National Gun Forum banner
1 - 7 of 7 Posts

· Registered
Joined
·
8,425 Posts
And folks wonder why corporations aren't well thought of. - no different than the hedge fund folks like Tom Tom running for president
 

· Registered
Joined
·
4,756 Posts
I heard a story from a former employee of Motorola (Remember Motorola?). It appears the the "forward thinking" board of directors decided to hire a new CEO, he was giving a mandate, if he was able to increase their profitability to a certain number withing a year, he was to receive a 100 million bonus.
He did it, how? Simply he fire 50% of the employees, the profits went up because the employees expenses went way down. He left the company, then the board of directors found out that, because so many employees were fired, the company no longer could function and produce and provided the services they were supposed to.
Motorola had no other choice than to sell itself to a Chinese company (Lenovo). That was the end of it.
Most CEOs only care for themselves making big $$$$ and could not care less about the future of the company they run.
 

· Registered
Joined
·
4,756 Posts
It's the very exclusive CEO club, they pocket millions even if the company is failing.
And who is a fault? the Board of Directors who do not properly do their job when selecting a CEO. Usually the Board of Directors are a group of people who, because they are in the board of other companies and many of them are actually CEOs, they really do not care on how the company they are supposedly directing is doing.
 
1 - 7 of 7 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top