Citigroup to Cut 11,000 Jobs and Take $1 Billion Charge

vienna · 12-05-12, 06:55 PM

Quote:

Sure is and our current Tory government give them out for free to the big city executives who are Tory supporters in the main.

Sounds like our GOP administrations who contrive to maintain the lifestyles and perqs of our executives. You know, it sure doesn't hurt to be in the same country clubs as those in government who are supposed to be reigning in corporate excesses...

<O>

Jimbuna · 12-05-12, 06:58 PM

Quote:

Originally Posted by vienna

Sounds like our GOP administrations who contrive to maintain the lifestyles and perqs of our executives. You know, it sure doesn't hurt to be in the same country clubs as those in government who are supposed to be reigning in corpotae excesses...

<O>

I'm almost ashamed to admit I was until I retired three years ago

vienna · 12-05-12, 07:12 PM

I've got nothing against country clubs per se; I just dislike the idea of groups of govermental and corporate "good old boys" doing business and making sweetheart deals with each other rather than doing business where it should be done. I believe, like Mark Twain, that golf is a good walk spoiled, but to each their own. The most blatant example of this sort of cronyism occurred whem Cheney had those closed door meetings with only top oil and energy executives and excluded any other interested parties while formulating US "energy policies" under Bush. In fact, those "policies" may have been the only "formed" policies in the entire Bush administrations. A sad but true state of affairs...

<O>

Platapus · 12-05-12, 07:15 PM

I think that CEOs and other ultra high executives should get a salary of $1.00 per year and a fixed small percentage of the profit of the company. Linking the pay of the management with the profitability of the company would be a good start.

Of course then all the CEO has to do is fire a bunch of minions to make the numbers look good.

But in any case, CEOs should not be rewarded for running companies in the ground.

Takeda Shingen · 12-06-12, 10:08 AM

So much for the "job creators" line, eh?

12-05-12, 07:12 PM	#3
vienna Navy Seal Join Date: Jun 2005 Location: Anywhere but the here & now... Posts: 7,719 Downloads: 85 Uploads: 0	I've got nothing against country clubs per se; I just dislike the idea of groups of govermental and corporate "good old boys" doing business and making sweetheart deals with each other rather than doing business where it should be done. I believe, like Mark Twain, that golf is a good walk spoiled, but to each their own. The most blatant example of this sort of cronyism occurred whem Cheney had those closed door meetings with only top oil and energy executives and excluded any other interested parties while formulating US "energy policies" under Bush. In fact, those "policies" may have been the only "formed" policies in the entire Bush administrations. A sad but true state of affairs... <O> __________________ __________________________________________________ __

12-05-12, 07:15 PM	#4
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,386 Downloads: 63 Uploads: 0	I think that CEOs and other ultra high executives should get a salary of $1.00 per year and a fixed small percentage of the profit of the company. Linking the pay of the management with the profitability of the company would be a good start. Of course then all the CEO has to do is fire a bunch of minions to make the numbers look good. But in any case, CEOs should not be rewarded for running companies in the ground. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

12-06-12, 10:08 AM	#5
Takeda Shingen Navy Seal Join Date: Mar 2000 Posts: 8,643 Downloads: 19 Uploads: 0	So much for the "job creators" line, eh?