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Reply #5: EXACTLY! Execs working just for the next quarter's report are a big part of the problem [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
havocmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-19-10 10:53 AM
Response to Reply #2
5. EXACTLY! Execs working just for the next quarter's report are a big part of the problem
Do ANYTHING to make the next quarterly report seem good and give yourself a big raise.

That is how NOT to have a sustainable business, but it is how things have been done for too long. So they have to shuffle a lot of paper (create new entities) to hide the losses and build mirage profits.

Not sustainable.

Someone here at DU remarked that execs now do not, have never actually built or made anything. They just deal in illusion.

When you don't make anything, or provide any real service, you don't need much of a labor force. They thing themselves genius for cutting that business expense. But they forgot that they just killed off their customer base along with killing off production.

Too many MBAs not enough makers of anything.
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  -What do you consider fair executive compensation? OnlinePoker  Mar-19-10 10:40 AM   #0 
  - you cant regulate Capitalism, just as you cannot slow or control the worst cancers  NightWatcher   Mar-19-10 10:43 AM   #1 
  - The problem with bonuses for executives is that they tend to encourage short term thinking..  Fumesucker   Mar-19-10 10:44 AM   #2 
  - EXACTLY! Execs working just for the next quarter's report are a big part of the problem  havocmom   Mar-19-10 10:53 AM   #5 
  - No more than triple what the highest paid regular laborer receives..  Winterblues   Mar-19-10 10:44 AM   #3 
  - I like the Japanese model (which Ben & Jerry follow)...  scheming daemons   Mar-19-10 10:45 AM   #4 
  - The average CEO compensation is $160k per year.  Alias Dictus Tyrant   Mar-19-10 11:06 AM   #6 
  - Bonuses and huge salary are required to insure a sociopath.  Gman2   Mar-19-10 11:08 AM   #7 
  - Minimum wage  guitar man   Mar-19-10 11:13 AM   #8 
  - I think profits should be divided equally among employees including  Cleita   Mar-19-10 11:19 AM   #9 
  - Whatever the market will bear  slackmaster   Mar-19-10 11:19 AM   #10 
 

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