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Funny how the socialists devalue a CEO
Posted on 12/29/23 at 6:06 am
Posted on 12/29/23 at 6:06 am
They get pissed that she or he makes a large salary and yet have no idea what that person does to assure the survival of the company. However, the companies continue to pay this because they know a good CEO can make them better. A bad one takes years to overcome her or his tenure
31
Posted on 12/29/23 at 6:09 am to 75503Tiger
The bad get paid as well
Posted on 12/29/23 at 6:11 am to 75503Tiger
quote:
They get pissed that she or he makes a large salary and yet have no idea what that person does to assure the survival of the company. However, the companies continue to pay this because they know a good CEO can make them better. A bad one takes years to overcome her or his tenure
Talk about a great thread, groundbreaking stuff here man
Posted on 12/29/23 at 6:13 am to 75503Tiger
They get pissed about the golden parachute that is given regardless of performance.
People hate head football coaches for the same reason.
People hate head football coaches for the same reason.
Posted on 12/29/23 at 6:14 am to 75503Tiger
Stockholders for some reason refuse to really push the issue with mediocre CEOs lately, and you can argue the people tasked with making sure SH are informed (Board of Directors) tend to be friends with said CEOs.
Posted on 12/29/23 at 6:18 am to Jcorye1
how many shareholders really want this ESG crap? It cant be so many as to completely change the company by prioritizing body parts and skin color over skill.
Posted on 12/29/23 at 6:20 am to kc8876
I really just wanted to call all the clueless folks folks socialists. If a person is unwilling to put down his or her vices, apply some work ethic and be a coachable employee then they may not be able to earn a living wage.
Posted on 12/29/23 at 6:24 am to fightin tigers
Bob Nardelli comes to mind. Got paid to mismanage Home Depot and then in 2008 Chrysler......made 100's of millions.
Definition of failing upwards
Definition of failing upwards
Posted on 12/29/23 at 6:27 am to 75503Tiger
Socialists are not bright people.
Posted on 12/29/23 at 6:33 am to 75503Tiger
You’re going to be CEO one day, pal. I can feel it.
Posted on 12/29/23 at 6:35 am to 75503Tiger
I tip my landlord and CEO
Posted on 12/29/23 at 7:01 am to 75503Tiger
quote:
and yet have no idea what that person does to assure the survival of the company
Bc they don’t care nor want to. You could sit them down and explain something to them with nothing but facts and data and they still wouldn’t believe it.
They’re spoiled ideological brats who believe what they wanna believe.
Posted on 12/29/23 at 8:30 am to 75503Tiger
quote:
socialists
A severe mental disorder just like liberalism. Both need to be wiped out completely because BOTH never work in any way, shape, or form. And both are completely useless and destructive if not put down!
Posted on 12/29/23 at 8:39 am to 75503Tiger
quote:
A bad one takes years to overcome her or his tenure
And yet the bad ones still make millions.
How much money did the suits at budweiser make to run their company into the ground?
Meanwhile the people at the bottom are the ones who suffer for the decisions of a few.
You probably think our politicians are the best and brightest too
Posted on 12/29/23 at 8:41 am to 75503Tiger
Funny, you never hear them talk about millionaire athletes or artists who make untold fortunes playing games or doing lip synced karaoke
Posted on 12/29/23 at 9:17 am to 75503Tiger
Even CEOs of miserably failing companies get paid very, very, very well. I sometimes agree with Leftwats on this issue.
Posted on 12/29/23 at 9:29 am to 75503Tiger
Of course they do. They hate all facets of capitalism. They want each person, regardless of the circumstances, effort, or investment to have the same outcome. Equity.
It's just easy for a disgruntled, low earning, unskilled peons to point the finger at CEO's being overpaid. When in reality, CEO's are paid market value. If one company doesn't pay them their asking price, someone else will. Same with athletes, coaches, pop stars, and media personalities. (And one could easily argue a good CEO provides more value than these examples).
It's just easy for a disgruntled, low earning, unskilled peons to point the finger at CEO's being overpaid. When in reality, CEO's are paid market value. If one company doesn't pay them their asking price, someone else will. Same with athletes, coaches, pop stars, and media personalities. (And one could easily argue a good CEO provides more value than these examples).
Posted on 12/29/23 at 9:30 am to 75503Tiger
quote:
he companies continue to pay this because they know a good CEO can make them better.
See JPM.
quote:
A bad one takes years to overcome her or his tenure
See GE.
This post was edited on 12/29/23 at 9:55 am
Posted on 12/29/23 at 9:33 am to 75503Tiger
There are people who legitimately think that all billionaires who created companies (Musk, Bezos, Gates) had nothing to do with it and just exploited workers because “he’s not physically building those Teslas, he’s having other engineers come up with the technology.” Sorry man, the pizza delivery guy didn’t grow Papa John’s. It was the guy they destroyed who spent what little money he had on old restaurant equipment and build that company from scratch.
Posted on 12/29/23 at 9:52 am to KiwiHead
quote:
Bob Nardelli comes to mind. Got paid to mismanage Home Depot and then in 2008 Chrysler......made 100's of millions.
Definition of failing upwards
yeah lets just assume a 70+ year old started off as a ceo.
quote:
He joined General Electric in 1971[3] as an entry-level manufacturing engineer. From 1988 to 1991, Nardelli was an executive for a division of the construction equipment maker, J. I. Case Company, which was then part of Tenneco.
By 1995, he had risen to president and CEO of GE Power Systems, also having the title of GE senior vice president.
and at first he was doing well with home depot.
quote:
Nardelli was credited with doubling the sales of the chain and improving its competitive position. Revenue increased from $45.74 billion in 2000 to $81.51 billion in 2005, while net earnings after tax rose from $2.58 billion to $5.84 billion.
quote:
On August 5, 2007, he became chairman and CEO of Chrysler, which had recently been taken private by private equity firm, Cerberus Capital Management. His annual salary at Chrysler was $1, with other compensation not publicly disclosed. (It's rumored that the terms were that he wouldn't be paid unless Chrysler succeeded. If they did succeed, he would be paid a salary along the lines of $30 million.)[13]
On February 17, 2008, before his first Daytona 500 race as Chrysler CEO, Nardelli guaranteed that Dodge would win the race for the first time since 2002, and that he would award a $1 million bonus to the Dodge team that did it. Ryan Newman, the driver of the No. 12 Alltel Dodge, fulfilled this promise, and his car owner Roger Penske collected the $1 million bounty
If you looked up the definition of talking out my arse, Kiwiheads picture is there.
This post was edited on 12/29/23 at 9:59 am
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