Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: telecomguy who wrote (15678)	8/5/2000 7:39:59 AM
From: Georgeb	Read Replies (1) \| Respond to of 21876

I agree, corporate America hires these top executives and give them obscene compensation because we want infallible heros who always make the right decision. To do that we hire God-like super-humans who we can worship and speak of in reverent terms. The reality is that they are fairly average people who make lots of mistakes, in spite of the fact that they have teams of people advising them on every important decision. They are easily replaced with people of equal capability and the huge compensation is a lot of nonsense. You can pay them a billion dollars a week and their decision making process would not be any better or worse than it is. The fiction that these people are irreplaceable has a lot to do with the culture they build themselves by hiring other executives at gross salaries. If stock holders decided salaries (instead of just being trusting proxy rubber stamps) you would see corporate executive salaries at a fraction of what they are, and the companies would be run exactly the same (mistakes and all).