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[Fud] Another AMD VP is gone - Page 3

post #21 of 38
dah dah dah, another one bites the dust, another one down and another down and another one bites the dust
post #22 of 38
If you want universal fairness in wages you want communism. Executive salaries are what they are because the market makes them as such. Until there is a central body deciding wages you will have huge disparities between what people earn and what they "deserve." If a CEO is making a seven figure salary, it is because the company (and indirectly the market) is willing to pay him seven figures for his work, and because he is not willing to do that work for less. This is obviously a huge generalization, but you get the point
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post #23 of 38
I found this interesting article that talks about CEO compensation and how companies decide how much to give.
Link
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post #24 of 38
Quote:
Originally Posted by SpuddGunn View Post
Sorry gex80 I have to disagree

Over here our footballers (proper football ) earn vast amounts of money and for what?? A few hours training each week, then a game or two during the same week.

You'll hear pundits saying 'Its a short career', well what happened to getting another job after football !!?? Everyone else has to when there career ends at 35.

It's the little people that make CEO's look good, they dont do the front line stuff which makes the company money or deals with the customer (make things, answer calls etc)
i ment american football not soccer. Soccer players dont take a hit as hard as foot ball players.
    
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post #25 of 38
Quote:
Originally Posted by gex80 View Post
i ment american football not soccer. Soccer players dont take a hit as hard as foot ball players.
Soccer is the most dangerous sport you can play, if I'm not mistaken.

And even still, rugby players get hit just as hard as football players, and they aren't even wearing pads.

Back on topic, the issue with CEO wages isn't something that everyone else can arbitrarily decide. If an exec works at a company, and that exec wants to pay himself a million dollars a year, then that's up to the company to decide whether or not he's worth a million dollars a year. If you don't feel that the CEOs should be paid that much, then don't support that company. There really isn't anything else you can say if the CEO is earning his salary scrupulously and legally.

Athletes are almost the same. Athletes get paid millions of dollars a year because we (referring to Americans especially) just looooove our baseball and just looooooove our football and just loooooooove our athletes, so we find no problem in paying $6 for a nasty hot dog or $20 for some piece of crap souvenir. It's pretty sickening, when you think about it. We get in such a fuss over CEOs making millions of dollars a year by being a high-ranking official in a corporation and doing nothing (in our judgemental eyes), and yet we'll happily provide for athletes and their million dollar lifestyles by watching them PLAY A GAME. And all this time, we pay firemen, nurses, police officers, and other much more important people like chumps.
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post #26 of 38
Quote:
Originally Posted by USFORCES View Post
I worked at a company years back the CEO was getting around a million a year, I was a truck driver and we only got a bonus if the company sold 5 million a month which I was happy with I got good bonuses anyhow the company was selling over 5 million a month but started losing money so after a few months of this they took our bonus away anyhow the head guys in the office still got them, funny thing is it was there fault we were losing money two years later the CEO gets let go but it was to late and the company went under and everyone lost their jobs.
I'm not puting you down, but how can you compare what you did with the CEO ? Your job was to drive stuf from a to b in a set given of time.

The CEO was in charge of running the whole business o.O I'm sure his position was riskier than yours! CEOs are in charge of who to hire, set the rules and guidelines the company works at, what market strategies to follow, what appraisal systems to use.

Its not as simple as half the people make it out to be
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post #27 of 38
THe position is not the same, true. CEO's and other executives often get fired after some bad anouncements (usually very bad though). While the CEO has to be in charge of the company, he does macromanagement. He assigns each aspect of business to a VP who then manages that subsection. IN the end they bring him (or her) all the reports and he/she makes the big decisions. However the decisions are "Should we stop producing this product line or not?", which I believe isn't a hard decision to make either way once you've been presented with executive summaries that simplify the task.

I'm just saying, while CEO's may work hard (some), they are not always in an office. They put in hours but often those are for entertaining clients, power lunches, travelling to other countries (and I find it hard to believe they are doing business the whole day once there). I find the costs of a CEO outweigh the benefits or productivity or value added.

Lastly, I refuse to follow capitalism blindly. Simply because you grew up in a free market society does not mean that whatever someone earns "must" be fair. I fail to see how market inefficiencies are not created. There are ways to deal with it, such as rewarding them more on performance and less on base salary, which is the current trend.

Explain to me how following a multi-billion dollar writedown(about $8 billion at the time) Stanley O'Neal leaves Merril Lynch and is offered a $161.5 million compensation package. Sure he's been with the company for a long time (maybe 20 years or so) but it isn't like he wasn't compensated during those years. He was paid like any other CEO of a major company, millions of dollars. Why does he need to be rewarded with a vast fortune again after being one of the bigger players, at least publicly, for a possible recession? He has the final say and is ultimately held responsible for the investments that went awry.

Explain to me how he was given so much considering this is the effect of his mistake:
http://finance.yahoo.com/echarts?s=M...=0;logscale=on


OT: I thought hockey was more dangerous than european football (soccer here)

Quote:
Originally Posted by Firann View Post
I'm not puting you down, but how can you compare what you did with the CEO ? Your job was to drive stuf from a to b in a set given of time.

The CEO was in charge of running the whole business o.O I'm sure his position was riskier than yours! CEOs are in charge of who to hire, set the rules and guidelines the company works at, what market strategies to follow, what appraisal systems to use.

Its not as simple as half the people make it out to be
post #28 of 38
AMD is such a contrast to the company it used to be, its a shame
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post #29 of 38
Quote:
Originally Posted by gex80 View Post
i ment american football not soccer. Soccer players dont take a hit as hard as foot ball players.
Quote:
Originally Posted by Sekigahara View Post
Soccer is the most dangerous sport you can play, if I'm not mistaken.

And even still, rugby players get hit just as hard as football players, and they aren't even wearing pads.
Quote:
Originally Posted by jigglylizard View Post
I thought hockey was more dangerous than european football (soccer here)
Nah I'd say rugby is the most dangerous ball game. Kinda sorts the men from the boys.

As for soccer players not taking a hit as hard as football players, check out Eduardo's injury (plays for Arsenal) - and that was accidental

Back on topic: Just think how many more scientist/cpu designer types that they can now hire since they no longer have a big CEO wage on their books. Ok they will get a big pay off but once thats gone, it will all be good.
    
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post #30 of 38
well might be for the best, they obviously need to shake things up.
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