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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » CEO takes 46% increase in... » Reply #4

Response to liberal N proud (Original post)

Mon Dec 10, 2012, 04:38 PM

4. One of the many problems with the

idiotic way we pay executives in this country. Much of this is because of the nepotistic nature of Boards of Directors where a CEO will serve on his buddies boards in return for the same favor so they can all perform the stock ticker reach around.

They call it pay based on performance and one of the easiest and laziest ways to pump up "performance" is to cut workers which jacks up the stock price because of cost cutting and perceived performance increases.

The downside of this cutting isn't felt for a couple of years by which time the scumbag CEO and his minions on the high floors have already bled the company of pretty much all of the artificially high stock price dividends.

When the downside is felt the "OMG aren't we outraged" brigade of directors "forces" the asshole CEO out with a buyout of unfunded millions. Asshole CEO is still on the other boards and reciprocates in kind.

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Arrow 4 replies Author Time Post
liberal N proud Dec 2012 OP
Liberal_in_LA Dec 2012 #1
liberal N proud Dec 2012 #3
liberal N proud Dec 2012 #2
LineNew Reply One of the many problems with the
sharp_stick Dec 2012 #4
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