OT : New York Igglephans and Slizz

[stjoebirdsfan]

Yes, by putting assholes with pedigrees on pedestals. those who stuff their pockets with millions while adding nothing to their Corporations... a la Chainsaw Al Dunlap who decimated Philadelphia's Scott Paper and took $100 Million to basically fire 11,000 people. They could have hired a monkey to hand out pinkslips. 95% of CEO's are Dbags

Gotcha. That's well reasoned and logical.

[stjoebirdsfan]

What is the number you are looking for? One gazillion dollars?

I don't know. I'm not a headhunter. And I didn't say CEOs should make more than they do, Just wasn't sure what you we're getting at and if you had any source material, etc.

[IronEagle]

I don't know. I'm not a headhunter. And I didn't say CEOs should make more than they do, Just wasn't sure what you we're getting at and if you had any source material, etc.

Some CEO's are visionary and transcendental... Steve Jobs, Henry Ford, Bill Gates. I feel they deserve all they made.

But a lot of the people who run established companies aren't that much more talented than a lot of the people in their company. Furthermore, a lot of them had little to do with building those companies. They are replaceable cogs.

That's right most CEO's are replaceable cogs.

I guess I think there is a lot of cronyism in capitalism these days. It's not that different than the cronyism that used to exist in the Soviet Union in my opinion.

Best thing that could happen IMO is for Artificial Intelligence to replace the CEO. But's that unlikely to happen for a while and I think we both know why.

[stjoebirdsfan]

I don't disagree. There are an alarming number of corporate executives that are underperforming dirtbags who skated through their MBAs based on privelege and family ties. For a million different reasons, the classes coming out of HBS, Wharton, and their ilk are just full of rich prep school kids getting cushy jobs, then having their own kids that in turn do the same.

I just disagree with the notion that anyone can do it, and they're all incompetent crooks. That's all. As for their pay, I was just seeing what you meant in more detail.

[royal]

Yeah, he's probably using numbers & facts.

[RSE]

I'd like to think that most of the best CEO's have come up through the ranks of their businesses and are more or less lifers. However, often times those same CEO's don't have the flexibility to move their companies with the times by the very virtue of being lifers. Case in point, IBM.

I've been dealing with CEO's for almost thirty years, and I'll be damned if I can identify one single philosophy of why the good ones are good and the bad ones suck. I've dealt with assholes who run magnificent companies and decent men who've run their companies into the ground.

[RSE]

This

Seriously USA has less social mobility than most "western" counties.

Is bullshit.

[T.D-Bag]

Your Opinion

Is bullshit.

is worthless

[T.D-Bag]

????

Gotcha. That's well reasoned and logical.

If you think so

[TerpEagle]

Credible source.

"Arnobio Morelix, a student at the University of Kansas School of Business, found himself asking the same question, so he did some financial modeling based on McDonald’s annual reports and data sets submitted to investors."

You've actually not sourced anything in this dicussion but you did use the term "I'm pretty sure".

[TerpEagle]

Anybody can flip a burger...few can be a CEO

http://www.motherjones.com/politics/2013/07/bear-stearns-executives-wall-street-recession

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Five years later, the executives that were in charge of Bear's headlong dive into the cesspool of subprime mortgage lending hold similar jobs at the most powerful banks on Wall Street: JPMorgan, Goldman Sachs, Bank of America, and Deutsche Bank.
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