Petrino1 said:
infinity ag said:
Kansas Kid said:
So if the President does four rounds of layoffs over the next few years, are you going to think he is doing a great job or is totally incompetent?
Companies get leaner all the time and with some of the new technology like AI, this is going to keep happening and it is a good thing.
The issue is the CEO ripping the company off after decimating the company. Somehow he is able to do it because of collusion with the Board. Don't be so naive that you don't see this, please.
Infinity, per your own posts, you are fairly wealthy and have done really well in the stock market benefiting from the hard work CEO's of major companies have put in. If thats the case, why the irrational hatred towards CEO's that have helped you obtain wealth?
Im not super pro CEO or anything, but I realize I have benefited greatly from working for companies/CEO's that have paid me well, good bonuses, 401k matches, appreciating stock price, etc. Sure, Ive been laid off, but I just move on to the next company where I can benefit from the company's resources. I have done well in the stock market also, so I dont care if a CEO is paid a crazy amount of money, as long as the stock price goes up which benefits me and other shareholders.
Yes, as of today, I am pretty comfortable. I don't know what tomorrow brings though. My career has struggled but I have done very well investing.
But you are missing the point. This is not about me. It is about us. About America. About our kids and grandkids. If things go this way, I will retire comfortably but I am not sure about my children and yet to be born grandchildren. We are hollowing out this country in order to make only a small section of the population wealthy. We are calling it "hard work being rewarded" so that we stay within our notion of American values.
I realized some time ago that hard work does not pay in America like it did in the past. Please don't reply back with "you can become a plumber or do HVAC jobs", no this is what I busted my balls doing 2 US grad degrees for (one being A&M). I am not alone, many Americans face this today when they are forced to train people from India who are in no way superior to them. In fact much much inferior.
So I see the only way to get wealthy in America is to invest well or run a business well. I decided to do the former and I am a numbers person so I experimented a lot over many many years and have developed some investing skills after many missteps and losses. I made it such that if the slimy CEO makes money, so do I. That b@st@rd now works for me! But still, is it right? No. I am doing well because I had the education, what about my fellow Americans?
Irrational hatred? No. It is purely rational because they are the architects of our future demise as a nation. I am thinking long term, not today or tomorrow.
I also want to clarify that I actually don't care about if the CEO is making a crazy amount of money. But I do care if the CEO is making a crazy amount of money WHILE laying off 1000s of innocent hard working Americans while smirking and calling it "right sizing". No, not right. It is not okay to ruin a company, ruin lives and make off with a 20M bonus.
Anyway good post and thanks for asking, I hope I have clarified my stance.