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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: hmaly who wrote (5645)	8/18/2000 6:06:11 PM
From: Epinephrine	Respond to of 275872

<Do you really think that managers don't get chewed out for overspending. Sure a project may have a temporary setback, but the bottom line is, put up with it, deal with it because it costs too much to fix it. > hmaly, Of course there are tradeoffs. That is why the executive management of large corporations make the big bucks. Because they are constantly faced with these types of tradeoffs and if there is any blame to be had then it is their's to bear. If that seems unfair to them or if they are unprepared to take the full brunt of any responsibility for the running of their corporation then they are unfit for the office that they hold. I think you and I are really talking from two different perspectives. I am talking about the head of a publicly traded corporation that is accountable to the SEC, the analysts that cover it, and most importantly the individuals who have plunked down their pure refined hard earned fully taxed dollars into the future of that company. There is a world of difference between the levels of accountability required in that arena than in the small to medium sized private business examples you have been mentioning. Why is the CEO of such and such worth so much money? Because you are paying him for success. If he fails to succeed for any reason then he runs the risk of being removed because he alone is responsible. That's part of his job. Regards, Epinephrine PS: I think this may be straying to far from AMD's specific case to be considered on topic anymore. I will just agree to disagree. Ok?