Quote:
Originally Posted by t951
I cannot understand why Boards of Directors create these amazing Bonuses and Golden Parachutes for execs that are failing.
I am all for rewarding success, but these boys clubs seem to reward the members of their little groups despite the cost and damage.
My theory is simple....
Workers at the bottom get 99% compensation, 1% performance.
Entry manager get 90/10
Middle Managers 80/20
and the ratio changes as the rank rises.
CEO's get 1% compensations (really it should be 0) and 100% PERFORMANCE salary.
Company does well, so does everyone, especially the CEO.
Company does poorly, CEO gets squat and will move along.
People like Waggoner and Gettlefinger are cancer. Slowly killing everything.
|
It kinda works that way now. It's the overpaid athletes that don't work on nothing but performance bonuses.
For some reason I've never liked Mr. Wagoner and I don't know a thing about him. OTOH, I liked Ford Jr. and he got sacked.