Eisboch wrote:
"HK" wrote in message
...


What *I* stated was that the U.S. car makers were poorly managed, with
overpaid white collar mid and upper management. Many large U.S.
corporations grossly overcompensate "management." There have been plenty
of news stories about the tens of millions of dollars paid to top execs at
the same time the companies they run are failing.



Why were they poorly managed if, in the case of GM, they had record
corporate profits and paid regular, consistent dividends to the shareholders
for most of the past ten years? Plus met all the contractual obligations to
current and retired employees?

Take care of the business ..... the business will take care of you. It's
how it works, and there's nothing wrong with big paychecks for those with
the most responsibility.

Eisboch


Now *that* is funny. Take care of business and business will take care
of you. I'm sure that song plays well to the millions of American
workers who have lost their jobs because of crappy management, and the
millions who have also lost health care benefits, pension benefits, and
much more, despite giving all they had to "the business," and of course,
let's not forget the millions of American workers who have lost
long-held jobs because corporate management determined it would be
"cheaper" to build or service their product in China, India, or wherever.

Take care of the business for which you work, and, if it gets the
chance, the business for which you work will eliminate your job, your
health care, your pension. Or it will simply underfund its pension
liabilities.

Sorry, but I don't believe that "shareholder equity" is any more
valuable than "worker equity." What many corporations in this country
seem to do best is to discard workers like used paper towels.

Note I said many...I did not say all.


Oh...and there is something wrong, very wrong, with the huge disparity
at many corporations between average pay and "executive" compensation.