Today i read the most annoying column ever... i found it on Yahoo.com. It is called "Will New Executive Pay Rules Cause A Brain Drain". by Rachel Beck on October 22nd. Here is the URL.
http://news.yahoo.com/s/ap/us_executive_pay_brain_drain
So the article basically says that for some companies the pay cuts that the bailouts required might cause some of the top executives to leave the companies that they are at currently. They call this an executive pay "brain drain". Here is why this is annoying. If these executive crybabies wanna leave their jobs- that are in demand- then let them. They are angry or hurt because their pay got cut a million or two dollars. So what. These executives helped cause some of this depression and they should help pay for it. If they want to leave then fine. Let them leave because i am sure there are plenty of other executives that have been fired and are looking for work. There are plenty of people with the degrees and ideas out there that can do the job that they thought their "great" ideas werent good enough for. The Govt has already bailed some of these companies out so they need to stop crying and take it just like everyone else in the world has to. The Woman who wrote this seems to be a very good reporter. I cant feel any biased in it but there may be some. She reports on the story almost as if she was getting payed for it and doesnt really care all that much. I dont know about other people but i for one and really tired of all of the executive cry babies.
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I agree with you. I think they should stop their whining because they have jobs and getting paid well, which is more than some people can say. If they want to continue to whine, then there are people with degrees and great ideas just like you mentioned.
ReplyDeleteYes, it is a little hard to feel sorry for a CEO who has been receiving million dollar bonuses (above and beyond his pay). I don't think this would bother us as much if we hadn't had the stimulus package. We want that money to help entire companies--trickling down the lowest paid employees. Instead, because there was no accountability for the stimulus money, the people at the top gave themselves a disproportionate amount of that money. While I believe in rewarding success, we need to get out of the "fat cat" mentality in order to truly turn the economy around.
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