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Administration to slash pay at bailed-out firms
- Thread starter Deadly Sushi
- Start date
Bad.
Take 7 companies out of the world of large corporations, force them to underpay their president and other senior managers and do you honestly expect them to keep talented people in the top positions? No F*****G way!
I've talked to some leaders of some of the largest companies in the nation, they are so awesomely smart that they are scary. Cut their pay 90% and they will simply go to any number of other companies that did not get the TARP money. There is no law that forces them to stay with their current employer. So if someone gets $1MILLION+ a year and you cut his pay 90% why the hell would he stay? He'd just go get another job at a company that will GLADLY hire him.
This is one of the STUPIDEST things to ever come out of Washington!!!
BTW Sushi, I notice you are flying the CONSTITUTION PARTY logo. Where in the US Constitution, or where in the Constitution Party platform, does it say that property rights should be rescinded?
Take 7 companies out of the world of large corporations, force them to underpay their president and other senior managers and do you honestly expect them to keep talented people in the top positions? No F*****G way!
I've talked to some leaders of some of the largest companies in the nation, they are so awesomely smart that they are scary. Cut their pay 90% and they will simply go to any number of other companies that did not get the TARP money. There is no law that forces them to stay with their current employer. So if someone gets $1MILLION+ a year and you cut his pay 90% why the hell would he stay? He'd just go get another job at a company that will GLADLY hire him.
This is one of the STUPIDEST things to ever come out of Washington!!!
BTW Sushi, I notice you are flying the CONSTITUTION PARTY logo. Where in the US Constitution, or where in the Constitution Party platform, does it say that property rights should be rescinded?
Bullshit! BULLSHIT BULLSHIT!!!!!!!!!
Your argument holds NO water. ESPECIALLY with the job market. Dont be a sucker Skurka. Those people can be replaced with MORE than competent people for LESS than half they make.
Hell how much does some of the folks on here make? Im VERRRRY confident they can fill upper management positions and do a job with better work ethics and skill. I have NOOOOO doubt. Zero.
Now regardning some of the top sales jobs, i still feel they can get a 1000 candidates just as good. BUUUUUUT the sales folks leaving cant take their clients with them! Non-compete clause ya know
There are MILLLLLLLLLLLLLLLLLLLLLIONS on talented people that are making $30K - $55k a year that could do a BETTER job.
Think about it. Get a calculator out and start looking at the math on the subject.
Bullshit! BULLSHIT BULLSHIT!!!!!!!!!
Your argument holds NO water. ESPECIALLY with the job market. Dont be a sucker Skurka. Those people can be replaced with MORE than competent people for LESS than half they make.
Hell how much does some of the folks on here make? Im VERRRRY confident they can fill upper management positions and do a job with better work ethics and skill. I have NOOOOO doubt. Zero.
Now regardning some of the top sales jobs, i still feel they can get a 1000 candidates just as good. BUUUUUUT the sales folks leaving cant take their clients with them! Non-compete clause ya know
There are MILLLLLLLLLLLLLLLLLLLLLIONS on talented people that are making $30K - $55k a year that could do a BETTER job.
Think about it. Get a calculator out and start looking at the math on the subject.
Now I KNOW you're smokin something illegal. Just which online school did you buy your business degree from?
Hey! I'll bet Yo Mama Obama can get some of his SEIU and ACORN buds to run these big corps for $200K. Then they can run them into the ground just like their boss is doing to this country. Ya just gotta love these F_cking socialist morons. They are dumber than a box of rocks.
Screw the degree! What about street smarts, common sense and logic? I have a Bach in business myself but I would put someone with common sense street smarts and logic equal to or above someone with a degree!!!!
Now how many positions are they needing to fill after the losers that wont take a pay cut leave? How many employeed people are there that have the same skill sets or BETTER are there that would liek to take one of these positions????? What about someone whom is unemployeed?
Youre telling me you cant fill the positions with better people for less money? Then you dont deserve to have a business!
Even if they can be replaced at half their wage isn't that still forty percent more than what the original would be paid? And if two of the top guys make a " job swap " doesn't mean they are both making more than if they stay with original job? Why would they stay in original job?
Hey Sush. Call the White House and tell them you'll run GM for $35K. I'll bet you get the job. Remember to tell them about your bidniss degree and your great work ethic. But don't tell them about the meds, cuz they'll want you to share them with them.
Perks are only authorized for your bosses at the White House. The only perk is that you have a job. Oh, BTW, the GM job tops out at $52,879 with no merit increases for 5 years. Mandatory unpaid OT of 20 hours per week including Saturdays because you are exempt. Take it or leave it. because there are millions of others equally qualified as you who will work harder and for less. Shit or get off the pot.I require $90K for THAT job. But I would do it. Would I get a company car?
danocheese
New member
Sushi Iguess you beleive bonus are like christmas presents, They just come every year. Bonus structure is the best way to pay anyone. Hell I was on a bonus plan when I milked cows as a kid Cows did good so did I.
Better not take any SBC loans Omymomma will run you.
Better not take any SBC loans Omymomma will run you.
Squishi, this is what has come from the bailout...government control of the means of production. Is that what you believe in? Heck I don't think even the Constitution Party believes in that. Maybe you're sporting the wrong button. Try this one on for size...
At what point to the people that make either minimum wage, or other entry related jobs create jobs for anyone... They don't!
It is those guys that put their butts on the line and get rewarded for doing the right things for the company to start with that makes them the big bucks.
The bailout was a scam, nothing less, if those companies were in fact going broke, they should have... I would tend to bet that when the "Free" money was being handed out, some took the hook and didn't really need it.
The Company Board members are the ones that should be doing the demanding if in fact the guy at the top can't cut the mustard, not some Communist in Washington D.C.
It is those guys that put their butts on the line and get rewarded for doing the right things for the company to start with that makes them the big bucks.
The bailout was a scam, nothing less, if those companies were in fact going broke, they should have... I would tend to bet that when the "Free" money was being handed out, some took the hook and didn't really need it.
The Company Board members are the ones that should be doing the demanding if in fact the guy at the top can't cut the mustard, not some Communist in Washington D.C.
Well exactly which part of the argument holds no water? Even in today's job market.
The most talented people, we are talking about the top 0.05% make big bucks in their jobs. Those folks have the same rights as superstar athletes to earn their pay. Those folks have the same rights as big name actors to earn their pay.
Sure, you could replace Jack Nicholson in a movie role, but you wouldn't earn an oscar. And I'm willing to bet that you could replace Tiger Woods on the golf course too, but I doubt you'd break par.
Now go to one of these major sports figures who has a 7 figure salary and say HEY WE DEMAND YOU TAKE A 90% PAY CUT IF YOU STAY WITH THIS TEAM. What do you think they will do? They'd leave and play ball for another team! Oh, and the door wouldn't have a chance to hit them in the ass on the way out either because they'd be traveling at the speed of light out of there.
Sure, I understand that the TARP deal was bad, I said so up front. It was a deal with the devil. Now the devil is calling in his marker. The company is going to get screwed and the employee, because that is all the company president is, is going to get a new job somewhere else where they will pay him his WORTH. If the president is doing a bad job then the board can cut his pay, but in this case the Government is cutting the pay for the job, not for the man. So even a talented man won't be paid what he is worth in that job no matter what his background or where he comes from. But the reality is that even in this job market a talented executive making big bucks can get another job making big bucks at another firm. Realize the TARP money only went to a VERY small % of the firms in the US and there is a whole world out there looking for talented people.
We had a saying when I sold life insurance; "You will never sell policies larger than the largest one that YOU own." The same holds true for people who have never made big bucks or been in a bonus program. They cannot see beyond their own paycheck and the responsibilities of their own job. They fail to see the risks taken of personal finances when starting a company, advanced education and giving direction and guidance to a faltering company, not knowing if it would pay off. They are not concerned with "exceeding expectations" because in their world they just have to do what they are told to do. They are not required to have great vision nor are they required to shore up a faltering company or dig a company out of mismanagement and back on the track of profitability.
I was a Director in a company and was on a maximum 35% bonus program each quarter. You are only as good as your last success, so each quarter I was required to find cost savings equal to my salary that quarter or to find ways to increase sustainable production productivity by that same amount. Every quarter I earned the maximum bonus, and that paid all the tuition, food & housing for my two daughters who were in different colleges at that time. We were a hard working group who watched the company succeed and eventually go public, and we profited from that quite handsomely.
Without incentives like we had had, you could not expect the average worker to perform at those levels day after day, and this short-sighted anti-capitalist administration is setting these companies up for failure by pandering to the uneducated, undereducated and the underachievers in life who look at big salaries and perks as evil, because they lack the understanding and knowledge, or are not willing to put forth even a portion of the effort that these people do. Yo Mama Obama just got another handful of poor people votes at the expense of the success of these companies.
"To whom much is given, much will be expected."
I was a Director in a company and was on a maximum 35% bonus program each quarter. You are only as good as your last success, so each quarter I was required to find cost savings equal to my salary that quarter or to find ways to increase sustainable production productivity by that same amount. Every quarter I earned the maximum bonus, and that paid all the tuition, food & housing for my two daughters who were in different colleges at that time. We were a hard working group who watched the company succeed and eventually go public, and we profited from that quite handsomely.
Without incentives like we had had, you could not expect the average worker to perform at those levels day after day, and this short-sighted anti-capitalist administration is setting these companies up for failure by pandering to the uneducated, undereducated and the underachievers in life who look at big salaries and perks as evil, because they lack the understanding and knowledge, or are not willing to put forth even a portion of the effort that these people do. Yo Mama Obama just got another handful of poor people votes at the expense of the success of these companies.
"To whom much is given, much will be expected."