Well, it looks like GM's Board of Directors voted today in Germany that it will halve its $2 per share dividends as another way to try and save money.
I feel no pity for this corporation for they have made their own bed. You have these overpaid executives, who buy the supplies for their product from over seas. I'm not sure when the majority will see this, but if you don't pay Americans for labor or American companies for supplies, then Americans won't have the money to support your product. It's the whole circle of life thing here.
Do these top executives really bring the value to the companies to justify the compensation? Then on top of that you have the "Golden Parachutes" that the get after a limited time in service. Honestly, I can't see anyone bringing over a million dollars worth of value to a company, just on their own fruition. I can see a sales position, but that is based on comission. I just can't see someone who contributes no labor, no sales, and is not the founder of the company to bring that kind of value. Maybe I am missing something in the big picture, but it is hard for me to believe that those companies are getting a return on that investment that is worthy of the hefty investment.
I see with the local company HealthSouth, there was a scandal of which the founder CEO was acquitted of fraud, though that is questionable in my mind. He made millions off of this company and his minions got pinned. There is no way a CEO doesn't know what is happening when there is financial mismanagement. Should he truly be ignorant of what is going on, is he worth his pay? This man did not, and still doesn't live a meager humble lifestyle. He had a cigar boat that cost $120,000, then spent over $200,00 for the rights to paint it with the Monopoly theme. You don't spend money you earn in this fashion. This is how you spend "free" money.
I feel no pity for these people, nor should you, for failing due to greed, deceit and lies. But we need to pay attention to these trends, because even when we see these companies hurt and fail, so will we, the American public. I just wonder how much more sound a company will be when it supports not only its employees, but support its consumers also.
I know I rambled a lot, but there is an idea in there somewhere.
Snappy
I feel no pity for this corporation for they have made their own bed. You have these overpaid executives, who buy the supplies for their product from over seas. I'm not sure when the majority will see this, but if you don't pay Americans for labor or American companies for supplies, then Americans won't have the money to support your product. It's the whole circle of life thing here.
Do these top executives really bring the value to the companies to justify the compensation? Then on top of that you have the "Golden Parachutes" that the get after a limited time in service. Honestly, I can't see anyone bringing over a million dollars worth of value to a company, just on their own fruition. I can see a sales position, but that is based on comission. I just can't see someone who contributes no labor, no sales, and is not the founder of the company to bring that kind of value. Maybe I am missing something in the big picture, but it is hard for me to believe that those companies are getting a return on that investment that is worthy of the hefty investment.
I see with the local company HealthSouth, there was a scandal of which the founder CEO was acquitted of fraud, though that is questionable in my mind. He made millions off of this company and his minions got pinned. There is no way a CEO doesn't know what is happening when there is financial mismanagement. Should he truly be ignorant of what is going on, is he worth his pay? This man did not, and still doesn't live a meager humble lifestyle. He had a cigar boat that cost $120,000, then spent over $200,00 for the rights to paint it with the Monopoly theme. You don't spend money you earn in this fashion. This is how you spend "free" money.
I feel no pity for these people, nor should you, for failing due to greed, deceit and lies. But we need to pay attention to these trends, because even when we see these companies hurt and fail, so will we, the American public. I just wonder how much more sound a company will be when it supports not only its employees, but support its consumers also.
I know I rambled a lot, but there is an idea in there somewhere.
Snappy
posted by Snappy | 2/07/2006 04:28:00 AM
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