Bitterbarn’s Weblog

aka “The Bull” (some content not suitable for children or religous zealots)

The big three

educate me.

What does a CEO do; at work I mean? Does it take a rare skill set? Where did this profession come from? Managers as it seems produce no tangible product. I am going to pretend I am a manager for a second. … …. … … yup thats what I thought. Nothing to do. Honestly is seems the skill set includes telling people what to do. where to be and how to do it. heh, any lazy ass or big sister in the world is a natural borne CEO.] The Hospital CEO’s I have known over the years do little but approve or disaprove new programs mostly disapprove as that makes it look like their doing something. They come out of their cherry wood office now and then to glad hand the peasants. Even in profession like law and medicine I’ve noticed there are those who would produce the product and those who would sit back and take the credit for the companies succcess. These retards of the Big three coming and asking for a hand out while on the other hand pad their pockets is what the american dream has become. Do you think those guys know the first thing about making a car? I am glad their is a Union and I hope that Union breaks the business. After years and years of putting money into the ceo’s and boards pockets it should break and those CEO’s should go work at wal-mart (as if).
Rarely there are resturants and mom and pop shops where the CEO owner has to work to be profitable. I think we can agree though, if they didn’t HAVE to, they wouldn’t. and that would be fine except that as with all managers they would demand to make more for doing less. I’ve heard some say. EVEN if these CEO’s of the big three took no salary it would not save the industry. ” their salary is a drop in bucket” . True but that salary over time amounts to a lot of waste.
all I am saying that those who boast the skill of mangerial should not entitle themselves to a better quality of life than those who produce the product. I find no skill in that of a manager.

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December 12, 2008 - Posted by | Uncategorized | , ,

7 Comments »

  1. You’ve never managed. And any resource who’s supply is limited in a cartel like fashion ought not to be complaining about the undeserved quality of life that others enjoy.

    Comment by BugHunter | December 12, 2008 | Reply

  2. I too find it ridiculous, kind of like I think being a felon should disqualify you from playing a game for millions of dollars.

    Comment by april | December 12, 2008 | Reply

  3. Well, it is ridiculous. It must be said, there is a difference between salary, and such things as bonuses, stock options, dividends, stipends, benefits, etc. Work for a dollar a year! Bah.

    This is the worth of a CEO, and this is what good ones do. See link Below to read about John Welch, past CEO of GE.

    http://www.ge.com/company/history/bios/john_welch.html

    If you are good, as described above, and you raise your company value to 410 billion from 14 billion, then you deserve the $20 million severance package.

    And if your interested, here is an article of a study describing CEO pay, and Skill set.

    http://www.law.stanford.edu/publications/stanford_lawyer/issues/72/sl72_CEOPaySkill.pdf

    Comment by wallon dhitney | December 13, 2008 | Reply

  4. I can’t believe anyone person is worth 20 million dollars. In jacks case; is there nothing to be said of the labor who produced the product? How do we know GE or GMC don’t grown form simple inertia alone?

    Comment by bitterbarn | December 13, 2008 | Reply

  5. How much is an idea worth? Or a person?

    Do you argue that a persons worth cannot be defined in dollars, or that one person should not be allowed to be paid or earn 20 million dollars?

    What if, and this is a big what if, but humor me. Lets just say a particularly bright CRNA, after 4 or 5 years of clinical work has a bright idea. He then invents a revolutionary device to be used in anesthesia/surgery. This device was so amazing that every single OR wants one, and each unit cost > $10,000. So he sells these for a few years, then a Biomedic company approaches him with an offer to buy his patent (aka IDEA) for 20 million. Well, he should probably turn that down, because he is not worth 20 million.

    So, what is an idea worth?

    Comment by Wallon | December 14, 2008 | Reply

  6. Hey, what are ya doin for new years? I may be in the land northward.

    Comment by wallon dhitney | December 14, 2008 | Reply

  7. if you are going to make your blog our homepage, you better update it

    Comment by bradshaws | January 9, 2009 | Reply


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