Originally Posted by headcase9
Honest question FuNk, what would you see as a good system here? If this particular situation is a problem (or representative of a problem) what do you see as the solution? salary caps for CEO's/ execs? no layoffs for profitable companies?
The system we have is good but it needs adjustment. In my opinion the primary problem in the US is corporate personhood. Most of what I would state is political and I can't delve into it but feel free to PM me.
From there, I would legally make people accountable at corporations. It's beyond me how CEO's are always responsible for a company's success yet never held accountable for its failure or lawbreaking. And with many CEO's they just PRETEND at success b/c many of them jack up companies long-term viability in the name of short term profits. Which is what Carly Fiorina did to HP.
There also needs to be division between the BoD and a CEO. They just essentially pat eachother's backs for the sake of better bonuses for eachother and there is no real corporate oversight or accountability. How telling is it that Carly Fiorina could completely kill the corporate culture at HP, go against Hewlitt's son and STILL not get voted out in proxy vote?! I mean CEO's essentially have to kill someone on TV to get fired and even then I bet they'd get a $100 million golden parachute.
Originally Posted by headcase9
And as for the banking industry, no one who is bailed out by the government should be able to give bonuses to an exec, at least until paying off their debt. seems kinda stupid. I think this is a different kind of situation though.
Yes this is a completely different situation but up until the early 80's it would be seen as heartless for a corporation to fire 600 people in the midst of making so much money. Corporations are all about share holders but only 15 yrs ago corporations felt they had an obligation to the workforce that made them who they are.
Think about that for a second. Your workforce represents you and makes you what you are, not some faceless investors. If you take care of your workforce and your customers, the investors will come regardless b/c the business will be there. Book smart guys with MBAs cant figure that out b/c they're so street stupid.
Originally Posted by Joephis19
You obviously missed my point.
LIFE ISNT FAIR.
You should click the link and purchase a helmet.
And some tissue.
You obviously miss my point but funny enough what America is founded on is that everyone gets a fair shot. Life may not be fair for each and every one of us but the principle idea of America is that we all have the ability to rise to the top. Unfortunately this country is slowly forming into a Corporatocracy or an Oligarchy where the few STAY in positions of power. How it came to be that so many of my generation forgot this and somehow adopted your selfish POV is beyond me.
Those with money use money and influence to get their children the best college education. The parents then use money and influence to get their children into executive positions. Rinse and repeat for generations. Same goes for politics. Ask yourself how many middle class politicians we have in DC?
Meanwhile the rest of us try to struggle with somehow trying to go to middle or lower level schools and affording that $30k a year tuition and when we get out we aren't guaranteed squat for a job that will even pay that $60k-$120k in student loans, let alone all of life's other bills.
Originally Posted by PrimeBurn
I don't think he missed your point, it is just that your point isn't relevant.
This isn't a matter of some abstract "LIFE" being unfair. It is a systemic problem that is degrading the standard of living for most Americans. It is the current political/legal/business structure that is unfair. And that can be fixed, and it is going to be fixed by people that aren't going to be silenced by petty bullying such as calling them crybabies for speaking out.
I could not have said it better myself. + RepEdited by FuNkDrSpOt - 3/2/12 at 9:19pm