> -----Original Message-----
> From: IBM Mainframe Discussion List On Behalf Of [various]
>
> CEO's don't face the risks for their failures. Their pay and
> benefits are guaranteed.
If they don't face risks, how/why do they get guarantees like that?
What, exactly, does a CEO "do" to warrant their "exorbitant"
compensation packages and guarantees?
Perhaps you should ask the people who pay them.
> In my experience it is the employees
> (through lower pay, lost benefits, and/or lost jobs) and the
> stockholders who pay the price for CEO failure.
It's always the "privates" who get shot, bombed, stabbed, burned, etc.,
while occasionally a "general" will get "forced retirement" but more
often will acquire another "command" with another bunch of "privates" to
get shot, bombed, stabbed, burned, etc.
Life itself is "unfair". Deal with it the best you can, and when the
time comes, move on.
> A CEO who
> destroys a company will just get his millions in severance
> and then move on to destory another company.
Why do companies seek to hire a CEO who has established a reputation as
a "destroyer"? Why would "you", as a stockholder, want to hire somebody
you *know* will leave you broke?
> You seem to be saying that the people who get the rewards, i.e.
> executives, stockholders,..., are responsible for the success
> of the enterprise. What about the efforts of thousands of
> employees whose only rewards are to be paid as little as
> possible and are then discarded like yesterdays garbage
> whenever necessary.
Aren't they? If not for them, who would provide the "meager rewards"
for the paper-pushers, button-pressers, etc.?
How much new or repeat business (revenue) have you, personally, brought
in for your current employer? Did you "get a piece of" it? If not, why
not?
How much of your employer's stock were you expected to purchase from
your own assets, as a pre-condition for being allowed to work there?
How much of your compensation do you receive as company stock or stock
options?
How much do *you* think a CEO is worth?
> The enterprise wouldn't be a going concern without them. The
> people who run the computers, shuffle papers, work with
> customers are the real heroes. The average executive is
> vastly overpaid with a ego that wouldn't fit in the Superdome.
Are you a CEO? If not, why not?
The vast majority of employees are where they are because they actively
and voluntarily sought to be there. Their positions did not come
looking specifically for them. They had opportunity to know in advance
what they were getting, and they chose to accept it. They also, by and
large, have the absolute right to tell their boss to "take this job and
shove it" at any time of their own choosing.
-jc-
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