51–60 of 153 posts
Earlier quoted context omitted.
Hardly. A captain steers the ship, but it's the rest of the crew that sails the boat. You can steer to your hearts content, but without the right team and culture, you aren't going anywhere.
But with the right team and culture and a drunk dimwit at the helm, you'll still going to crash.
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People doing what they want to do with their own money is "unbecoming of the principles of the free market"? WTF?
Hey, ease up. It must be terrible to be enslaved to a worldview that has accumulation of wealth as its ultimate goal.
Earlier quoted context omitted.
Hardly. A captain steers the ship, but it's the rest of the crew that sails the boat. You can steer to your hearts content, but without the right team and culture, you aren't going anywhere.
But with the right team and culture and a drunk dimwit at the helm, you'll still going to crash.
Guts. This guy has guts. Hoarding away a 3m bonus like that has an implicit statement of "I'm afraid for my own fiscal future to the tune of 3m dollars" stamped on it. Instead, he gives it away, telling the world and his employees that he is confident, nay, OPTIMISTIC about the company's future. To contrast, take the typical American CEO: he or she would have taken this money, offshored it, spent another couple of ye…
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Why? Here in the US we have a cultural flaw where we irrationally conflate equilibria in the supply/demand of labor with distribution of credit for a company's success. The CEO gets paid a lot more because there is a much smaller supply of people who have the pedigree/qualifications to be CEO than to be a line worker. There is no chain of logic that can take you from there to the conclusion that he's more important t…
I think that's incorrect. It's not like if being a CEO was harder that many technical jobs. In fact, it's usually a whole lot easier. It is however about the amount, you're right on that. There is 1 CEO and there are 10 000 employees. It's much easier to pay 1 CEO "a lot" than 10 000 employes "a lot". (and to become CEO you have to look good/smart/etc but you don't have to be or work hard . You can however stab peopl…
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I'd say it's exactly the other way round: the CEO definitely has to make decisions that impact the company far more than what 10,000 line workers do, for better or for worse. The open question is whether the commonly used pedigree/qualifications that decide who gets to be CEO actually enable people to make substantially better decisions.
Without the line workers, there is no product. Without a CEO there is no product. They're both but-for causes (in the legal sense), and in that sense equally indispensable. What you need is a sensitivity analysis, of profitability of the company versus changes in CEO versus line worker performance. I'd imagine you'd find that a 20% efficiency jump in the line workers would have a much bigger change on the bottom line…
Earlier quoted context omitted.
Without the line workers, there is no product. Without a CEO there is no product. They're both but-for causes (in the legal sense), and in that sense equally indispensable. What you need is a sensitivity analysis, of profitability of the company versus changes in CEO versus line worker performance. I'd imagine you'd find that a 20% efficiency jump in the line workers would have a much bigger change on the bottom line…
CEO takes two weeks off. What happens to the company? 10,000 "low-level" employees take two weeks off (all at once.) What happens to the company? Companies operate without CEOs while boards seek candidates. Companies can't produce product while it seeks 10,000 replacement workers. As long as we have the chief executive on one hand and the workers on the other, that is.
Guts. This guy has guts. Hoarding away a 3m bonus like that has an implicit statement of "I'm afraid for my own fiscal future to the tune of 3m dollars" stamped on it. Instead, he gives it away, telling the world and his employees that he is confident, nay, OPTIMISTIC about the company's future. To contrast, take the typical American CEO: he or she would have taken this money, offshored it, spent another couple of ye…
In buddism, the term for discipline is the same turn used for morality. ( they dont make the distinction )
You, here, interrestingly, suggest that a relationship between morality and guts.
Im not agreeing or disagreeing with anything in particular here. Just considered the contrast interesting.
That's nice. I wonder what the tax consequences were.
They should have been zero for him and an increase of $314 USD in revenue per employee.
Your allowed to give each individual 13K (last time I checked) in gifts each year—but there's a lifetime limit to watch out for. In either case, even if there were issues with gift tax, it would be the gifter that would have to pay the tax, not the recipient. So, it would still be a win for the employees. Good for them, and for him.