since the post WWII Era, a strong, thriving middle class has been the backbone of our economic strength, and the strength of that backbone is being weakened through economic policies that threaten the American Middle Class.
Henry Ford knew what he was doing when he created the Five Dollar A Day Worker. The problem is that unions became corrupt through their leadership, and workers started demanding to share in wealth that ssimply was not being produced. Now, we see those same things happening in America's corporate ivory towers.
What Ronald Reagan proposed as "trickle-down" economics" has turned into "vaccuum cleaner economics". IMHO, we neede to reform our tax structure in such a way that we reward good performance, and penalize poor performance.. This reform should include revisions in our tax structure which would lessen the tax burdens upon companies that strive to provide proper and more equitable compensation for their employees, while penalizing companies and corporate leaders who line their own pockets, all while picking the pockets of their employees, or shipping jobs overseas.
I would encourage everyone to start reading the writtings of Lou Dobbs.
BTW, I AM speaking as a CEO, and I am also an active investor
Good post! These GUYS will never get it. That's why they work for .35 cpm.Originally Posted by Useless
The CEO of a poorly led, poorly managed company maked more money than the CEO of a thriving successful company made ten years ago. THeir .compensation packages are not tied to a company's performance,Whrn the going gets tough, when the difficult times are directly related to poor management and pathetic leadership, the CEO's pay still goes up. It's the rank and file, and mid level managers who suffer the consequences.
Another problem is that this mismanagement makes competing on an even keel, and being able to provide proper compensation packages to managers and nonmanagement workers increasingly difficult for people in my position.
Foe example, look at Southwest Airlines... they strive to "play by the rules" and remain finacially strong through inspired leadership, sound manangement, and financial discipline, while their competitors fly under the safety of a Chapter 11 Bankruptcy umberella. The end result?? The cards are stacked against them.
True, life is not "fair", but since the post WWII Era, a strong, thriving middle class has been the backbone of our economic strength, and the strength of that backbone is being weakened through economic policies that threaten the American Middle Class.
Henry Ford knew what he was doing when he created the Five Dollar A Day Worker. The problem is that unions became corrupt through their leadership, and workers started demanding to share in wealth that ssimply was not being produced. Now, we see those same things happening in America's corporate ivory towers.
What Ronald Reagan proposed as "trickle-down" economics" has turned into "vaccuum cleaner economics". IMHO, we neede to reform our tax structure in such a way that we reward good performance, and penalize poor performance.. This reform should include revisions in our tax structure which would lessen the tax burdens upon companies that strive to provide proper and more equitable compensation for their employees, while penalizing companies and corporate leaders who line their own pockets, all while picking the pockets of their employees, or shipping jobs overseas.
I would encourage everyone to start reading the writtings of Lou Dobbs.
BTW, I AM speaking as a CEO, and I am also an active investor
I won't edit the next one. ( Ridge )
