To hell with our would-be Lords and Princes, the brokers and investment bankers of Wall Street. They *continue* to gamble away our economy in the name of greed. May they all rot in hell with their mentor, Ronald Reagan. They and many corporate officers have gotten horrible beyond belief.
When I worked for a budding corporation that eventually merged into Coram Healthcare in the late 1980’s I got my first taste of corporate managers and unbridled greed. I was really disgusted by the ego games that corporate types and the Wall Street thugs played among themselves. I realized quickly that bonuses, perks, huge salaries, resort condos, extravagant dinners, private jets, etc., had little or nothing to do with productivity or profitability. The economy was being ruled by a class of people, mostly men, who had this competitive thing with each other to see who could rack up the best bragging rights on the golf course (or other posh venue).
Here’s what’s REALLY been pissing me off the last 20 years or so: “If we don’t reward them with competitive salaries and bonuses they simply won’t work for us.” What a crock! OK, almost all of us could and likely qould retire on what these bozos make in just one year (or less). Oh, and what work do they *really* do, anyway? I imagine that the best of them really do network, review reports, oversee staffing and economic decisions and stand forth as the public face of the company, but I’m damned sure that quite a few are just figureheads; the custodian deserves better pay than many of them.
What about: either pay them what they’re really worth in producticity and utility to the company? If they won’t work for that, there must be thousands of hungry MBA’s out there who would gladly step in.
Tags: bonuses, CEO salaries, Greed, Wall Street