http://www.christianross.net/free-shares-of-bankruptcy/ Purveying Awesomeness since '78 - Ramblings, thoughts and Internet goodness from Christian Ross Wed, 18 Jan 2012 19:21:06 -0500 http://wordpress.org/?v=2.8.6 hourly 1 http://www.christianross.net/free-shares-of-bankruptcy/comment-page-1/#comment-56497 bankruptcy and creditcards alternatives Mon, 05 Jan 2009 15:20:14 +0000 http://www.christianross.net/?p=287#comment-56497 Is it fair that failing companies , not just auto makers , should allow their executives to still collect large incomes, surely it would make sense that their management has failed ,and they should be removed from their authorative power , as some would say a punishment for mismanagement. If a senior manager is claiming $500000 pa , and that company is needing a govt handout , then that guy has messed up and should go. How many workers have been let go , that couold be kept on if there was this one little cut . I guess it all comes down to who make money for the company ? the managers or the workers ? How much return is there per capita on a worker compared to a manager? The auto industry is a good one an example .I am actually quoting a book , but I can't remember it's name , it states that 80-% of the wealth is gained by 20% of the population ( I think it's a book by the guy that started squidoo, but don't quote me!) Louise Is it fair that failing companies , not just auto makers , should allow their executives to still collect large incomes, surely it would make sense that their management has failed ,and they should be removed from their authorative power , as some would say a punishment for mismanagement.
If a senior manager is claiming $500000 pa , and that company is needing a govt handout , then that guy has messed up and should go. How many workers have been let go , that couold be kept on if there was this one little cut . I guess it all comes down to who make money for the company ? the managers or the workers ? How much return is there per capita on a worker compared to a manager?
The auto industry is a good one an example .I am actually quoting a book , but I can’t remember it’s name , it states that 80-% of the wealth is gained by 20% of the population ( I think it’s a book by the guy that started squidoo, but don’t quote me!)
Louise

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