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Technology Stocks : Compaq
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To: Night Writer who wrote (92137)7/11/2001 12:20:44 PM
From: MeDroogies  Read Replies (2) of 97611
 
Tough call, still.
I agree with the premise. Whether or not he's made the right decisions and moves will take some time to really determine. I think he WAS on the right path before things went sour, but it seems he didn't have his finger on the pulse and lost 3 months (minimally) in determining that the overall strategy had to be altered.

I have a difficult time with CEOs who pocket the kind of change he does and don't feel the same amount of pain as those he's "liberating". This isn't meant as a screed against CEOs or capitalism, mind you. But I'd like to see a CEO who has willingly cut back his salary and options as a means of showing that even HE is williing to take a hit for the company during the tough times. I'm not referring to MC in particular...it's just a general statement.
It seems to me that feeling the pain in one's pocketbook makes one far more focussed on achieving goals that are set. If the company were properly righted, then it would make sense to compensate the CEO for doing a good job. I don't see this as a systemic flaw, but rather a flaw of character and purpose on the part of the many of our business leaders....particularly those who are close buddies with their boards.
I know an accountant at LU who has told me about the amount of money that some of the executives left with after they'd effectively screwed the company over. I'm sure they haven't spent a minute thinking about the people who lost their jobs as a result of their crappy management.
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