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You are talking about some radical solutions.
Unfortunately radical solutions aren't adopted by the masses until it
is almost too late, if at all.... it takes visionary leadership to
force it upon them at an appropriate time.
> There should be stiff financial penalties for
> the well-heeled manager(s) who comes cup-in-hand, warning of dire
> societal consequences should we all refuse to "donate".
In Australia it is called 'the sack'.... they are appointed by the
board so presumably there's a whole bunch of em.
We can't generalise too much though ... there are always a % of
talented and hardworking people in any field, even politics and
business ..... according to my theories 10% of them are brilliant but
they can be hard to find.... they are often self- effacing, unless
forced into revealing their hand.
> I think we (worldwide capitalists with an interest in corporate
> management) ... etc
Actually I am not a business person or a politician.
I do know how hard it is to be an outsider (radical thinker),
anywhere, let alone as a female in Japan.
BTW I apologise for my occasional grammatical lapses ... I do try to
correct them to the best of my ability ... having trouble with tenses
and other things ... I will need a coach, or a ghost writer, for my
book.
Are you going to write a book?
You have a good foundation for it ... trained journalist ...
universal woman living in a old world ---> new world culture (very
intriguing!)
brian_z
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxx> wrote:
>
> b> If the vision was there the salaries wouldn't offend in the
least.
>
> Absolutely. What offends the most is that these guys and their ilk
> have systematically put short-term numbers ahead of long-term
> viability, and they have rigged their own pay schemes so that they
> are rewarded immensely for doing so. They profit from short-term
> thinking, even when such thinking carries heavy long-term
> consequences.
>
> I think we (worldwide capitalists with an interest in corporate
> management) need to consider taxation regimes (or something) that
> make that kind of behavior impossible. Great salaries and great
> bonuses are fine for great performance. But performance metrics
that
> look great for a quarter, or four quarters or so, often shine at the
> distinct expense of the longer term. So we need to think about
> making these rewards available only after time frames that juxtapose
> with those longer term interests.
>
> How to do that in a world fragmented into competing states is
another
> whole kettle of sakana.
>
> But there is something inherently unstable about a situation in
which
> the management of companies way too big to fail can reward
themselves
> for putting those companies into situations where the state has to
> come to the rescue. There should be stiff financial penalties for
> the well-heeled manager(s) who comes cup-in-hand, warning of dire
> societal consequences should we all refuse to "donate".
>
> We've all heard of slash-and-burn agriculture, of course.
> Slash-and-burn corporate management is just as bad.
>
> Yuki
>
> Friday, November 21, 2008, 7:46:29 AM, you wrote:
>
> b> Political theater is performed at a much more sophisticated
level in
> b> the USA than anywhere else, although not with the finality of
some
> b> less democratic states.... something to do with all of the TV
cameras.
>
> b> The auto bailout is an interesting and drama packed sub-plot to
the
> b> long running financial soap opera.
>
> b> Their lack of contrition, and the tounge in check banter,
indicates
> b> that it is accepted that they have not committed a crime.
>
> b> It fails to shock .... it is all a symptom of where we are
> b> collectively.
>
> b> I see their negative campaign, drumming up the case for a 'loan'
> b> (only good until next March) but I don't see anything about
their
> b> vision for the future.... their plans as to when, where, why and
how
> b> the 'big three' are going to emerge into the bright lights of
the
> b> brave new world.
>
> b> If the vision was there the salaries wouldn't offend in the
least.
>
> b> Australian auto makers have been routinely queing for social
security
> b> (restructuring loans) as long as I can remember.... there isn't
a day
> b> in my adult life when that wasn't the norm.
>
>
> b> A personal note -
>
> b> Ignorance (Mumyo) is pervasive .... one can not hope to fathom
it or
> b> stand against it .... we can't catch it in our fishing nets and
> b> discard it, as if we are clearing our waterways of a feral
> b> fish .....cut off your slice of the cake and oppose that smaller
> b> portion and have no concern for the rest.
>
> b> brian_z
>
> b> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@> wrote:
> >>
> >> From the Washington Post:
> >>
> >> ---
> >>
> >> So it was hard to feel sorry for the executives when Rep. Peter
> >> Roskam (R-Ill.), late in the hearing, reminded them again
that "the
> >> symbolism of the private jet is difficult," and mischievously
asked
> >> the witnesses whether, in another symbolic gesture, they would be
> >> willing to work for $1 a year, as Nardelli has offered to do.
> >>
> >> "I don't have a position on that today," demurred Wagoner (2007
> b> total
> >> compensation: $15.7 million).
> >>
> >> "I understand the intent, but I think where we are is okay," said
> >> Mulally ($21.7 million).
> >>
> >> "I'm asking about you," Roskam pressed.
> >>
> >> "I think I'm okay where I am," Mulally said.
> >>
> >> And don't even think about asking him to fly commercial.
> >>
> >> ---
> >>
> >> For those of you living in caves, the "Big Three" auto execs each
> >> took a single private jet to Washington from Detroit (24
commercial
> >> flights per day) to beg for money. (The Chrysler guy --
Nardelli --
> >> did actually offer to work for 1 dollar next year.)
> >>
> >> The guillotine seems too "kibishii". But stocks (the physical
> b> kind ,
> >> not the financial kind) seem more appropriate than any Japanese
> >> remedy. I'm stocking up on rotten vegetables, just in case.
> >>
> >> Yuki
> >>
>
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