trinityvixen (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
trinityvixen) wrote2008-09-17 10:47 am
trinityvixen) wrote2008-09-17 10:47 am
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Let's play pretend
Say you were grossly incompetant at your job. Say you got fired for being so bad at it that you ran the company into the ground. How well would you be rewarded for that in your severance package? You'd get the bare minimum--maybe two weeks salary, maybe benefits for that time, maybe.
Think you'd get $47 million!?!
And this is why no, I don't think there are man hours to dollar ratios of how much your work is worth, but you better fucking believe no one, especially not a resolute FAILURE of a CEO, is worth $47 million just to get rid of. Just goes to show: when in doubt, FAIL BIG.
A.I.G. is now getting $85 billion from the federal government. While it's not true that we, the taxpayers, are paying directly for this guy's incompetance and his grossly bloated severance package, it sure does feel scummy knowing that he took $47 million out of a company that was going to nose-dive only a few months later to the tune of $85 billion of our money, doesn't it?
I cannot believe the CEO salaries are justified as it is. So you better believe I don't buy for a goddamned second that these ludicrous going-away things are worth the paper their millions are printed on. When someone fails to keep a business thriving, that business, if it's a corporation (which only exists to make money) really, really shouldn't reward the person causing so much loss with money. Just doesn't seem good business, let alone anything like common sense.
Think you'd get $47 million!?!
And this is why no, I don't think there are man hours to dollar ratios of how much your work is worth, but you better fucking believe no one, especially not a resolute FAILURE of a CEO, is worth $47 million just to get rid of. Just goes to show: when in doubt, FAIL BIG.
A.I.G. is now getting $85 billion from the federal government. While it's not true that we, the taxpayers, are paying directly for this guy's incompetance and his grossly bloated severance package, it sure does feel scummy knowing that he took $47 million out of a company that was going to nose-dive only a few months later to the tune of $85 billion of our money, doesn't it?
I cannot believe the CEO salaries are justified as it is. So you better believe I don't buy for a goddamned second that these ludicrous going-away things are worth the paper their millions are printed on. When someone fails to keep a business thriving, that business, if it's a corporation (which only exists to make money) really, really shouldn't reward the person causing so much loss with money. Just doesn't seem good business, let alone anything like common sense.
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