theobannion

Top Paid CEOs Did Not Perform Well as a Group in 2008

Managers as a class are bureaucrats, and the most valued bureaucratic skill is interpersonal politics. This is why you and I earn what we earn, and the CEO of Motarola earns what he earns: He's a much better manipulator. That these people are paid their outrageous incomes has very little to do with the tired refrain "We have to pay our best & our brightest, or we'll lose them to the competition." If these con-artists are the best and the brightest, let the competition have them & good-riddance.

Some of them, in fact, should be in prision. But who will prosecute them? They own the government.

SOB.

Stocks on the Verge of... Something

On the money. I love the amount of energy (& time) we waste listening to politicians, from their speeches to their debates. Haven't we agreed long ago that they're all liars?

SOB.


On Mar 11 04:18 AM mrbill wrote:

> "Wasn’t it the CEO of Bank of America (seekingalpha.com/symbo...)
> who said they had plenty of capital, but took billions in TARP —
> who then said the dividend was safe, but then cut it in half — who
> subsequently said the dividend is now safe, but cut it again to one
> penny?"
>
> Good point. Sadly most people, especially in the US have short term
> memories. In the US, not only can you fool us once, but several more
> times, and then some.