If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(BusinessWeek)   It's that time of year again - to your left, the worst CEOs of 2012. To the right, all the others who should have made the list   (businessweek.com) divider line 46
    More: Obvious, CEO, share buyback, Chesapeake Energy, Government of Spain, BBY, price-fixings, Foreign Corrupt Practices Act, AVP  
•       •       •

5286 clicks; posted to Business » on 16 Dec 2012 at 12:47 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



46 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2012-12-16 01:14:35 PM
Well done Boys!! now get into line to pick up your multi million dollar Christmas Bonus while your company lays off employees.


aint' Freedom in America great!!
 
2012-12-16 01:17:42 PM
I don't think a reanimated Steve Jobs could save Best Buy.
 
2012-12-16 01:19:33 PM

MatrixOutsider: I don't think a reanimated Steve Jobs could save Best Buy.



this Billionaire could. SFW

Link
 
2012-12-16 01:24:03 PM
Interesting article in today's paper. A person working at McDonald's at minimum would have to work one million hours at minimum wage to make what the CEO made in a year.
Link
 
2012-12-16 01:27:25 PM
The list seems to only be CEOs who screwed their shareholders. I wonder if the CEOs have any other stakeholders from whose viewpoints their performance could be judged? Employees, customers, society...
 
2012-12-16 01:35:30 PM

cig-mkr: Interesting article in today's paper. A person working at McDonald's at minimum would have to work one million hours at minimum wage to make what the CEO made in a year.
Link



well, that employee had better get his nose to the grind stone. we got burgers to sell.
 
2012-12-16 01:41:24 PM

Linux_Yes: cig-mkr: Interesting article in today's paper. A person working at McDonald's at minimum would have to work one million hours at minimum wage to make what the CEO made in a year.
Link


well, that employee had better get his nose to the grind stone. we got burgers to sell.


And that's why they want you to super size that order.
 
2012-12-16 01:59:03 PM

cig-mkr: Interesting article in today's paper. A person working at McDonald's at minimum would have to work one million hours at minimum wage to make what the CEO made in a year.
Link


Waaah a guy responsible for only himself makes less money than the man in charge of millions of people. Somewhere there is a back story that's not being told, drug addiction, alcoholism, convictions. Most people who are poor either got that way from lack of drive or extremely bad choices.
 
2012-12-16 02:01:06 PM
I can't tell you how many CEOs I've seen tank their company.


I'm like the "harbringer of death" for companies...if I appear and you treat me like crap.
Usually they're under in 6 months to a year after I've left the company.

That, or they go through a total reorg and reinvention.

Treat me nice, they seem to do decent.
Very strange.
 
2012-12-16 02:09:43 PM
Aubrey McClendon is one of the sh*twads that stole the Sonics from Seattle. Lied about his finances, told the NBA he was more wealthy than he was. They bought it.

Stern deserves him.
 
2012-12-16 02:20:46 PM
Aubrey McClendon, the CEO of Chesapeake Energy (CHK) who apparently has trouble keeping his company's finances and his own apart.

That's what you get for naming your company Cheapskate Ener -- oh.

/All of these people will still make thousand of times more than you ever will and will have no problem flushing other companies down the toilet.
 
2012-12-16 02:21:24 PM
Can't get the page to load. Bobby Kotick on the list?
 
2012-12-16 02:24:39 PM
Why didn't Steve Balmer make the list? Right now if the founders of HP are turning over in their graves. I suspect that SJ would be none too happy about recent events at Apple either. And we really should not leave out the CEO of PG&E either. No bank CEO's this year? How can this happen given most of them are also scumbags. This list really needs to be expanded.
 
2012-12-16 02:25:47 PM

steamingpile: cig-mkr: Interesting article in today's paper. A person working at McDonald's at minimum would have to work one million hours at minimum wage to make what the CEO made in a year.
Link

Waaah a guy responsible for only himself makes less money than the man in charge of millions of people. Somewhere there is a back story that's not being told, drug addiction, alcoholism, convictions. Most people who are poor either got that way from lack of drive or extremely bad choices.


Or were born...
 
2012-12-16 02:28:19 PM

justGreg: The list seems to only be CEOs who screwed their shareholders. I wonder if the CEOs have any other stakeholders from whose viewpoints their performance could be judged? Employees, customers, society...


It's Businessweek, not Employeesweek, Customersweek, or Societyweek.
 
2012-12-16 02:43:21 PM

BarkingUnicorn: justGreg: The list seems to only be CEOs who screwed their shareholders. I wonder if the CEOs have any other stakeholders from whose viewpoints their performance could be judged? Employees, customers, society...

It's Businessweek, not Employeesweek, Customersweek, or Societyweek.


The problem being you can "raise" shareholder "value" while completely farking the company over long term. Next Quarter Syndrome encourages this, destroying any long-term value while paying out millions for pi$$ poor business "leadership".

I just can't wait until we stop idolizing these failures. For every mature Jobs, there's ten irresponsible a$$hats that don't deserve their pay, much less a bonus.
 
2012-12-16 02:45:51 PM
FTA:

Andrea Jung, who stepped down as chief executive of Avon (AVP) in April but remains as chairman through the end of this year. Jung has been unable to fix the company's operational problems, failed to groom a successor, and turned down a $10.7 billion offer from the beauty-care company Coty that, in retrospect, it should have leaped at. Since 2004, the company's market value has fallen under her watch from $21 billion to $6 billion. And the company has had to spend $300 million in legal expenses related to allegations that it violated the Foreign Corrupt Practices Act, which bars bribery of foreign officials. 

Was there ever any real question that CEO's are the royalty of our age?
 
2012-12-16 02:48:01 PM

inglixthemad: The problem being you can "raise" shareholder "value" while completely farking the company over long term. Next Quarter Syndrome encourages this, destroying any long-term value while paying out millions for pi$$ poor business "leadership".


Perhaps shareholders should be required to hold their shares for at least 20 years.
 
2012-12-16 02:49:36 PM

justGreg: The list seems to only be CEOs who screwed their shareholders. I wonder if the CEOs have any other stakeholders from whose viewpoints their performance could be judged? Employees, customers, society...


HAHAHA!

I have a feeling you might actually be serious!
 
2012-12-16 04:26:35 PM

Linux_Yes: Well done Boys!! now get into line to pick up your multi million dollar Christmas Bonus while your company lays off employees.


aint' Freedom in America great!!


To be fair, one of the 12 worst CEOs is a girl. Andrea Jung, CEO of Avon.
 
2012-12-16 06:16:53 PM
The French had this whole thing sorted out in the 18th century....

boisdejustice.com 

Think that'll happen here? No.
 
2012-12-16 07:26:11 PM

steamingpile: cig-mkr: Interesting article in today's paper. A person working at McDonald's at minimum would have to work one million hours at minimum wage to make what the CEO made in a year.
Link

Waaah a guy responsible for only himself makes less money than the man in charge of millions of people. Somewhere there is a back story that's not being told, drug addiction, alcoholism, convictions. Most people who are poor either got that way from lack of drive or extremely bad choices.


Or were laid off because their job was shipped to China. Or were born into a poor family in a shiat neighborhood with shiat schools.

At the very least, every job should be able to pay a living wage, or the business that hires should not be in business.
 
2012-12-16 07:53:02 PM
I was a contractor working at Lexmark. I was there for nearly a decade. The last position I had was a newly created position for which I was the best candidate. I did my job well, I was told I was good at my job. Lexmark laid me off and replaced me with a full time worker (that is, employed by Lexmark) that didn't have any experience in that particular position. I was tasked with training them, which I did because I didn't want to burn any bridges.

Now, this full time worker came from the ink jet division. The ink jet division that was losing money hand over fist and that Lexmark FINALLY decided to shut down. Lexmark's current CEO used to be the head of that division and one of the biggest reasons Lexmark is in its current situation.

So, I nominate Paul Rooke to be on the list.
 
2012-12-16 08:00:03 PM

Ed Willy: At the very least, every job should be able to pay a living wage, or the business that hires should not be in business.


Because businesses exist only to provide living wages.
 
2012-12-16 08:53:46 PM

BarkingUnicorn: Ed Willy: At the very least, every job should be able to pay a living wage, or the business that hires should not be in business.

Because businesses exist only to provide living wages.


1/10.
 
2012-12-16 09:14:06 PM

jimw: Why didn't Steve Balmer make the list? Right now if the founders of HP are turning over in their graves. I suspect that SJ would be none too happy about recent events at Apple either. And we really should not leave out the CEO of PG&E either. No bank CEO's this year? How can this happen given most of them are also scumbags. This list really needs to be expanded.


I agree with Balmer. HP's problem is a lousy board of directors - not its CEOs. Same goes for Yahoo although it looks like that situation has rectified itself.

And Apple - doing better than most companies on the planet and it fixes its mistakes quickly. And when Steve Jobs was alive nothing he did was right according to fark. Now that he is dead - its like he was the second coming of Jesus and every decision he ever made was true and righteous. Good god - arm chair business analysts of Fark have lousy memories.
 
2012-12-16 09:32:13 PM

Generation_D: Aubrey McClendon is one of the sh*twads that stole the Sonics from Seattle. Lied about his finances, told the NBA he was more wealthy than he was. They bought it.

Stern deserves him.


Oh, and what a disaster that team has turned out to be:

Western Conference
Team GB
1. * Oklahoma City --
2. * San Antonio 1.0
3. * LA Clippers 2.0
4. Memphis 3.0
5. Golden State 3.5
6. Minnesota 6.0
7. Denver 7.0
8. Utah 7.0
9. Houston 8.0
10. Dallas 8.5
11. Portland 8.5
12. LA Lakers 9.0
13. Phoenix 10.5
14. Sacramento 12.0
15. New Orleans 13.5

I mean, only the best record in the NBA this year. But what about the prior years?

Oh wait, on second thought OKC had a better record their FIRST year in OKC than they did their last year in Seattle.

So suck it. And when you are done. Suck it.
 
2012-12-16 09:56:32 PM

BarkingUnicorn: Ed Willy: At the very least, every job should be able to pay a living wage, or the business that hires should not be in business.

Because businesses exist only to provide living wages.


Business exist to make a profit. That profit should be shared by providing at least a living wage to all employees, with higher wages for the more skilled. If you cannot make profit without keeping your employees in perpetual poverty, you do not deserve a high wage.
 
2012-12-16 10:44:07 PM

Ed Willy: Business exist to make a profit. That profit should be shared by providing at least a living wage to all employees, with higher wages for the more skilled. If you cannot make profit without keeping your employees in perpetual poverty, you do not deserve a high wage.


If it isn't a living wage, then how are they still alive?

If the trogs weren't so lazy and stupid, they wouldn't be working for shiat wages. They should try being less lazy and stupid. That would help them AND the company.
 
2012-12-16 10:54:41 PM

cig-mkr: Interesting article in today's paper. A person working at McDonald's at minimum would have to work one million hours at minimum wage to make what the CEO made in a year.
Link


Hmmm.... There's about a million people employed worldwide by McDonalds. So just ball park, each employee contributes a fraction of a penny per hour worked towards the CEO's salary.

My vote for worst CEO's would involve Hostess and AMR.
 
2012-12-16 10:55:07 PM
Worse than Dominos? Worse than Papa John's? Worse than LIPA?
 
2012-12-16 11:44:25 PM
justGreg



The list seems to only be CEOs who screwed their shareholders. I wonder if the CEOs have any other stakeholders from whose viewpoints their performance could be judged? Employees, customers, society...


The only stakeholders that matter are the shareholders and the government, its that simple.
 
2012-12-16 11:53:00 PM

Ed Willy: BarkingUnicorn: Ed Willy: At the very least, every job should be able to pay a living wage, or the business that hires should not be in business.

Because businesses exist only to provide living wages.

Business exist to make a profit. That profit should be shared by providing at least a living wage to all employees, with higher wages for the more skilled. If you cannot make profit without keeping your employees in perpetual poverty, you do not deserve a high wage.


So let me get this straight, you actually believe a burger flipper and a check out clerk deserve to be paid enough they can survive on that income alone? You do realize it has been quite some time since that has happened right? Its not like it happened in the 90s.

Besides they would have plenty to live on if they could farking budget for shiat. They did a story about a lady here in Atlanta crying about how she could barely make ends meet and they needed to increase public assistance pay outs for the poor. What I noticed was if she cut back on some of what was shown in her apartment she could make it. They had a flat screen close to 45", an iphone, and quite a few other electronic goodies that poor people couldn't afford back when our family was poor, christ we had a 19" B/W TV until I was in my teens. We got laughed at thinking we were kidding and we had another TV somewhere else. You know how we got out of being so poor? My father worked 2 jobs until we were old enough then my mother went to work.

Adapt and overcome, those who can't deserve to get left behind.
 
2012-12-17 12:19:45 AM

SevenizGud: Generation_D: Aubrey McClendon is one of the sh*twads that stole the Sonics from Seattle. Lied about his finances, told the NBA he was more wealthy than he was. They bought it.

Stern deserves him.

Oh, and what a disaster that team has turned out to be:

Western Conference
Team GB
1. * Oklahoma City --
2. * San Antonio 1.0
3. * LA Clippers 2.0
4. Memphis 3.0
5. Golden State 3.5
6. Minnesota 6.0
7. Denver 7.0
8. Utah 7.0
9. Houston 8.0
10. Dallas 8.5
11. Portland 8.5
12. LA Lakers 9.0
13. Phoenix 10.5
14. Sacramento 12.0
15. New Orleans 13.5

I mean, only the best record in the NBA this year. But what about the prior years?

Oh wait, on second thought OKC had a better record their FIRST year in OKC than they did their last year in Seattle.

So suck it. And when you are done. Suck it.


What the fark are you on about? Dude was talking about a consortium stealing a beloved franchise from a city. You're biatching about... What, exactly?
 
2012-12-17 12:21:12 AM

colithian: Worse than Dominos? Worse than Papa John's? Worse than LIPA?


Those dolts killing their brands with petty kvetching about minuscule Obamacare costs really should be mentioned, like Papa John's. You're right.
 
2012-12-17 01:44:14 AM
I'd like to nominate my recent former employer. I don't know what possessed him to hire a bunch of new employees just 3 months ago when their company was doing poorly, then fire them all just before Christmas when *gasp* their company is still doing poorly. Certainly he couldn't cut the literal yacht party or the year end Christmas bonus bonanza.

/Didn't even get to go to the Christmas party
//Rattles his tin can
 
2012-12-17 02:20:36 AM

BarkingUnicorn: Ed Willy: At the very least, every job should be able to pay a living wage, or the business that hires should not be in business.

Because businesses exist only to provide living wages.


If they do not provide that then they are costing society money. The only justification for work is to make a living. Otherwise why do it? If work can't provide that living then it is not worth doing.

Why this is even a matter of debate is a mystery, except that our masters have so completely brainwashed people into thinking that work is sacred and should be obligatory. We are real close to being able to implement a sustainable post-scarcity economy but it would eliminate much of our coercive, obligatory work needs.

That scares people who need some sort of socioeconomic stratification to indicate "winners" and "losers" and thus those who are "worthy" and "not worthy."
 
2012-12-17 10:43:25 AM

gingerjet: I agree with Balmer. HP's problem is a lousy board of directors - not its CEOs. Same goes for Yahoo although it looks like that situation has rectified itself.


This.

And Apple - doing better than most companies on the planet and it fixes its mistakes quickly.

And that. I am not much of a fan of their products, but holy crap do they know what they are doing business wise. Watching MS make their stores and try to be like Apple is like watching the Washington Generals play against the Harlem Globetrotters. And Samsung may make technically better stuff but their sales and service network is total shiat compared to Apple, and directly impacts their pricing and profits.
 
2012-12-17 11:27:37 AM

Ed Willy: BarkingUnicorn: Ed Willy: At the very least, every job should be able to pay a living wage, or the business that hires should not be in business.

Because businesses exist only to provide living wages.

Business exist to make a profit. That profit should be shared by providing at least a living wage to all employees, with higher wages for the more skilled. If you cannot make profit without keeping your employees in perpetual poverty, you do not deserve a high wage.


OK. Let me manage my employees' lives and I'll accept responsibility for their lifestyles.

"You have too many kids; get rid of some of them. No, you can't buy a TV until you pay your tuition. You can have a raise when you stop wasting money on beer."
 
2012-12-17 11:50:30 AM

gingerjet: And Apple - doing better than most companies on the planet and it fixes its mistakes quickly.


I don't know, people are still getting lost using Apple's homegrown maps and the fanboys peed themselves silly on Friday when it was announced that Google Maps was back and better than ever.
 
2012-12-17 01:34:21 PM

steamingpile: Ed Willy: BarkingUnicorn: Ed Willy: At the very least, every job should be able to pay a living wage, or the business that hires should not be in business.

Because businesses exist only to provide living wages.

Business exist to make a profit. That profit should be shared by providing at least a living wage to all employees, with higher wages for the more skilled. If you cannot make profit without keeping your employees in perpetual poverty, you do not deserve a high wage.

So let me get this straight, you actually believe a burger flipper and a check out clerk deserve to be paid enough they can survive on that income alone? You do realize it has been quite some time since that has happened right? Its not like it happened in the 90s.

Besides they would have plenty to live on if they could farking budget for shiat. They did a story about a lady here in Atlanta crying about how she could barely make ends meet and they needed to increase public assistance pay outs for the poor. What I noticed was if she cut back on some of what was shown in her apartment she could make it. They had a flat screen close to 45", an iphone, and quite a few other electronic goodies that poor people couldn't afford back when our family was poor, christ we had a 19" B/W TV until I was in my teens. We got laughed at thinking we were kidding and we had another TV somewhere else. You know how we got out of being so poor? My father worked 2 jobs until we were old enough then my mother went to work.

Adapt and overcome, those who can't deserve to get left behind.


But...but Mr. Scrooge! It's Christmas!!
 
2012-12-17 06:18:19 PM
No nyt
 
2012-12-17 09:04:03 PM

BarkingUnicorn: Ed Willy: BarkingUnicorn: Ed Willy: At the very least, every job should be able to pay a living wage, or the business that hires should not be in business.

Because businesses exist only to provide living wages.

Business exist to make a profit. That profit should be shared by providing at least a living wage to all employees, with higher wages for the more skilled. If you cannot make profit without keeping your employees in perpetual poverty, you do not deserve a high wage.

OK. Let me manage my employees' lives and I'll accept responsibility for their lifestyles.

"You have too many kids; get rid of some of them. No, you can't buy a TV until you pay your tuition. You can have a raise when you stop wasting money on beer."


That's the thing. Who determines what someone making minimum wage or close to it is allowed to purchase? Are they allowed to have a cellphone? A smart phone? an iPhone? Is there going to be some kind of Finance Panel from which you must get all purchases approved? No matter how much minimum wage ends up being, there will be people who biatch and say it isn't enough. They will be the people who have a house full of Rent a Center crap, drive a car that is WAY out of what should be their budget and play the lotto every week. Is it up to any of us to say "No you can't" at the Lexus dealer or the liquor store? Should they be paid in special money that is only good for certain things? It's just a ridiculous argument that goes absolutely nowhere because some people are stupid and do stupid things.
 
2012-12-17 10:16:23 PM

SevenizGud: Ed Willy: Business exist to make a profit. That profit should be shared by providing at least a living wage to all employees, with higher wages for the more skilled. If you cannot make profit without keeping your employees in perpetual poverty, you do not deserve a high wage.

If it isn't a living wage, then how are they still alive?


Welfare reforms in the 1990s turned welfare from a personal subsidy to a subsidy for companies. Wal-Mart is the biggest recipient with billions supporting their workers and they were busted handing out Medicaid forms to avoid paying health care
 
2012-12-17 10:47:04 PM

Ed Willy: Welfare reforms in the 1990s turned welfare from a personal subsidy to a subsidy for companies. Wal-Mart is the biggest recipient with billions supporting their workers and they were busted handing out Medicaid forms to avoid paying health care


Yep, apparently the step right before "profit" is "get everyone, even people who don't shop at your store, to subsidize you."
 
2012-12-18 04:05:55 AM
CEOs are mostly blowhards and megalomaniacs who are hired for their hubris because we actually think that autocratic, entitled douchebags can work miracles if we just pour money on them. So far, they're eating well. The people who bring the money in the door are checking the couch cushions for lotto ticket cash.
 
Displayed 46 of 46 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report