A Quote from Anandtech member Corn on executive compensation got me wondering if..

Moonbeam

Elite Member
Nov 24, 1999
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maybe the world isn't upside down. Actually I already think it is upside down, and the attitude expressed by Corn is just a small indicator of that fact.

Here is the quote:

Just because there are a few criminally intentioned executives does not change the fact that the compensation system required to recruit talent is somehow "unjust" because the truely talented (and not so talanted) earn a significant income--or a stake in the business they are running.

What is obvious is that you, like all good liberals, are ruled by your envy of those that you perceive have more than you--and it's your own self-centeredness and greed that causes you to believe this to be "unfair".


I guess I think that Corn's point of view, (addressed, I think to Infos in an other thread) and I think, shared by most people, is really all well and good only if you take it as a given that the structure of our system is a fixed and immutable fact of reality. But I don't think it is. I would call it a myopic viewpoint, applicable only in the 'sick system' we have created. The problem, of course, is in what we mean by 'just and unjust, fair and unfair'. How we define these terms colours everything else we conclude about this matter. They are value judgements and if one comes to ones values via a different route than a capitalistic, market , supply and demand, model as currently imagined, then yes, you can make this statement. What is implicit in the Corn quote, however, I think, is the assumption that alternative valuations are locked in only one out of many possible boxes, ie that ithey can come only from ' self-centeredness and greed'.

We see this kind of myopic market view with environmental issues, valuing a forest by board feet instead of the salmon that will no longer be caught at sea when it's cut down. The point is that when you have a limited view, and who doesn't, your sense of value is limited too. This is essentially a matter of the holistic verses the linear, really, I think, the imposition of small minded limited practical (so called) thinking against dreamy eyed idealism. The Indians had a philosohyy not to do anything that hurt anybody seven generations forward in time. We do what we want and pretty much let the next generation worry about itself.

School teachers are not valued. Stay at home mothers don't earn a salary. The old, the wise, the spiritually advanced aren't valued, but CEOs earn millions and millions. I'm just envious. Hehe

Of course it could be that people feel so bad about themselves that they have created a false substitute for self love called money, and if you have it by whatever sick means you can get it you are really a somebody. Right, sure you are. In a sick unsocialized world where it's dog eats dog, you get this kind of thinking. The lucky dogs, born statistically to other lucky dogs who already have the money to launch careers, like the brilliant George W, CEO extrordinare, and millionaire, find ways to attain not open to a more talented black grownig up in a ghetto somewhere. But maybe he wants to paint or try to uplift his neighborhood. Bad idea if you are looking to be valued. No there is nothing special, talented or valuable about CEOs. They are small people with small gifts. They are the blind masters, playing the piano of death, the capitalistic system that is driving the world to catastrophe. They are the people without vision, who care for a buck and know nothing about visionn, about love of the universe, about tenderness and caring. They are the people who get high on a phoney sense of self accomplichment, the envy of the envious. But when you shake them, you find only empty shells.

Nobody has anything who does not have himself.

Well I thought I'd throw out a small alternative frame of reference to stimulate discussion. I gave a limited point of view, but one exposing some major unexamined assumptions to the more prevelant one, I hope. If you choose to reply, please try to support your ideal with, well with something.

 

Squisher

Lifer
Aug 17, 2000
21,204
66
91
.....No there is nothing special, talented or valuable about CEOs. They are small people with small gifts. They are the blind masters, playing the piano of death, the capitalistic system that is driving the world to catastrophe. They are the people without vision, who care for a buck and know nothing about visionn, about love of the universe, about tenderness and caring. They are the people who get high on a phoney sense of self accomplichment, the envy of the envious. But when you shake them, you find only empty shells.....

You know all the CEOs?

I have worked for an auto plant that closed down and was laid off for close to three years. I for one would have valued a Plant Manager that wouldn't have run our plant into the ground. And, like wise I'm sure that there are some recently laid off members here at AT that might find some value in a competent CEO.

 

Swanny

Diamond Member
Mar 29, 2001
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Don't value CEOs, huh. Not talented? Well, look at the USSR. They didn't have any CEOs. Look what happened.
 

Balt

Lifer
Mar 12, 2000
12,673
482
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Originally posted by: Moonbeam
maybe the world isn't upside down. Actually I already think it is upside down, and the attitude expressed by Corn is just a small indicator of that fact.

Here is the quote:

Just because there are a few criminally intentioned executives does not change the fact that the compensation system required to recruit talent is somehow "unjust" because the truely talented (and not so talanted) earn a significant income--or a stake in the business they are running.

What is obvious is that you, like all good liberals, are ruled by your envy of those that you perceive have more than you--and it's your own self-centeredness and greed that causes you to believe this to be "unfair".


I guess I think that Corn's point of view, (addressed, I think to Infos in an other thread) and I think, shared by most people, is really all well and good only if you take it as a given that the structure of our system is a fixed and immutable fact of reality. But I don't think it is. I would call it a myopic viewpoint, applicable only in the 'sick system' we have created. The problem, of course, is in what we mean by 'just and unjust, fair and unfair'. How we define these terms colours everything else we conclude about this matter. They are value judgements and if one comes to ones values via a different route than a capitalistic, market , supply and demand, model as currently imagined, then yes, you can make this statement. What is implicit in the Corn quote, however, I think, is the assumption that alternative valuations are locked in only one out of many possible boxes, ie that ithey can come only from ' self-centeredness and greed'.

We see this kind of myopic market view with environmental issues, valuing a forest by board feet instead of the salmon that will no longer be caught at sea when it's cut down. The point is that when you have a limited view, and who doesn't, your sense of value is limited too. This is essentially a matter of the holistic verses the linear, really, I think, the imposition of small minded limited practical (so called) thinking against dreamy eyed idealism. The Indians had a philosohyy not to do anything that hurt anybody seven generations forward in time. We do what we want and pretty much let the next generation worry about itself.

School teachers are not valued. Stay at home mothers don't earn a salary. The old, the wise, the spiritually advanced aren't valued, but CEOs earn millions and millions. I'm just envious. Hehe

Of course it could be that people feel so bad about themselves that they have created a false substitute for self love called money, and if you have it by whatever sick means you can get it you are really a somebody. Right, sure you are. In a sick unsocialized world where it's dog eats dog, you get this kind of thinking. The lucky dogs, born statistically to other lucky dogs who already have the money to launch careers, like the brilliant George W, CEO extrordinare, and millionaire, find ways to attain not open to a more talented black grownig up in a ghetto somewhere. But maybe he wants to paint or try to uplift his neighborhood. Bad idea if you are looking to be valued. No there is nothing special, talented or valuable about CEOs. They are small people with small gifts. They are the blind masters, playing the piano of death, the capitalistic system that is driving the world to catastrophe. They are the people without vision, who care for a buck and know nothing about visionn, about love of the universe, about tenderness and caring. They are the people who get high on a phoney sense of self accomplichment, the envy of the envious. But when you shake them, you find only empty shells.

Nobody has anything who does not have himself.

Well I thought I'd throw out a small alternative frame of reference to stimulate discussion. I gave a limited point of view, but one exposing some major unexamined assumptions to the more prevelant one, I hope. If you choose to reply, please try to support your ideal with, well with something.


OMG!!! YOU'RE RIGHT!!! I'M SAVED!!!!!!

BLESS YOU, SIR, BLESS YOU!

 

jahawkin

Golden Member
Aug 24, 2000
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Originally posted by: Swanny
Don't value CEOs, huh. Not talented? Well, look at the USSR. They didn't have any CEOs. Look what happened.

Great analogy. If we didn't have CEOs, we would turn into a bunch of commies!! Makes sense to me!
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
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heres how CEO comp works:
1) when a CEO is hired the board wants to make them more tied to the company than just their salary so they are also paid in lots of stock, which given the market prior to the last few months has given CEOs a lot of cash
2) when you fire a guy you never assume the guy you hire is worse, so you need to pay him more than the guy that couldn't lead your company.
3) CEO search committees usually believe their CEO is in the top 10% as far as talent goes, so they should be paid in the top 10% as far as comp goes. of course this is falacious because 90% of CEOs have to be worse than what that projection is. but because each time a CEO is hired they get paid at the 90% or better level that only drives the level up.

those are most of the reasons CEO comp has exploded in the past few years. the first is a sound practice i assume, the second obviously can't always be true, and the 3rd is wrong 90% of the time. which is why moonbeam has a point. there are some truely gifted or visionary people out there, but most of them are just some average talent guy that got some breaks or started out ahead in life. of course, since a CEO will take much of the blame even if its not his fault (much like managers and coaches in sports do quite often) perhaps they should be paid more.
 

tcsenter

Lifer
Sep 7, 2001
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571
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No there is nothing special, talented or valuable about CEOs. They are small people with small gifts. They are the blind masters, playing the piano of death, the capitalistic system that is driving the world to catastrophe. They are the people without vision, who care for a buck and know nothing about vision, about love of the universe, about tenderness and caring. They are the people who get high on a phoney sense of self accomplichment, the envy of the envious. But when you shake them, you find only empty shells.
Moonbeam obviously knows a lot of CEO's, she's talked with dozens of them at great length, has known them for the years it would require for her to make such personal judgements about the average CEO...right? Sure...

IOW, nobody is paying Moonbeam millions nor anyone who is 'valuable' according to Moonbeam's peculiar and often whacky world-view. Classic envy.

No I dare say that world is right, Moonbeam, it's you who is all screwed up.


 

Red Dawn

Elite Member
Jun 4, 2001
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IOW, nobody is paying Moonbeam millions nor anyone who is 'valuable' according to Moonbeam's peculiar and often whacky world-view.
Nor are they paying him millions to run the Company into the ground or screw over investors by implementing "special accounting practices"
 

tcsenter

Lifer
Sep 7, 2001
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Nor are they paying him millions to run the Company into the ground or screw over investors by implementing "special accounting practices"
If a company's shareholders want to give some incompetent baffoon $100 million of their money to bankrupt their company, its their money and their business. Similarly, if I offer some neighbor kid $10,000 to mow my lawn, he does a horrible job but I still pay him $10,000, what business of it is yours?

I won't tell you how to spend your money, if you don't tell me how to spend mine.

 

Red Dawn

Elite Member
Jun 4, 2001
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If a company's shareholders want to give some incompetent baffoon $100 million of their money to bankrupt their company, its their money and their business. Similarly, if I offer some neighbor kid $10,000 to mow my lawn, he does a horrible job but I still pay him $10,000, what business of it is yours?
It isn't Muffin man. I was just replying to your BS comment to Moonbeam. You already have ATOT Asshat of the month locked up. No need to continue to lobby for it.
 

tcsenter

Lifer
Sep 7, 2001
18,946
571
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It isn't Muffin man. I was just replying to your BS comment to Moonbeam. You already have ATOT Asshat of the month locked up. No need to continue to lobby for it.
Where can I be sure that I've secured the ATOT Asshat of the Month by voting for myself?
 

Booster

Diamond Member
May 4, 2002
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CEO he's like a very, very big Boss. And he earns the money he gets, I'm pretty sure. It may seem that they make too much but for their high social position it's the exact amount of money they should get, not more, I'm pretty sure, he-he. Noone, no company will pay their employee, be it CEO or not, more then they're worth. On a side note, they will pay as little as possible. And that's what they do.
 

Ornery

Lifer
Oct 9, 1999
20,022
17
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"...alternative frame of reference..."

That's all well and good, but do you have an alternative method of government or alternative to Capitalism to change things to? Communism and Socialism are the only viable alternatives I could see, and there's only a few of you wanting to run in that direction. Yeah, most of our Democrat brothers lean that way, but they'll pull up short of full fledged Socialism... God I hope! :Q
 

Moonbeam

Elite Member
Nov 24, 1999
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Ask a stay home mom of four what a CEO should get, not other Executive types who dream, one day to have a similar position. The people setting these buffoon's saleries are likewise similarly situated buffoons. You have an idiot clique running the country in a way that benefits them personally rather than for the good of the country. What kind of lunatics would ship manufacturing of essential, high tech materials off shore. The point is that when the dollar is the source of your values you are a nothing and what you see and do will lead to catastrophy. The seeking of value through a source other than the self, some real sprirtual upwelling, religiously or otherwise inspired, is always about the self and never the common long ranged good. We are lead by empty shells, admire their achievements, and wonder why we're depressed.
 

PistachioByAzul

Diamond Member
Oct 9, 1999
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The "natural person" multi-national conglomerate corporation as a collective is not grounded by anything tangible, it's a superego. Money is the bottom line. The problem with the pursuit of material gain, on both a personal and governmental level, is that it's like, as someone else put it well, driving a car with your eyes soley fixed on the speedometer.
 

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
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A major problem most have is that we equate a persons worth to their income. A professional athlete gets zillons for a hitting a stupid ball. Why? Because he can hit that stupid ball better than most everyone. What does a good teacher earn? Not enough in many instances. Now the supply and demand people will say teachers are a dime a dozen compared to Jose Ferrar, the third baseman. Perhaps. But think about it. If you have children, would you close down a good school and ship them off to a dump in order for you to get that first string player? Likely not. Why? Because that good school or teacher has greater intrinsic value. But there is inequity in wages. Well, everyone knows what things are like employment wise before they go into teaching, and if they dont get millions that is ok because they can make a difference. Moonbeam has a point here, and I doubt he makes it because he cannot buy a new Porche every day. Perhaps he CAN. But either is irrevelant, and that is also the point. You are not the contents of your wallet.

CEO's. I DO know some. They are quick, aggressive individuals. Usually charasmatic or intimidating. Very alpha type. Sometimes they are intelligent. But they ARE over valued. And there is something wrong when an exec can make a bad decision, lay off thousands, and then get a bonus in return.
 

Ornery

Lifer
Oct 9, 1999
20,022
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Gee, that's swell, but what's the alternative? You'd prefer perhaps, living like Gandhi? How about like an Iranian or Afghan? Would the Chinese government be more to your liking?

We could tweak the hell out of our current system, fix the "special accounting practices" and what not, but telling people how to run their business, IMO, is out of the question! Big business put us where we are in the world, not Joe SixPack. You may want to step back a couple hundred years, but I'm just fine with the status quo!
 

Red Dawn

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Jun 4, 2001
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We could tweak the hell out of our current system, fix the "special accounting practices" and what not, but telling people how to run their business, IMO, is out of the question!
I agree

Big business put us where we are in the world, not Joe SixPack
If left to their own means(Big Businesses) Joesixpack would be working for pennies and we would have days like those of the Robber Barons. We need to watchdog the corporations big time but we must be sure not to infringe on free enterprise.
 

Hayabusa Rider

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Originally posted by: Ornery
Gee, that's swell, but what's the alternative? You'd prefer perhaps, living like Gandhi? How about like an Iranian or Afghan? Would the Chinese government be more to your liking? We could tweak the hell out of our current system, fix the "special accounting practices" and what not, but telling people how to run their business, IMO, is out of the question! Big business put us where we are in the world, not Joe SixPack. You may want to step back a couple hundred years, but I'm just fine with the status quo!

Not quite Ornery. Small business is the Big Employer. As I said I know many business types, and if you do not live for the buck at any cost, then you are beyond their comprehension. If that mentality is pervasive, which I believe it is. they OUGHT to be regulated. Not long ago, in the Industrial Revolution, children worked 16 hour days and were often killed in the machinery. Oh well, what is that compared to a dollar. Do you think humanity has changed so much in 150 years? No it has not. The fact that some said "enough" made the world as you enjoy it today, just as much as Edison or Ford did.
 

Ornery

Lifer
Oct 9, 1999
20,022
17
81
The fact that some said "enough"..."

Just prior to that, what did people do for a living? Farmers? Blacksmiths? What? Pretty much what people do in Afghanistan today. It's all yours, bub! Why did people work for nothing during the industrial revolution? Why did they send their kids to work in sweat shops and coal mines? Was somebody holding a gun to their head? Suppose those railroads, mines and sweatshops didn't exist at all? Actually, they didn't only a few years earlier. Like I said, you can go back to that if you like it so much.

Whose fault is it that people became dependent on that type of work? You gonna blame "the man"? Sounds like folks today who are dependent on welfare. Whose fault is it for their plight? The same persons who were at fault for being dependent on sweat shop jobs and mining! Unions got their way through extortion and violence. Hasn't changed much, has it?
 

Moonbeam

Elite Member
Nov 24, 1999
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What is the difference, Ornery, between extortion and violence and buying a government that serves ones own personal interests. Why did the colonies revolt, those nasty ungreatful people.
 

tweakmm

Lifer
May 28, 2001
18,436
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Originally posted by: Moonbeam
What is the difference, Ornery, between extortion and violence and buying a government that serves ones own personal interests.
the difference is, one is justifiable in their scope of existance
 

Moonbeam

Elite Member
Nov 24, 1999
74,765
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tweakmm, aside from the relative incomprensibility of your post, it seems to assume or presume a meaning to justifiable left unsaid. I asked specifically for support of some kind for your statements. Are you saying the revolution was not justifiable. When in the course of human events... and all that rot? :D I always seem to experience the phenomenon that what is justifiable is what I happen to think is right. Nsaturally that leaves your argument wanting. Please try again. :D
 

Ornery

Lifer
Oct 9, 1999
20,022
17
81
"...buying a government that serves ones own personal interests."

Not far different from voting the likes of Hillary & Ted in office to keep the welfare checks and outrageous court settlements rolling in. Businesses large and small equal jobs. The more the better. We can do without the likes of Hillary, Ted and their constituents, but we're flippin' screwed without GE, GM and their suppliers!


"Why did the colonies revolt?"

Taxes! Same as today. If the left wingers had their way, we'd be paying 50% tax or worse! I find people who think the world owes them something revolting!
 

UltraQuiet

Banned
Sep 22, 2001
5,755
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Originally posted by: Ornery
"...buying a government that serves ones own personal interests."

Not far different from voting the likes of Hillary & Ted in office to keep the welfare checks and outrageous court settlements rolling in. Businesses large and small equal jobs. The more the better. We can do without the likes of Hillary, Ted and their constituents, but we're flippin' screwed without GE, GM and their suppliers!


"Why did the colonies revolt?"

Taxes! Same as today. If the left wingers had their way, we'd be paying 50% tax or worse! I find people who think the world owes them something revolting!

Actually I think we would be screwed without Hillary, Ted, et al. I certainly don't agree with their politics but do they do provide a balance for Trent and the boys.