Billionaire (with a B, folks) investor says CEO pay out of control

[Le Jacquelope]

He's saying that excessive CEO pay (especially when a company is failing) corporate waste and bureaucracy is making companies unable to compete against Asia.

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=6855157&ch=4227541&src=news

He says a lot of CEOs

"We're gonna be run by morons."

The guy who gets in the company and moves up the ladder, he's like a fraternity president, he doesn't make waves, this is the guy, this investor says, who becomes the CEO.

Wow. This ain't no tie dyed out of work liberal. This guy's an investor. A billionaire investor.

 

[HornyHenry]

He's right

You know those ballots you get in the mail when you own a stock or mutual fund, that ask you to vote for some rich guy or woman for their board?
I routinely withhold my votes from ALL of them. You cannot actually vote against them, but only For or Withhold your vote.

If the economy sucks and their company is losing money, why should we vote for them and give them millions of dollars in bonuses?

In fact, we should demand money back from them!

And if they make a profit by laying off a thousand people, should we vote because they made the report look good? What if you were one of those 1000 people?

 

[KRCummings]

You know those ballots you get in the mail when you own a stock or mutual fund, that ask you to vote for some rich guy or woman for their board?
I routinely withhold my votes from ALL of them. You cannot actually vote against them, but only For or Against them.

If the economy sucks and their company is losing money, why should we vote for them and give them millions of dollars in bonuses?

In fact, we should demand money back from them!

And if they make a profit by laying off a thousand people, should we vote because they made the report look good? What if you were one of those 1000 people?

Ummmm...couple things here. One, you said you can't vote against them then said you can only vote for or against them. HUH?
Two, you do realize (and obviously you don't) that when you don't vote you're votes are given by proxy and are going for the person already in the spot.
Yeah, pretty much your entire statement tells me that you don't have a clue.

 

[TurdFergeson]

Ahhh golden parachutes.

I always wished I could check that box in my income tax return.

lol

 

[HornyHenry]

yeah

Ummmm...couple things here. One, you said you can't vote against them then said you can only vote for or against them. HUH?
Two, you do realize (and obviously you don't) that when you don't vote you're votes are given by proxy and are going for the person already in the spot.
Yeah, pretty much your entire statement tells me that you don't have a clue.

Like it says,
Go fuck yourself idiot

 

[Le Jacquelope]

Like it says,
Go fuck yourself idiot

Dude, she pegged you but good. Now take yer beatin' and learn from it.

 

[HornyHenry]

Ummmm...couple things here. One, you said you can't vote against them then said you can only vote for or against them. HUH?
Two, you do realize (and obviously you don't) that when you don't vote you're votes are given by proxy and are going for the person already in the spot.
Yeah, pretty much your entire statement tells me that you don't have a clue.

OK, I made a typo that I have corrected.
Yes, I have a clue, do you, you rude, anal, nasty person.
You can still
Go fuck yourself idiot