Would their normal bonuses have been $20m each?
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Would their normal bonuses have been $20m each?
Yes you are ... its HIS goddamn money, if he decides he doesn't want to do business anymore it doesn't have to be because his back is against the wall, it can be because he's not going to be making as much money or it can be because his favorite TV show got canceled, it doesn't matter, its not your place to tell him he can't.Originally Posted by Teufelhund
He can take his money and go home anytime he wants, anything less is tyranny.
Businesses exist to provide profit for the owners NOT as some sort of privatized jobs program.
That is the opposite of what you've said this entire thread.Morality does not hinge upon level of income.
So if a valued employee wants to leave a company you would never interfere with that right no matter what damage it does to the company. But when the rich guy is the one making the decisions that might not be good for others, he's a bad guy?
Modern liberalism is based on the idea that reality is obligated to conform to one's beliefs because; "I have the right to believe whatever I want".
"Everything the State says is a lie, and everything it has it has stolen.
-Friedrich Nietzsche
"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people."
-Penn Jillette
A World Without Guns <- Great Read!
I know, reading is hard. If I'm going to take the time to type this shit out, you could at least do me the courtesy of reading it before you spew some unfounded rant.
I didn't say it's my place, or anyone else's place to tell him what to do with his money; in fact, I said the opposite. HE CAN DO WHATEVER THE FUCK HE WANTS with his money. If he would rather maintain his current salary and fire everyone, that's his prerogative. He lacks moral fiber for doing so.
In other news: Natural Law is a myth. One wins at life by fucking over as many people as he can to collect as much material wealth as possible. We now return you to your regularly scheduled back-stabbing.
"America is at that awkward stage: It's too late to work within the system, and too early to shoot the bastards."
-Claire Wolfe
"I got a shotgun, rifle, and a four-wheel drive, and a country boy can survive."
-Hank Williams Jr.
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You mean: "18 kids from 6 daddies" right? Just checking
"The French soldiers are grand. They are grand. There is no other word to express it."
- Arthur Conan Doyle, A visit to three fronts (1916)
No it isn't. Let me rephrase for the intellectually-challenged: Morality SHOULD NOT depend upon level of income.
I would never interfere with either of their rights. Yes, if you fuck someone over to maximize your own profitability, you're the bad guy.
"America is at that awkward stage: It's too late to work within the system, and too early to shoot the bastards."
-Claire Wolfe
"I got a shotgun, rifle, and a four-wheel drive, and a country boy can survive."
-Hank Williams Jr.
Feedback
I think we have some basic misunderstandings as to wealth, so maybe this will help clarify-
No matter how much you have, its yours. Its not yours and the governments, or yours and your neighbors, its yours. Now some people, they hit a comfort zone and could care less about making more, but threaten to pull them out of that comfort zone and they circle the wagons and cut costs and may even try harder to increase income.
Others never get enough. A single dime loss on their balance sheet is a cause for alarm. Now, a socialist will say, its morally wrong to have all that wealth and not want to help people out, or lose a little bit for the greater good. Eff that. Its morally wrong to ask me to hurt myself to help you, and I am the one who gets to define what hurt is.
Personally I trade currency a lot, so I am very aware of movement in the markets. Some days I can bank $10K, just by clicking a few keys and risking a little money. Some days I lose. And no matter how small that loss is, No matter how much I bank- literally I could make 5k on one trade and turn around and lose $200 and it would bug me all day- I hate it. Its part of the process, but I hate it and do everything I can to avoid it. If it ever got to the point I felt I was going to lose more than win, I would get out.
No difference with the resort king in the article or any other business man, if the costs outweigh the benefits, if the risk is too great, its time to get out. Doesnt matter if he has 100billion sitting in the bank and could support the business and the employees for the rest of his life, if it puts him out of his comfort level, that that.
Much less:
http://seekingalpha.com/article/1631...orker-pay-cuts
"Although HP's performance has hit the wall in the past two years, Hurd's pay -- and the pay of his management team members -- has dramatically increased. For 2008, Hurd's total compensation reached $43 million, which made him the fourth highest paid CEO in America for 2008. Hurd's total compensation increased 73% from his $25 million in 2007, even though HP's stock price declined 29% in 2008.
On his senior management team, the sharp compensation increases in 2008 were also noteworthy. CIO Randy Mott's total compensation went up 400% last year to $28 million. Imaging EVP VJ Joshi's total compensation jumped 83% to $22 million. Personal Systems EVP Todd Bradley's total compensation jumped 263% to $21 million. Technology Solutions' EVP Ann Livermore enjoyed a 31% bump in total compensation to $21 million. And CFO Catherine Lesjak got a 49% increase in total compensation to a more modest $6 million.
What also raises eyebrows about these sharp executive raises, aside from it happening in the face of a sharp stock price drop for the year (and the general market uncertainty which remained at the end of the year), is that 2008 was also a year in which these same leaders imposed mandatory 10% pay cuts for other executives and 5% cuts for the rest of HP's workforce. It hardly seems like this select group is shouldering the pain like the rest of the employees."
Apparently we simply have a misunderstanding of morality. You seem to think an altruistic nature is socialism. I think you need to take some of your accumulated wealth and go buy a dictionary.
"America is at that awkward stage: It's too late to work within the system, and too early to shoot the bastards."
-Claire Wolfe
"I got a shotgun, rifle, and a four-wheel drive, and a country boy can survive."
-Hank Williams Jr.
Feedback
Sorry bud, we produce enough business for my commission driven positions for the newcomers to line up at my front desk asking for position. So yes, I let them go when they start to act up and cherry pick the creme. No two way street here - business is business, no kumbaya BS. It's my money and I built it (hear that obama?) You don't perform, you are outta here!I learnt long time ago to keep an arm distance from your employees.
It's immoral to want to make money or to be better than the guy next to you? Go join the green peace and volunteer for the cause.
No, the installers I have now have been here 3 years and work for their money and never complain about doing anything I ask.I hope he wasn't one of the installers you sent to install those glasses at my house. Those looked like good workers.
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