Lupin_the_3rd wrote:
How do you figure CEO's everywhere are crooks?
That's true, I was probably wrong. Germany seems to be slightly better in this regard.
Otherwise, the preponderance of the evidence indicates that yes indeedy, CEO's are all crooks and thieves.
Here are two scenarios, you tell me the difference :
One : Downtown Oakland at ten p.m., black teenager walks up to you with a gun and demands all your money.
Two : Martha's Vineyard, white CEO makes some phone calls, buys a few laws. Population of Cliffordsville taxes themselves to pay for police "protection." Guys in blue (or grey, or black) armed to the teeth go around enforcing Mr Martha's Vineyard's laws.
What's the real difference ?
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Make no mistake, there's a fair share of incompetence out there.
Nice try. But the evidence shows that no matter how "incompetent" the CEO is, he walks off with a big pot of money. That's not incompetence. That's greed, corruption, avarice, whatever. But incompetence, no.
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But [for] each turd, there are plenty of talented competent executives.
I challenge you to name one. Currently, not twenty years ago.
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On the subject of HP, that fail boat has been sinking for over a decade now. It started with the Compaq merger, burial of Alpha in favor of Itanium, and followed by a long string of failed mergers, poor investments, and mass layoffs.
So who was making those decisions ? The janitor ?
Meg is taking home fifteen million after this wonderful year for HP. She was on the board, she voted for the purchase of the current debacle (I forget the name - ten billion down the toilet, is it ?), she is now ceo. Apotheker got nine for his fiasco tenure so she figures she's gotta get fifteen. Meanwhile, they have to send work overseas and lay people off "to save money." Incompetent ? Nice try.
SGI is the poster child for American business over the past twenty years. I'm not ranting : this is the ordinary ol' plain as the nose on your face truth. Shed your beliefs and look at the numbers.
Do you go to Las Vegas ever ? have you figured out yet that this game is rigged ? Sure, one guy every fifteen years puts all his chips on 23 red and comes up a winner. But statistically, there's no chance. Eventually the job creators, the investors and the ceo's have all the money. And everyone else is a slave.
The "talent and skill" of a CEO have nothing to do with it. They aren't. They just own the green pockets. Which they bought with our money.