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Someone should have put that idiots head on a pole for that!
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........."Sometimes a distressed company or a company going through a lot of turmoil has to pay more to attract an executive," Goldstein said. "Why would an executive leave a company to take a risky job at a struggling company?
"It's pay, pay and more pay."
(End of article.)
You'd smile like this all the time too if you knew that no matter how poorly you did your job you'd still be given millions.
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AND unfortunately, their financial futures aren't tied to
how well the company performs during ( and after ) their
tenure. That's how the Japanese do it. They tie their
executives financial well being into how well the company
does while they are there and after they leave. That gives
them incentive to build ( remember R & D ), and hire top
quality people, instead of the "good old boys club" mentality.
Honestly, what's the incentive to stay & build when you're
making 28-billion dollars for a one-time stint ( repair mode )?
Steve