I was so impressed by this Japanese CEO after hearing of all the corporate greed and golden parachutes in our country. Our American CEOs should follow his example.
4 months ago
Friday, November 21, 2008
Japanese CEO takes paycut, American CEOs should follow example!
at 10:04 AM
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1 comments:
Hahahahaha!!
You rarely see a superstar athlete reimburse a team for a season where he played zero games due to injury but still received 20 million dollars in salary!
These CEOs get so used to the status they've attained, the things they can buy, and often saddled with the cost and maintenance of the things that they've bought (exotic cars, huge homes, yachts, private planes) that they are often not even satisfied with the millions that they get much less give up their salaries.
Some CEOs do actually earn every dollar of what they receive, but when it comes to you running a company into the ground and then getting a multi-hundred million dollar golden parachute severance deal while your former employees are eating ramen for months and living on unemployment...that's just not right. Of course this is not something that they worry about when they're pouting on their120 foot yachts, sailing who cares where, chatting on their satellite phones with D.C. lobbyists to try to get things further deregulated.
Bravo for someone setting the example...Booooo to those who are sitting in their coosh uptown flats, snickering and scoffing at him and calling him an idiot.
You have to admit though, it's not isolated to rich CEOs...I seem to remember being laughed at or ridiculed for not drinking, smoking, drinking hot drinks, etc.!
So, I guess it boils down to people are different. Different values, different priorities in life, different ideas of what is fair and what is not. Different concepts of right and wrong. That grey area's a bastard ain't it!
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