My Kind of Gig

[DudeAsInCool]

 Leading economic indicators: In June, Co-President Stephen S. Crawford of the financial giant Morgan Stanley (who was installed in the job in order to ensure management ''stability'' during the company's currently shaky status with investors) signed a two-year contract at $16 million a year which allowed him, if he changed his mind, to resign and promptly collect all $32 million. A few days later, he resigned. The ''stability'' was needed at faltering Morgan Stanley because longtime CEO Philip J. Purcell had just been eased out, but his contract called for $113 million in severance pay.

http://www.sltrib.com/nationworld/ci_2890666

[slum_goddess]

i refuse to post my anarchic leanings here but the above is just another reason why the system sucks.

[DudeAsInCool]

i refuse to post my anarchic leanings here but the above is just another reason why the system sucks.

the people who gave him the contract, and the guy who took it and then quit, should go to jail. arent there any overseers on wall street? wtf?

[slum_goddess]

this is amazing to me, this entire $yndrome, especially while there are people still hungry in amerika. then again, i read a few articles explaining rethug 'philosophy' and basically, if you're poor, they think you haven't worked hard enough.

*mirthless laughter*

[Excrement_Cranium]

--insert rant about the evils of the corporate world--

It's not that all big companies are evil. Just 99.999999999999999999999999999999999999999999999% of them.

Also consider that in the good 'ol US since the mid 70's the average worker has had an average wage increase of 30% vs the average CEO wage increase of 1800%+.

[ASUmusicMAN]

I'm more capitalist than the next guy, I mean I love it here, but this corporate shit I keep reading about recently (WalMart screwing over workers, people complaining of the tyco guy getting a raw deal, *this*) makes me freakin' sick.

:sick:

Makes anyone who wants to either own their own company or try to rise through the business ranks seem like a heartless asshole.

[slum_goddess]

Makes anyone who wants to either own their own company or try to rise through the business ranks seem like a heartless asshole.

i don't know much about business but i get the impression that that's the way one has to be to compete, to win--totally heartless.

[Excrement_Cranium]

I am, in no way, anti-capitalist. I think any ONE man should be able to go out and build a business and a fortune. I think any ONE man has the right to leave his empire and his fortune to his children, with the children bearing no penalty. Notice the emphasis on the number ONE? That's because once we get too many pockets involved, all humanity is removed from the picture. When 10 billionares sit around a table discussing what to do with a company, they don't care about anything but the money. They forget the people who's sweat makes them that money. Wal-mart, when Sam Walton ran it, was nothing like the hollow shell of a company it is now. Hard to bitch too much when you have to look your workers in the eye.

[Potato]

On a related note (something that really irritates the hell out of me, because it hits close to home)...

http://citypages.com/databank/26/1284/article13495.asp

[DudeAsInCool]

Another horror story:

http://www.washingtonpost.com/wp-dyn/conte...5072702436.html