You are a lefty. Why? Because when you are slammed. You just jump to another subject.
I give you the Emile Latella Award.
Posted on 12/13/2008 4:11:17 PM PST by Leisler
No my assertion is that there’s a double standard to what is considered “extreme” compensation, depending on what tax bracket you fall under.
They were needed 60 years ago, but now they are ruining everything.
Are you perhaps wearing your holster backwards?
Unless we are investors, we really don’t have standing.
I figure if a cop who barely graduated high school, took parks and recreations like courses in ‘criminal justice’ and can pull in a hundred grand, or in the case of some Mass State Troopers, over two hundred grand, then a low level executive, who basically works at will and can be fired at any time, and has no right as to hours or anything else, could well be worth 300k.
By the way, thanks to decades of conflicting laws, rules, regulations, the number of people that can navigate that blizzard and run a company are diminished.
Also, as you know, a small car company has to comply with all the laws, rules, forms, and such as a large company. This puts the small lovey-dovey Ben and Jerry type company at a disadvantage as all those expensive lawyers are costed out over a smaller gross.
So, we get fewer small companies, closer to their workers and customers, and a few really huge companies
Thank you Lefties.
(Odd how many lefties get paperpusing rule making, enforcement lawyer jobs, isn’t it? Not to mention how they don’t buy Detroit and prefer non union Honda/Toyota. Hypocrites. Or lefties. Same thing.)
I doubt anyone would have a problem with the UAW’s compensation... if they’d actually do the job they were hired to do.
Instead of doing things like leaving bolts out of steering columns, improperly torquing the few remaining bolts, and forgetting to put oil control rings on the pistons on a 2001 Chevrolet Corvette, the “flagship” and “pride” of the UAW.
If the UAW produced quality on par with the very best German assemblies, we wouldn’t be having this conversation.
A union contract gets this big because of both sides. Each trying to rip the other side. Thus what used to be a hand shake and a persons word has turned into this.
“Well some execs get MILLIONS of dollars if they’re let go after just one year...”
Think about it. As an individual, these “CEOs” probably signed a contract with the company spelling out their individual responsibility and compensation based on certain achievements. Who’s to say what a person is getting compensated for or why they were fired if you haven’t read the contract?
So, this scenario is no different for blue-collar jobs either. Individuals should be paid for the work that they do... individuals who stand out should be looked upon as a good thing... not as something to be squashed.
Since Ford has several months of finished cars that it can’t sell this would be a perfect time to announce that they are voiding their union contract. Let them strike, just use cars in the pipeline and ones brought in from their factories in Mexico and Brazil to fill the void.
Yep so companies should honor the contracts they sign and that goes both ways right?
Lending was increased regulated to force, at the cost of losing their license, banks to loan to those that they knew could not pay back.
Started in Boston in 1991 by Richard F. Styron, head of the Federal Reserve Bank of Boston, and a good friend of Barney Frank, even back then. Styron just resigned from Freddie Mac with a compensation of 20 million dollars. Styron is also a life long......guess.
So exactly what is the recourse for the corporate exec that makes poor decisions that ends up in him having to layoff 5,000 employees just to make his earnings projections???
I guess displaying good leadership and producing appealing vehicles to maintain job welfare isn’t a prerequisite of good management?
Union workers aren’t doing the jobs that they were hired to do, but execs with golden parachutes are?!
Dude, can I have whatever the heck it is that you’re smoking?
Piss poor management was ultimately responsible for giving away the shop to the UAW in the first place. The big three get everything they deserve, EXCEPT a bailout by you and I!
I see managers doing that all the time as well. Fact is that neither the manager nor the union rep is probably qualified to sevice a stamp vending machine...
Yet somehow credit default swaps were not a forced financial instrument and investment banks were never forced to be the primary lenders to home owners unlike COMMERCIAL banks.
Then those organizations, with the same building machines, that have the least inter human drag in relations, will be more competitive. Just a couple a years ago, Toyota GM produced almost the same number of cars. There was a 40 billion dollar spread, with Toyota profitable, GM not.
GM was built on spreading high management, repair, worker cost over a large amount of vehicle.
As GM produces less, it has to spread it’s high costs, of all sources, on fewer vehicles.
Building the electric go cart should do them in. Financially it’s like asking a guy with bone cancer to go on a hiking trip for a few weeks.
I think all the bailouts need to be rescinded basically. But if that’s not going to happen I certainly know who falls under the LEAST deserving list.
Who said that all the execs with golden parachutes were?
Many execs are fired every day, and they *don’t* have golden parachutes AND they won’t be able to find work anywhere else in that field again - and it’s not their fault.
You have to realize that once you get to a certain exec level and get canned, you’re never going to be able to work in that field again - in which case, whatever money you have is all you have for the rest of your life (because you’re usually too old to really start over at that point). A 55 year old UAW worker can often get a job somewhere else. A 55 year old VP of Manufacturing isn’t often going to be able to find a slot elsewhere...
So, if a company recruits you away from your current employer and you’re not at all sure that that company is going to survive even with your best efforts, you *better* ask for something to compensate you for the risks you are taking.
That’s probably why the exec has a great compensation package to begin with... Otherwise he could get a union negotiator to help hi out...
Let me put it to you this way.
Say you were offered the CEO slot at GM. Your name and face are going to be on every page in America. Everyone will know you. You know the company is going to hell in a handbasket, and that if it tanks, YOU will be associated with the failure forever. You will never be able to find another job due to the notoriety.
How much are you going to ask GM for as compensation?
You are a lefty. Why? Because when you are slammed. You just jump to another subject.
I give you the Emile Latella Award.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.