Yep, the problem seems to be that no matter how big of mistake any CEO
makes, they will still make money. Which leads to bad CEO's getting
practically praised for making bad decisions. If I gave my dog a plate
full of fresh bacon every time she pooped on the carpet, I would expect
much the same results.
The REALLY stupid part is for some reason, there are companies out there
who are already probably chomping at the bit to get a 'high-profile' CEO
like Bob Allen of AT&T on THEIR executive team, just so that they can have
CEO with a big name. Nevermind the fact that his track record as a CEO
sucks like a Hoover, he's got a big name, right? that's all that should
count, right?
Wrong.
I've seen so many bad CEO's run companies into the ground, I should get a
freakin' medal for not hitting them with a LART on sight. Bad CEO's will
continue to line their pockets at our expense until one of them ACTUALLY
gets punished for making decisions that an average garden slug would have
the better sense not to. And I'm not talking fines, people with money,
will always have money for little piddly $10 million dollar fines,
especially when they've got more socked away than any of us will ever
know. I'm talking PRISON, Sheriff Joe style. Bad CEO's are criminals, no
different than some doofus who goes in and robs a fedrally-insured bank,
except they rob people, REAL people.
I think that everything happening in business (Enron, etc) should serve as
a warning to bad CEO's everywhere. You can only trample on the employees
that are trying to succeed just as much as you for so long. I'm not a
superstitous or religious man, but Karma can be a serious bitch, and I
hope that the good St. Karma shows the CEO's just as much compassion and
respect that they have shown to their employees.
-T
On Sat, 23 Feb 2002, George Toft wrote:
> Hmm...
>
> CEO gets $4 million severence (Bob Allen at AT&T) for upsetting
> the Board of Directors.
>
> Joe FTE gets 4 months severence and $205/week for 12 weeks
> (friend at Amex) for upsetting his manager.
>
> Who's the idiot again? :)
>
> George
>
>
> Digital Wokan wrote:
> >
> > I wouldn't hold my breath. I think businesses will continue to do
> > really stupid things for as long as CEO's get stupidly large bonuses
> > when they get kicked out for their overly stupid decisions. Companies
> > shouldn't have to pay management to go the hell away and not darken
> > their door. Let them collect the $205/week unemployment like the rest
> > of us. (Adjust for whatever state the idiot lives in.)
> >
> > John Kloian wrote:
> > >
> > > I firmly believe in deregulation, but the boom in the CLEC market and
> > > their practices seem to have been a death sentence. Its really funny,
> > > take a voice T-1 for example. Qwest is forced by the federal tariffs and
> > > the Arizona Corporation commission to sell it at a certain price, however
> > > MCI and AT&T or any other CLEC can sell it for upto 35% less than the
> > > ILEC and they do all the time. Now granted the CLEC losses money on every
> > > deal, but they figured they get vertical sales from the customer. this
> > > has been going on for some time. Plus the CLEC's by billions of dollar of
> > > service from each other. this looks good on the books, but the minute one
> > > decalres bankruptcy everyone suffers as a result. this is what we are
> > > seeing happen right now. When Global Crossing declared bankruptcy they
> > > force XO to right off 7.35 billion on their books, obviously that hurt and
> > > is one of the reasons XO is about to file chapter 11.
> > >
> > > In the end this shakedown will probably be a good thing, but we'll more
> > > than likely be stuck with one ILEC until some new players pop up.
> > > Hopefully the business practices will change slightly.
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