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To: K4Harty
Back in the 80's "chainsaw" Al Dunlop made a killing as the "mean" old CEO brought in to downsize companies and save them. Econ. 101 says the company comes first, period.

Former hedge fund operator James Cramer of MSNBC disagrees with you about Dunlop; it's in one if his recent books.

Not saying that it's the feel good thing but when it comes to the bottom line, we all take a back seat and no job is safe. IMO

Explain the "business value" of the $140 million pension to Michael Ovitz as CEO of Disney after merely 14 months on the job; or of Carly Fiorina's money after running Lucent and then HP into the ground; or the $2 million/year pension to Jack Welch after he *left* GE.

For a good idea of how to *really* do it, look at Gerald Grinstein of Delta Airlines.

Cheers!

49 posted on 04/02/2007 8:38:51 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: grey_whiskers
James Cramer of MSNBC disagrees with you...

The ranting freak on TV, I disagree with him on a lot of things as well.

I am not a fan of the extravagant CEO comp plans. I believe that a CEO should be well compensated with a base and have the ability to make more based on verifiable metrics tha are directly relatable to him. Same for VP's etc.

52 posted on 04/03/2007 6:52:42 AM PDT by IllumiNaughtyByNature (I buy gas for my Hummer with the Carbon Offsets I sell on Ebay!)
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