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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (68007)	9/22/1999 1:59:00 AM
From: Richard Nehrboss	Respond to of 132070

Don, RE: Management warranting salaries. All well said! Excepting cases where management stacks the board or breach of their fiduciary duty to look out for shareholders. Richard

To: Don Lloyd who wrote (68007)	9/22/1999 7:11:00 AM
From: Greg Jung	Respond to of 132070

The notion that the occupiers of executive slots should become instantly rich is rather ludicrous. These people do a job, as does others in the organization, in the industry. They mostly attend meetings, and the real effects they can make is usually in the negative - for which they are never monetarily penalized. The extravagances lavished is just a symptom of hero worship and a way to stroke their egos.

To: Don Lloyd who wrote (68007)	9/22/1999 11:03:00 AM
From: Skeeter Bug	Read Replies (4) \| Respond to of 132070

don, my issue is that ceo's are making massive compensation due to massive and reckless credit creation that their skill didn't impact at all. earnings grow 15% while stocks appreciate 50%. too much money is the root cause and these ceos don't print money... most of the time ;-)

To: Don Lloyd who wrote (68007)	9/22/1999 12:07:00 PM
From: Michael Bakunin	Read Replies (2) \| Respond to of 132070

Can you say, "control group"? While it is received wisdom that good management increases shareholder value, I've never heard of a convincing study that the $90 million CEO performs better than the $900,000 variety. US CEO salaries implicitly assume that there is a tiny pool of ultra-skilled managers that are a tremendous marginal improvement, and that the Boards of large US firms have found and hired all of them. Improbable, post hoc anecdotes notwithstanding. -mb