Re: Spas--sorry to ruin your day but makes your point too
I respect and appreciate your efforts regarding "compensation", but I would
not agree with your "conclusion" of "losing anybody to a 'competitor'"...
CEO's, CFO's, COO's etc. "pay schedules" are determined by crutching back to
that argument in EVERY BOARDROOM IN AMERICA...ALL OF WHOM USE AND ABUSE THE
SAME "STUDIES" FOR THEIR FOLLOWING THE "NORM" PUT OUT BY THE SAME "STUDY"
EXPERTS...I've Forgotten Their Name and if it weren't so late I'd call my
CFO son and get it...Regardless; When you start paying top management in 7, 8,
9 figures, I'll guarantee you'll get the best of the best when you advertise that
7 digit number and they'll be lined-up 6-abreast at your front door applying
for the job...The guys getting PAID for their "STUDIES" are all part of the
systematic economic rape of American Corporations...Toss in the "lobbyists",
"experts" and all the other fat and getting fatter-cats and the only thing they
need the "public" shareholder for is to maintain some sort of illusion of a
capitalistic, democratic society.
The "comparison" game is an old, really old, management/labor tool to justify most
anything you might want or not want...wages, benefits, hours, overtime, working
conditions, manning, Christmas Shifts, and on and on and on...I used to be on
Union Bargaining Committees, BOTH SIDES, and It ain't no different than these
Over-Compensated, Over-Rated, Politicized Hirelings Steering Corporate America's
Shareholder wealth right into their back pockets...THEY, MANAGEMENT, WERE HIRED
TO MANAGE SHAREHOLDER ASSETS...SHAREHOLDER'S ARE THE CAPITAL RISK TAKERS...THE
ONLY THING THE HIRELINGS RISK IS, PERHAPS, A PORTION OF THEIR MORE THAN
GENEROUS SEVERANCE PACKAGE...THE BULL CRAP BEING FED TO THE AMERICAN PUBLIC BY
CORPORATE AMERICA'S OVERPAID, OVER-VALUED, CHIEFTANS IS EXACTLY WHY WE GET THE
LIZ WARREN'S, AOC'S, BERNIE SANDERS WORKING TO TEAR DOWN OUR DEMOCRACY!!!
No "HIRED" Manager who assumed managerial duties of a company created by others
and who has LITTLE OR NONE of HIS PERSONAL CAPITAL INVESTED AND AT RISK IS
WORTH WHAT COP and much of the rest of corporate America seems to deem "equitable".