41–50 of 112 posts
"I'll hire you for $50 million, then you hire me for $60 million, think how much value we just brought to the company."
It's really sad how wildly distorted executive compensation has gotten. The best phrase I heard was "entrepreneurial reward for managerial duty", and I fear it's become all-too-common. My eyes popped out of my head recently when I saw that Coca-Cola (yes, that same drink company that's done just fine for over a hundred years and whose organic growth rate might be 1% if they're lucky) was trying to give management $13…
Earlier quoted context omitted.
I have to disagree. I'm currently in Asia and /everyone/ appears to be using a yahoo email. I even created some gmail addresses for them, but it just doesn't appeal to them.
From what I've heard, this is because many Asian countries have a culture of information flashbang. The Yahoo homepage is extremely cluttered and busy, which fits in with what they expect. The Google homepage, in contrast, is just an empty abyss they can't get anything from. Here in the States we seem to value minimalism, which might be one of the reasons people go to Google (aside from it being a great search engine…
Earlier quoted context omitted.
> for a non-Steve Jobs CEO What does that even mean?
Just that Jobs turned a company from the brink of failure to the most successful tech company pretty quickly. But since Apple is an outlier, I was interested in hearing about any other examples of CEOs who have caused big improvements in short amounts of time.
[0] http://www.amazon.co.uk/Good-To-Great-Jim-Collins/dp/0712676...
It's really sad how wildly distorted executive compensation has gotten. The best phrase I heard was "entrepreneurial reward for managerial duty", and I fear it's become all-too-common. My eyes popped out of my head recently when I saw that Coca-Cola (yes, that same drink company that's done just fine for over a hundred years and whose organic growth rate might be 1% if they're lucky) was trying to give management $13…
I don't know where you work or what you do for a living, but I've heard a similar rant about executive pay from hundreds of people, whereas I've only ever seen a handfull of people trying to do something about it.
So, I propose to you, if this hurts your sensibilities so much, what are you doing about it? Are you continuing to feed the machine by working as one of their employees? Are you participating by trying to create an aqui-hirable startup? Or are you pushing to enact change?
Earlier quoted context omitted.
> for a non-Steve Jobs CEO What does that even mean?
Just that Jobs turned a company from the brink of failure to the most successful tech company pretty quickly. But since Apple is an outlier, I was interested in hearing about any other examples of CEOs who have caused big improvements in short amounts of time.
So, Jobs was an outlier. But the eulogizing is starting to get out of hand.
Earlier quoted context omitted.
> for a non-Steve Jobs CEO What does that even mean?
Just that Jobs turned a company from the brink of failure to the most successful tech company pretty quickly. But since Apple is an outlier, I was interested in hearing about any other examples of CEOs who have caused big improvements in short amounts of time.
I can think of a few faster turnarounds: Lee Iacocca at Chrysler or Gerstner at IBM. Howard Schulz is another example of a founder returning to the company to turn it around.
Some of these have done a better job than others of lasting through the turnaround CEO (and others it's too soon to tell).
It's really sad how wildly distorted executive compensation has gotten. The best phrase I heard was "entrepreneurial reward for managerial duty", and I fear it's become all-too-common. My eyes popped out of my head recently when I saw that Coca-Cola (yes, that same drink company that's done just fine for over a hundred years and whose organic growth rate might be 1% if they're lucky) was trying to give management $13…
Side note: asset bubbles pop. Executive pay is not an asset. I don't know where you work or what you do for a living, but I've heard a similar rant about executive pay from hundreds of people, whereas I've only ever seen a handfull of people trying to do something about it. So, I propose to you, if this hurts your sensibilities so much, what are you doing about it? Are you continuing to feed the machine by working as…
This is a suboptimum outcome, in our opinion. Watching inequality rise dramatically over a few short decades only bolsters the belief that these are suboptimal outcomes.
And watching these unmeritorious fools perform poorly while being paid thousands of times the average pay of their own staff is disheartening. It's obviously not a meritocracy. It's obvious that the extravagant, suboptimal pay scheme isn't buying quality leadership, nor is it rewarding any kind of out-sized risk on the part of management. Tiny risk compared to venture or entrepreneur, small or negative benefit, massive reward.
It's really sad how wildly distorted executive compensation has gotten. The best phrase I heard was "entrepreneurial reward for managerial duty", and I fear it's become all-too-common. My eyes popped out of my head recently when I saw that Coca-Cola (yes, that same drink company that's done just fine for over a hundred years and whose organic growth rate might be 1% if they're lucky) was trying to give management $13…
Side note: asset bubbles pop. Executive pay is not an asset. I don't know where you work or what you do for a living, but I've heard a similar rant about executive pay from hundreds of people, whereas I've only ever seen a handfull of people trying to do something about it. So, I propose to you, if this hurts your sensibilities so much, what are you doing about it? Are you continuing to feed the machine by working as…
The way that one solves cultural problems is mainly by talking about them. If enough people are saying, "Hey, this prohibition thing doesn't work," and do it for long enough, then eventually the unquestioned cultural assumptions dissolve.
So my question for you is: why are you standing in the way of people doing something about it by being a jerk?
[1] http://en.wikipedia.org/wiki/Managerialism
[2] http://www.amazon.com/Confronting-Managerialism-Business-Eco...
I also don't really buy that firing him cost this much, since much of it seems to have been a sunk cost. That stock was going to vest eventually whether he was fired or not, it just vested faster because he was fired.