Posted on 11/04/2004 8:57:36 AM PST by Willie Green
NEW YORK -- PeopleSoft Inc.'s former chief executive officer lied to Wall Street analysts about the company's business. So what happened to him? He got to keep his job for a year, and when he was finally fired, he walked away with a huge severance package.
This isn't the first time such nonsense has gone on in corporate America, and chances are it won't be the last. It doesn't seem to matter what top executives do wrong; they keep getting paid big bucks when they are shown the door.
Things should be only so good for the rest of us. If they are lucky, many employees who work lower on the corporate ladder get severance packages based on the number of years worked. But some companies offer only as little as two weeks' pay, according to a study released this year by Aon Consulting and the trade group WorldatWork.
(Excerpt) Read more at post-gazette.com ...
If only people actually did that, but in this 9-5 and soccer practice world no one has the time, or thinks they have the time to worry themselves about such things. IT is a lovely idea though that all such problems could be solved by the market quickly boycotting the company, problem is half of these companies got their finger in the sleeve of the media, so most normal americans who care will never find out or are just to lazy to actually do anything about it, ergo in the world we live in today the maket rarely takes care of it. Of course I say if they get away with it good for them, that just means it will be that much easier for me when im higher on the corprate ladder
"Things should be only so good for the rest of us."
This guy works at PeopleSoft?
Better yet, go apply for the job! You know you can finnish ahead at that company no matter how bad you screw up.
What about the executives at Heinz who outsourced American jobs to 57 plants outside the U.S. ?
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