To: chrisser
“It takes a helluva good executive at the reigns of a struggling company to get it back into profitability”
If the CEO is incompetent while making $100 Million, then what?
Would love to hear you and others if we subsituted “GM” for “Wall Street”
109 posted on
01/30/2009 12:30:38 PM PST by
Red in Blue PA
(If guns cause crime, then all of mine are defective.)
To: Red in Blue PA
“If the CEO is incompetent while making $100 Million, then what?”
Executive compensation is determined by the Board of Directors. If he is truely incompetent shareholders should demand the CEO be ousted. There is no role for goverment in this process.
To: Red in Blue PA
If the CEO is incompetent while making $100 Million, then what?
You think a member of Congress is capable to judge the competency of a CEO. Think you are?
Personally, I think those who are stockholders in the company should be the judge. Now, if the government wants to get a few seats on the board of directors to be a part of the decision making process in return for the chunk of change they put in, I'm fine with that.
Would love to hear you and others if we subsituted GM for Wall Street
My answer would be the same. Except, in GM's case, at least until recently, it was the UAW instead of the government, who was meddling where it shouldn't have been. Now, its both and more people will be out of work because of it than if GM had busted the union like they should have years ago.
118 posted on
01/30/2009 12:37:53 PM PST by
chrisser
(The Two Americas: Those that want to be coddled, Those that want to be left the hell alone.)
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