The Glade 4.0

I'm not sure how that's relevant to anything, but I currently work for a huge multi-national.

So every large company in the U.S. is constantly on the verge of collapse?

I don't think this is nearly as ubiquitous as you imagine.

Interesting. It just seems that you have very little exposure to the levels of senior management in the medium to large business world. Golden parachutes and frankly the behavior of executives is pretty ubiquitous across the business world today. Certainly there are examples of people who break the mold there, but they are definitely the exception not the rule. Especially in public companies.

The average CEO lasts for 3-5 years at a company. During that time they are focused on driving as much profit as possible so that the stock price goes up and then frankly get out before the house of cards that most of them create begins to fall. The "good" ones pull this off and then point to the fact that a year or so after they left their past company is in the shitter as an example of how they couldn't live without him, etc. It's all about the short term gain, especially for the executives, and the skill that they are all most talented at is knowing when to leave because the ship has started to sink.

Hardly. I'm certain executives engage in at least as much self-preservation as anyone else, but you don't hear about corporations like Union Pacific, Huntington-Ingalls, General Dynamics, or General Electric suffering major collapses because they tried to boost short term stock gains. You're focusing excessively on companies that are highly visible to the general consumer, and on those that are noted for the type of behavior you're criticizing.

Not every type of business lends itself to even attempting the strategy you're describing.

Note a similarity in all those companies you list as well as Lydiaa's? All companies that are more than 50 to 100 years old with a long corporate history that was formed long before the current practices that are very common in the general business world.

You are of course correct that there are companies that don't behave as I've laid out, but if you look at the number of companies like them compared to the number that are similar to how I've described I think you'll find that they are a small minority.

In comic strips the person on the left always speaks first. - George Carlin

Interesting. It just seems that you have very little exposure to the levels of senior management in the medium to large business world. Golden parachutes and frankly the behavior of executives is pretty ubiquitous across the business world today. Certainly there are examples of people who break the mold there, but they are definitely the exception not the rule. Especially in public companies.

The average CEO lasts for 3-5 years at a company. During that time they are focused on driving as much profit as possible so that the stock price goes up and then frankly get out before the house of cards that most of them create begins to fall. The "good" ones pull this off and then point to the fact that a year or so after they left their past company is in the shitter as an example of how they couldn't live without him, etc. It's all about the short term gain, especially for the executives, and the skill that they are all most talented at is knowing when to leave because the ship has started to sink.

19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

Note a similarity in all those companies you list as well as Lydiaa's? All companies that are more than 50 to 100 years old with a long corporate history that was formed long before the current practices that are very common in the general business world.

You are of course correct that there are companies that don't behave as I've laid out, but if you look at the number of companies like them compared to the number that are similar to how I've described I think you'll find that they are a small minority.

Actually it's standard in the professional world period. ANYONE who is a CEO of a medium to large business most likely has a golden parachute of some type.

Similarly, it's is very rare for top executives to actually be fired. Unless they have done something completely out of line, like **** an employee on the boardroom table while being video taped, they are just "encouraged to leave" and they part ways on their own, typically getting a very large stipend from their contract.

19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

As if there were ever any doubt.

19 Yet she became more and more promiscuous as she recalled the days of her youth, when she was a prostitute in Egypt. 20 There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses.

I was becoming worried that the stress might stroke Raltar out.

If either side was interested in bargaining, why wouldn't they have already done it?

Just because a judge tells them to meet, doesn't mean either side is going to budge.

In comic strips the person on the left always speaks first. - George Carlin

http://www.snopes.com/politics/business/hostess.asp

In comic strips the person on the left always speaks first. - George Carlin

Since the f-tards at snopes made the text on their site uncopyable...

Five days after that article was published, the Wall Street Journal reported that Hostess' new CEO, Gregory F. Rayburn, had announced he was slashing executive compensation, and that the company's top four executives had temporarily agreed to cut their annual salaries to $1 while four other executives had agreed to return to their previous salary levels:

The chief executive of Hostess Brands Inc. said he is slashing executive compensation in the aftermath of creditor allegations that the company may have pushed management's salaries higher in the months leading up to its Chapter 11 bankruptcy filing in an effort to skirt bankruptcy rules.

Gregory F. Rayburn, a restructuring expert who took the helm at Hostess last month, said in an interview that the top four executives working under him had agreed to cut their annual salaries to $1 until the company emerges from bankruptcy or Dec. 31, whichever comes first. The executives — Gary Wandschneider, John Stewart, David Loeser and Richard Seban — had seen their salaries increase by 75% to 80% last July, at a time when the baking company had already hired restructuring lawyers, according to creditors.

Further down the totem pole at the Twinkie maker, four additional executives agreed to return to the salaries they were receiving before the July increase.

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In comic strips the person on the left always speaks first. - George Carlin