Pot-kettle - geeze, folks
FR has a much larger population of fools than I’d have thought possible. Maybe it’s just that “I see a bandwagon, so I’m gonna jump on it” thing....
Wrong. Trump owns his companies, and built them himself. CEOs are hired hands. And he's right, these people sit on each other's boards and approve each other's salaries. All to often they don't give a damn about the long term for the company and shareholders, let alone the employees. They just want a short term bump in the price so they can cash in their stock options. The easiest way to do that is fire people and move operations outside the country.
Do you hear any of the dwarfs bringing up this issue?
Trump owns his “privately owned” company. Big difference!
“Pot-kettle - geeze, folks”
Wrong analogy, maniac. Trump owns the company and invests his own money to promote growth and wealth. Not so with the CEO’s of publically held corporations. They may ‘own’ very small portions of the corporations they head because they have been given stock options and other compensations. BIG difference! And unless they really screw it up, as Carly Fiorina did at HP, life goes on, rain or shine, and their compensation goes up even when it rains.
I was with a large publically traded corporation for more than 30 years - salaried, in a technical position and several times when the company had ‘hard times’ it would be announced that all merit increases for salaried employees were ‘frozen’ (no pay increases) for whatever duration they wanted to impose. And that applied to those of us in a division of the company that always maintained good profitability. The ‘freeze’ did not apply to top executives in the corporation.
That being said, I know there was leeway in those edicts, because several times during those various ‘freezes’ I was rewarded with more than just a token merit increase.