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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (373246)	3/9/2008 1:12:57 PM
From: bentway	Respond to of 1588485

"After he sold the company to our largest competitor, he sent out an email where he blamed the employees for the need to do it. He got a $50 million golden parachute, we got unemployment. " After a few layoffs of that nature (from startups), I became a secret insurgent within the corporations I worked for. It seemed to me that the CEO's were invariably very smart sociopaths, scamming not only the employees, but the VC guys as well. My extreme attitude problem eventually led me to become a consultant, where I could directly tax the CEO's trying to hit deadlines by throwing VC money at them. I've heard there are "good" companies to work for, but I never worked for one. They must be very few and far between.

To: combjelly who wrote (373246)	3/9/2008 1:25:15 PM
From: tejek	Respond to of 1588485

"But it looks like when you're a CEO you get paid for failure." Nothing new here. There seems to be no correlation between how well a company does and the CEO's compensation.If anything, there very well may be a negative correlation. Hard to tell, though. Because it usuallty only becomes an issue when the company is performing poorly... I will never forget the email from the CEO of Telxon. After he sold the company to our largest competitor, he sent out an email where he blamed the employees for the need to do it. He got a $50 million golden parachute, we got unemployment. Talk about no class... I am furious that the CEO of WAMU and his some of his underlings recently had their bonuses protected by the WAMU BOD. I wrote an email to the Seattle Times business writer, encouraging the Times to take a more pro active position re. this issue. That writer and I have exchanged emails in the past over this same issue...back then, he sided with the CEO and WAMU. No longer........he said he got a huge flurry of emails after this latest corporate travesty complaining that WAMU was out of control. BTW a little known fact.......American corporations currently have more cash on hand than at any time in their collective history. That, along with lean inventories, suggests that this recession, assuming we are in one, may not be as deep as it could be.