Quote:
Originally Posted by Undine
I have worked for several major international companies. Most top management was all about maximizing profit today even if they knew or should have known that it would cost big in the future.
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You have that EXACTLY right...especially since their stock options are often tied to those short term profits. I've seen all sorts of bad long term decisions made due to the impact on current earning. Just plain greed topped by stupidity. I wanna see more corporate heads roll. I wanna see their compensation limited to 100 times the compensation of the average worker. That ought to be plenty. It also would give them incentive to take care of workers compensation. These guys are no geniuses. If they don't think that's fair, others will step up and be happy to do their jobs.
The $500k limit now being discussed is dumb. Distressed companies will not be able to recruit the right talent at those prices when they fire the SOB's that put them in distress.