On Sun, 28 Aug 2005 14:05:18 -0700, Stuart Grey
wrote:

Robert Sturgeon wrote:
On Sat, 27 Aug 2005 17:22:50 -0700, Stuart Grey
wrote:


Jim Stewart wrote:

Cliff wrote:


http://moneycentral.msn.com/content/...0.asp?GT1=6820
[
The 5 most outrageously overpaid CEOs

Here’s the pantheon of execs whose paychecks soar while their
companies suffer.


Good list, can't disagree. Now how about
finding us a list of the 5 most over-paid
civil servants?

These are examples of how the laws allow a conspiracy to plunder the
company.

Lets face it, a good, competant MBA could manage these companies MUCH
better and would probably feel overpaid at $250,000.

These idiots plunder the stockholders at a 40 M$ pay, and then screw the
company over. Criminal. Gut 'em and hang 'em with their own guts from
lamp posts on Wall Street.


Can you give some specific example of this behavior
(plundering a company)?

Someone else provided many good examples of CEOs who were plundering the
company.

You also need to read the website.

I don't accept mandatory reading assignments from usenet
posters.

These guys were raking in tens of
millions of dollars even as they lost over 70% of the shareholder's
equity during times when the economy was doing good.

Isn't that the shareholders' responsibility? - to either
change the board of directors or sell their stock? Why are
they so passive?

It's easy to claim it happens. I'd
like to see an example, with the name of the company and
what it is the evil executives are supposed to have done to
it.

There was that guy at Boeing who Lockheed accused of being in on a deal
where they got preferential treatment from an air force buyer, and then
gave the air force buyer a nice VP job as payoff. Billions of taxpayer
money was wasted so these people can rake in a few millions. The CEO of
Boeing was pretty much untouchable, but you knew that the Air Force just
didn't trust him.

Sorry - I just don't understand that story. How do you know
whom the Air Force trusted, and whom they didn't trust, and
why?

Then, suddenly, the CEO was fired for having an affair at some corporate
paid for drunken orgy, and then just days after he was fired, the Air
Force announced that it would do business with Boeing again.

Corrupt as hell. These guys plunder the company and the country.

You'll have to give a more complete explanation of the
events you mention before I'll accept your conclusions.
Boeing seems to be doing extremely well nowadays. Its
executives apparently didn't ruin the company. As for
Boeing plundering the country - I don't see how they can do
that. Do they have some way of forcing the Air Force to buy
their stuff, and pay too much for it? Or do they just go
directly to the Treasury and do an armed robbery?

--
Robert Sturgeon
Summum ius summa inuria.
http://www.vistech.net/users/rsturge/