anyone willing to defend these talented people

[kimba1]

http://articles.moneycentral.msn.com/Investing/CompanyFocus/as-banks-broke-down-ceos-cashed-in-slide-show.aspx?GT1=33002

I`ll start
you gotta admit it takes talent to get paid huge amount of money the way these men did

[Plane]

http://articles.moneycentral.msn.com/Investing/CompanyFocus/as-banks-broke-down-ceos-cashed-in-slide-show.aspx?GT1=33002

I`ll start
you gotta admit it takes talent to get paid huge amount of money the way these men did

All right I will drive this car that has no brakes if you need me to , You are certainly paying me enough to take the risk ,but I insist on having an airbag.


All right I will attempt to make this bloated inneficient poorly run bank profitable for you , but it is so likely to fail , and I depend so much on my reputation for success ,that I want to have an assured retirement as part of the deal up frount.

[Xavier_Onassis]

They surely could have found people of equal talent for far less.

[Plane]

They surely could have found people of equal talent for far less.

As far as I know, you are that talented.

If offered the lead in a troubbled large bank what would you demand?

[kimba1]

http://money.cnn.com/galleries/2008/fortune/0809/gallery.women_mostpowerful.fortune/4.html


I haven`t found what her pay is but she did do the job none of these guys were able to do.
I heard onetime it got so bad xerox almost didn`t make payroll.
plane you did good
much better than I try to state

but the question is do goldenparachute`s help or hurt businesses.
does it undermine a person`s effectiveness
bonus programs promotes false profit statementes.
stock options has the same deal.
what other ways are their?

[Plane]

  Someone who took on a golden parachute deal and then jumped ship or did nothing to save the company has merely made a good swindle.


    I wouldn't be surprised if several good swindles of this sort have happened .

    I wonder if the Titanic's owners might have been tempted to change Captians the last hour before it sank?

     If someone accepts the golden deal even if they know that there is no hope , is that a swindle or picking up found money?

[Xavier_Onassis]

I wonder if the Titanic's owners might have been tempted to change Captians the last hour before it sank?


No, it sank pretty fast, and the Cunard White Star directors did not work on th night shift.
================================

     If someone accepts the golden deal even if they know that there is no hope , is that a swindle or picking up found money?

We could call it both.

[kimba1]

I`d call it both
but the real question would be is thier effert to turn the company or increase money in one own pocket.
stock prices has now been proven bad if not dangerous indicators.
ex. enron

[crocat]

http://articles.moneycentral.msn.com/Investing/CompanyFocus/as-banks-broke-down-ceos-cashed-in-slide-show.aspx?GT1=33002

I`ll start
you gotta admit it takes talent to get paid huge amount of money the way these men did

All right I will drive this car that has no brakes if you need me to , You are certainly paying me enough to take the risk ,but I insist on having an airbag.


All right I will attempt to make this bloated inneficient poorly run bank profitable for you , but it is so likely to fail , and I depend so much on my reputation for success ,that I want to have an assured retirement as part of the deal up frount.

Ok, here is my opinion on the problem.  Start out with the theory of small business and free enterprise.  Lots of small community banks open to varying  degrees of success all with their own 'business model.'  Some thrive and some fall and new ones pop up to take a crack at the market.   The impact on the grand scheme of things (good or bad) is negligible.  Now let's say that a community bank that thrives on say..... auto loans looks across the way and decides that community bank b had a terrific home loan portfolio and if they combine forces they can expand the business expedientially whilst eliminating employee head count because they can combine many services and thus close branches.   Trim the fat as it were.  Time moves along and slowly the business model shrinks from two varied models to one.  Pretty soon they see that folks are moving to the burbs and maybe that would be a good market to tap so they swallow yet another community bank and along with it that banks business model.   This goes on and soon we have a giant.  It no longer is many small businesses that can come and go with little or no wave of impact.... no it is a GIANT with it 's bloated one size fits all business model and giant board that is top heavy in salaries and has become so disconnected from it's product.  It looses track of it's own reality and starts to do business based on predictions of what is supposed to happen never giving any thought to the changes that are not predicted.  The problem is that was once a small natural process has now become of a process of giant proportion.