Not quite on track but over on the article about HP laying off 5000 employees, I found this. Apologies Paul.C, I have no way of contacting you so hope you don't mind me quoting you:
Re: HP Lays Off 5.000 More Employees paul.c 1/1/2014 2:30:58 PM
I worked for HP during the 50th anniversary. Bill and Dave were retired but the company was still run the "Bill and Dave way". Management was proud that no one, not one single employee, had ever been laid off in the history of the company.
Obviously the CEO's since then didn't read the "HP Way" or figured they knew better than the founders. What a shame.
Bit of a contrast to todays managers who can't wait to lay workers off - it helps the stock price....
Not sure why the quote won't cover the whole column width - apologies...
"Although I don't hold with huge CEO salaries I don't for one minute think you should distribute it to the workers - it would amount to a few hundred dollars each at most. But there has to be a fairer way of doing things."
"Why is it assumed that the interests of a company's shareholders and those of its employees are mutually exclusive?"
Because they often are.
Shareholders want quick returns. Employees want a stable work environment. Quick returns for shareholders often translates to short-term strategic thinking at the top, e.g. divesting the company of R&D costs to help improve the bottom line next year.
The guys who come up with these great schemes protect themselves from the fallouts, in ways their employees often cannot.
@Wnderer.....we ARE on the same page. Although I don't hold with huge CEO salaries I don't for one minute think you should distribute it to the workers - it would amount to a few hundred dollars each at most. But there has to be a fairer way of doing things.
Hi Dave, What I mean by 'wealth inequality crap' is that the left is abusing the publics misconceptions about money in order to advance a raise taxes and expand government agenda. This misconception is the belief that you can take the monetary value of things on paper and shift them around on a macro-economic scale. The wealth of the 1% is the ownership of the corporations, businesses, the places we go to work that produce the goods and services we use. You can't sell that off and distribute it to the masses. The left is promoting this idea that we can take money from the rich and give it to the poor to spend, when the reason there is wealth inequality is that we are spending too much and saving too little.
Look, it's like that idea that a $100,000 car is wasteful and that the money should be used to help the poor. If you sell the car, the value of the car stays with the car. You don't get any money for it if you blow up the car. The same thing with the CEOs stock options. You can't just take the monetary value of the stock. Somebody has got to own the stock. Now if this wealth inequality stuff was about increasing savings and having more people own stock, I'd be on board.
Obviously this is a topic that really strikes a chord with peopole. I wonder if there is any data on inequality of pay and whether its gone up in the past thirty years beyond the CEO level to other executives relative to average employees. That may give us a better sense of whether there is in fact a growing trend of inequality in the corporation today, rather than relying on a figure that only relates to one individual within each company.