Re: Loose of an NDT supplier


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Posted by mannyc [68.165.89.2] on Friday, March 26, 2010 at 14:24:14 :

In Reply to: Re: Loose of an NDT supplier posted by Kaegi [24.113.81.122] on Friday, March 26, 2010 at 12:05:21 :

there is no credit available anywhere for anyone. i dont believe the whole demonize ceos thing as the root cause although i understand your sentiment. ceo pay is based on the market and is based on what boards approve. those little packets that come in the mail to vote your shares have a purpose. don't like the pay packages, you vote out the board. don't have a lot of shares, blog your discontent. you'd be surprised at what you can do. they demonized dick grasso from the nyse. his comp package was 130mm. he did not steal the money - he was deemed worth it and it was voted on. in his case, he grew the exchange beyond anyone's expectations. his pay came from profits. what i cannot deal with is that compensation is not based on performance. tie a bonus structure to results and if the guy meets or exceeds targets, pay him a fortune if he fails - he gets the min only. i hated owning disney stock. they paid that moron eisner millions to basically rout a us institution. same with baseball and sports. pay base + performance. but i digress....



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