The once upon a time corporate executive
Once upon a time CEO's actually built companies for their long term viability not their short term gain and their compensation bore a resonable ratio to that of other employees. My 90-year-old father definitely was one of these Old School CEO.
In the 1960's he was asked to start a financial arm of a major US manufacturing company. Within a few years he had expanded it to 17 countries around the world. During this time he was paid a typical CEO's salary with bonuses added in exceptional years. By today's compensation rates, however, he was grossly underpaid. Amazingly this never stopped him from doing his best and building a company known for its integrity.
In recent years our MBA's have headed to Wall Street not to build companies that provide service but first and foremost to build personal wealth and therein lies the difference that has caused our economy to crash.
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Boy have you got that right.
I have been thinking that certain members of congress saw their governmental position as one step toward being a hundred millionaire.
They are all in it for as much money as they can make and their mottos:
Do not get caught
Its mine, I stole it fair and square.
December 24, 2008 9:11 AM | Reply | Permalink
Tell me about it...
December 24, 2008 10:03 AM | Reply | Permalink