|
Edited on Wed Mar-25-09 03:46 PM by SoCalDem
This whole idiocy of paying (and or accepting) $1 to CEOs, in exchange for them running a HUGE corporation, is a smoke screen.
"They" want us to believe that , by doing this, the company is making an honest effort to control costs and help the company's bottom line. they want us to believe that these "folks" are generous souls, with only the interest of their company at heart.
Nothing could be further from the truth.
The real issue here is to keep "key-people" in place, within the company, so they can continue to control things and of course, to "tidy up", before regulators show up and start peeking into corners & basements.
It's very much like buying a $1 lottery ticket NOW, and knowing that when you scratch it off at a later date, that it's a winner...a big winner. How do they "know" that? Because their "guy" inside the lottery, has set aside a "special" ticket....just for them..
Years ago (maybe some still do this) , companies had something called "profit-sharing". They gave end of year accountings to their employees (or posted it), and each employee got his/her share pf the profits at the end of the year. Technically, this was a "bonus", but it was tied to the OVERALL health & solvency of the whole company, and everyone got a piece of the pie. People knew the criteria, and the guy who fgot $800, knew that others got a lot more than he did, but did not begrudge them theirs...
Employees also saw that in yeare when the company LOST money, there would be no profit TO share, and they might even have to think about layoffs...but it was all out there for them to see.
These days, people get angry enough to "take up pitchforks" because of the secret deals, the private "contracts", that promise a select few, a shit-load of money at the end of their contract, instead of just paying them a high salary to begin with, and then terminating the ones who do not end up deserving that high wage.
For a company to be making contracts with employees, for payment of high bonuses that are NOT tied to profitability, is insane.
Most people know that when times are good, they DESERVE a share, just as people are more willing to take cuts when times are lean.
For fat-cats to continue to get mega-bucks, while companies are literally broke and lapping up taxpayer money by the bucket-full, is crazy and dangerous.
They set up a system that no longer works.
|
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
