Re: Can I pull this boat?

Eisboch wrote:
"HK" <payer33859@xxxxxxxxxxx> wrote in message news:6fdiflFb03o7U1@xxxxxxxxxxxxxxxxxxxxx


What *I* stated was that the U.S. car makers were poorly managed, with overpaid white collar mid and upper management. Many large U.S. corporations grossly overcompensate "management." There have been plenty of news stories about the tens of millions of dollars paid to top execs at the same time the companies they run are failing.



Why were they poorly managed if, in the case of GM, they had record corporate profits and paid regular, consistent dividends to the shareholders for most of the past ten years? Plus met all the contractual obligations to current and retired employees?

Take care of the business ..... the business will take care of you. It's how it works, and there's nothing wrong with big paychecks for those with the most responsibility.

Eisboch


Now *that* is funny. Take care of business and business will take care of you. I'm sure that song plays well to the millions of American workers who have lost their jobs because of crappy management, and the millions who have also lost health care benefits, pension benefits, and much more, despite giving all they had to "the business," and of course, let's not forget the millions of American workers who have lost long-held jobs because corporate management determined it would be "cheaper" to build or service their product in China, India, or wherever.

Take care of the business for which you work, and, if it gets the chance, the business for which you work will eliminate your job, your health care, your pension. Or it will simply underfund its pension liabilities.

Sorry, but I don't believe that "shareholder equity" is any more valuable than "worker equity." What many corporations in this country seem to do best is to discard workers like used paper towels.

Note I said many...I did not say all.


Oh...and there is something wrong, very wrong, with the huge disparity at many corporations between average pay and "executive" compensation.

.

Relevant Pages

  • Re: Can I pull this boat?
    ... Many large U.S. corporations grossly overcompensate "management." ... the business will take care of you. ... What many corporations in this country seem to do best is to discard workers like used paper towels. ...
    (rec.boats)
  • Re: Can I pull this boat?
    ... Many large U.S. corporations grossly overcompensate "management." ... the business will take care of you. ... What many corporations in this country seem to do best is to discard workers like used paper towels. ...
    (rec.boats)
  • Re: Can I pull this boat?
    ... Many large U.S. corporations grossly overcompensate "management." ... the business will take care of you. ... Take care of the business for which you work, and, if it gets the chance, the business for which you work will eliminate your job, your health care, your pension. ... What many corporations in this country seem to do best is to discard workers like used paper towels. ...
    (rec.boats)
  • Re: Can I pull this boat?
    ... overpaid white collar mid and upper management. ... the business will take care of you. ... What many corporations in this country seem to do ...
    (rec.boats)
  • Re: Test Banks and solution manuals
    ... Taxation of Business Entities, 2010 edition, 1st Edition ... Management Communication: ... John E Gamble,Arthur A Thompson ... Fundamentals of Multinational Finance, 3/E ...
    (sci.math)
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