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

To: Tenchusatsu who wrote (436541)	11/24/2008 2:23:01 PM
From: i-node	Read Replies (3) \| Respond to of 1573994

Are they really worth $15K/hour? Is their time THAT valuable to the company? Personally, I think you could get some young kid straight out of the Harvard MBA program, make him or her CEO of GM, and pay 10% of what the current CEO is making. That kid will probably do just as good of a job, if not better. I don't agree with you at all about an inexperienced kid with an MBA. Honestly, he wouldn't know where to start with a company like GM. When I was fresh out of MBA school I could have run just about any small business. But frankly, I would attribute it to the fact that I was raised by a business owner and worked in those businesses as a teenager. By the time I got to college, learning about running a business was a formality. But running a mega-giant corporation like GM isn't for some fresh-out-of-school MBA. It is complicated stuff that involves more than the science of running a business. First-rate corporate managements are paid like rock stars because their talent is just as rare as a rock star's. To find a person with the right mix of talent to run a huge multinational corporation is a pretty big deal. You can't just take a CJ or RW or even an i-node or Ten (LOL) and stick them in there. It takes a special kind of person. I've known a couple of these people in my life (not the 15k/hour guys, but highly paid execs of large multinational corps) and it is immediately obvious to me the talent just oozes out of them.

To: Tenchusatsu who wrote (436541)	11/24/2008 6:35:56 PM
From: combjelly	Read Replies (1) \| Respond to of 1573994

"I think you could get some young kid straight out of the Harvard MBA program, make him or her CEO of GM, and pay 10% of what the current CEO is making." It is not so much their basic salary that is the problem. For example, the CEO of GM made something like $1.5 million last year. However, when you factor in all the various bonuses, stock options, etc., his compensation exceeded $14 million. GM just didn't do all that well in 2007 for him to get all that extra reward.