Dan,
How do you pay $3,340,000 to someone who created no economic value, someone who, instead caused economic damage to their company? What did she and Canion get for buying out DEC and then destroying it? $100,000,000+ between the two of them?
You, in a way, answered my question, which was, how do you stay in business paying $7 for value of $5. The answer is you don't stay in business. DEC and Compaq don't exist any more as independent companies.
Floors need to be mopped and chickens need to be sliced. I'm less worried about the impact of paying $7 per hour to people who perform back breaking labor than I am worried about the impact of making multi-millionaires out of people who badly damage organizations they are entrusted to run and then loot the battered remains.
So you are saying that it is ok to bankrupt a company by overpaying the labor, but it is not ok to bankrupt the company by overpaying the management.
Well, it has a nice class warfare angle to it, but the company is bankrupt nevertheless.
Joe |
