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CEO's don't really work hard

Phokus

Phokus

Lifer
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What in the hell, they added 20 hours of "Travel, Exercise, Personal Appointments, and other activities" and 5 hours of "business meals" to this total. What a load of shit, this isn't 55 hours of work, this is 30 hours of work.

Also, 18 hours of meetings is just listening to your underlings drone on about shit while you just sit there and listen.

What a load of horseshit. These f***ers don't deserve their pay.
 
5 hour business meals is simply 1 hour per day with others discussing business really not that odd however the 20 hours of miscellaneous time spent traveling, personal appointments and other activities(?) sounds like complete BS. Take a regular working guy and I bet there is 5-10 hours spent traveling.
 
Pretty small sample size there really.

Personally I think there is too much variety in Business Land to say that if you are a boss you are a lazy entitled ass. There are those who do little beyond delegate work to others, and clearing more than 20-30 hours a week of actual work is both rare and grounds to act like they work in a salt mine. I know a few who show up before anyone else in the morning and are almost always the last to leave at the end of the day. You'll see them picking up errant trash from company grounds, scrubbing up mugs in the office kitchen, etc. The kind of boss that sends you work related emails at 9pm on a Friday. These guys def pull their weight, and are in charge for a reason.

The meetings segment there made me smile though, that seems to be staple of most if not all work environments: too many fookin meetings that could have just been email or an intranet page update.
 
Also CEOs are giving big bonuses for screwing up and getting fired. Imagine if you screw up at your job and you get a 20 million dollar paycheck for getting fired.

You do have the rare CEO that is really a valuable asset ie: Steve Jobs.

but the majority are just a cog that is put in and swapped out every so-often
 
Hugo Drax said:
Also CEOs are giving big bonuses for screwing up and getting fired. Imagine if you screw up at your job and you get a 20 million dollar paycheck for getting fired.

You do have the rare CEO that is really a valuable asset ie: Steve Jobs.

but the majority are just a cog that is put in and swapped out every so-often
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I'd destroy a fortune 500 company for half that amount :colbert:

Come on FF500 companies, you get to save some money here! :awe:
 
Fanatical Meat said:
Funny you seem ok with people saying fast food workers don't deserve $12 or $15 per hour.
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The rich are innocent, hard working job creators that have society's best interests at heart, and it's because of the Government taxing them that they have detrimental business practices.

If it wasn't for the poor trying to suck up all the wealth, because they're too lazy to do any actual work, we'd all have jobs and lifestyles that would make this CEO look like the hardest of workers; we could all do whatever we want and only work five hours a week.

But the poor just have to want their benefits and disability allowance, like the worthless leeches that they are to the very core.




yes this is satire put the gun down
 
I lean a bit to the right on financial issues but I am pretty much for a maximum wage or to at least have it tied to either the lowest wage or avg. wage (Avg. wage X amount = CEO wage) of employees at the company. I know this has been brought up before but with the ridiculous wages CEOs get, I would hope it has a better chance. The gov't could say it is to help with the betterment of society and continued welfare and success of its citizens.

I will put my flame retardant suit on now as I suspect incoming fire.
 
Fanatical Meat said:
In all the minimum wage discussions I don't believe you've ever said that or your previous statement. I apologize if I'm wrong.
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Who knows? I don't think I have but I could have run on at the mouth. I don't believe government should tell businesses what they have to pay people. Not that they aren't worth xyz.
 
buckshot24 said:
The guy digging a ditch with a fork is working pretty hard, should he get credit for working that hard?
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Too bad for him, he doesn't have his buddies determining his pay (and his buddies don't have their pay determined by him), unlike CEO's who formed interlocking directorates for the sole purpose of extracting as much value from companies/shareholders as possible without arms lengths negotiations.
 
i hear this commercial on pandora about why verizon is on strike - because they pull in like 1.2 billion a month in revenue, and the ceo's have 15 millino dollar salaries, while the people doing the peon jobs feel they deserve more of the cut.

ffuucckkk that. i hate all these entitled people now a days. when they signed up for the job and accepted the offer, they knew exactly what the pay was and what their job was. it's not like they have received pay cuts or anything.

i personally have no problem with ceo's making as much as they do, if their business they are running is making money, regardless of how much "work" they actually do. they helped get it there somehow so kudos to them for getting to the position they are in currently.

they deserve whatever the company is willing to pay them. if they didn't deserve it, the company wouldn't pay them that much.
 
purbeast0 said:
i hear this commercial on pandora about why verizon is on strike - because they pull in like 1.2 billion a month in revenue, and the ceo's have 15 millino dollar salaries, while the people doing the peon jobs feel they deserve more of the cut.

ffuucckkk that. i hate all these entitled people now a days. when they signed up for the job and accepted the offer, they knew exactly what the pay was and what their job was. it's not like they have received pay cuts or anything.

i personally have no problem with ceo's making as much as they do, if their business they are running is making money, regardless of how much "work" they actually do. they helped get it there somehow so kudos to them for getting to the position they are in currently.

they deserve whatever the company is willing to pay them. if they didn't deserve it, the company wouldn't pay them that much.
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So many things wrong with what you wrote:

1) look up at my point about interlocking directorates

2) I think someone who founded a company from scratch deserves a lot of compensation, but CEO's who just take over a successful company from prior CEO's? Give me a break.
 
Phokus said:
So many things wrong with what you wrote:

1) look up at my point about interlocking directorates

2) I think someone who founded a company from scratch deserves a lot of compensation, but CEO's who just take over a successful company from prior CEO's? Give me a break.
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so then when your business gets to be a billion dollar company, and you want to hand the reigns to someone else, find a ceo that will work for $200k/yr. if these companies didn't think it was worth it, they wouldn't pay it. the ceo taking over a successful company typically has experience running a company as a CEO previously that was successful too.
 
purbeast0 said:
so then when your business gets to be a billion dollar company, and you want to hand the reigns to someone else, find a ceo that will work for $200k/yr. if these companies didn't think it was worth it, they wouldn't pay it. the ceo taking over a successful company typically has experience running a company as a CEO previously that was successful too.
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Again, interlocking directorates. CEO pay would be far less if there were arms lengths negotiations for pay.

https://en.wikipedia.org/wiki/Interlocking_directorate

I used to work for IBM, and the CEO, Sam Palmisano, sat on Exxon's board, while an Exxon exec sat on IBM's board. Sam Palmisano was also Chairman of the Board of IBM at the time.

There is no such thing as independence when it comes to negotiating executive compensation.
 
Pay and actual work does not always correlate.

The McDonalds employee probably works harder than me in IT and I make double what they do.
 
They make important decisions that effect the investors. Remember, companies exist to make investors money, everything else is a side effect to make that happen.

AznAnarchy99 said:
Pay and actual work does not always correlate.

The McDonalds employee probably works harder than me in IT and I make double what they do.
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I worked at McD's before. I didn't do shit really, most of the time I took the wrap station where I just wrapped up the burgers and dropped them onto the counter. Other times we would play hockey with the buns on the floor and the dust pans as goals. Other times we'd have food fights and I'd always offer to take out the trash so I could smoke me a joint in the enclosed area for the dumpster. At times in summer, it would get hot in the back so I'd go relax in the fridge and make a throne out of cheese boxes to sit on
Those were the days.
 
AznAnarchy99 said:
Pay and actual work does not always correlate.

The McDonalds employee probably works harder than me in IT and I make double what they do.
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Then you aren't paid very well....

But really, I think my issue with CEO pay is the 300x worker pay is actually a recent thing. I'm 33 and, in my lifetime, CEO pay started around 50-60x worker pay and ballooned to the current 300x or more. Are they doing more? I have my doubts.
 
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