"hk" wrote in message
. ..
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.




"Take care of the business" implies doing a competent job whereby the
focus is on the success of the business. If the business is successful, so
will be the employees.

There's a huge change factor going on here .... the emergence of a global
economy. To remain competitive in it, the cost of doing business has to be
carefully analyzed and optimized. Otherwise, the business will ultimately
fail and everyone's out of a job and benefits.

It has always been interesting to me that those who complain the most about
fat compensation packages are those not earning them.

I never had one, BTW. My reward was the success of the business, and all
of those who participated in whatever capacity benefited proportionally.

Eisboch