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(Vancouver Sun)   18 months as CEO of a failing company that's going to be sold off for parts is certainly worth $56 million, isn't it?   (vancouversun.com) divider line 13
    More: Sad, BlackBerry Ltd., incentive payments, Siemens AG, Canada Pension Plan, Thorsten Heins, Jim Balsillie, RBC Capital Markets, JPMorgan Chase & Co.  
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3392 clicks; posted to Business » on 18 Aug 2013 at 1:23 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
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2013-08-18 02:13:15 AM
4 votes:
How is it that these guys always get paid due to contracts, but those who do the work at the bottom who have contracts will not? Why do so many of those who support these contracts for CEOs also tend to support forced labor concessions when times are bad? Shouldn't the buck stop with the leader and shouldn't they be the first to lose money if the company fails?
2013-08-18 01:38:44 AM
3 votes:

slayer199: The board is responsible for this...whatever happened to responsible Board of Directors that had the best interests of the stockholders in mind?


When the board members are professional inside traders and sit on almost every board in the industry, they think big picture. They'll burn one of their companies to boost profits for their others.
2013-08-18 11:55:53 AM
2 votes:
www.vancouversun.com

That's easily the most punchable face I've seen all week.
2013-08-18 01:30:43 AM
2 votes:

Lsherm: It's OK, no one is going to buy Blackberry.  He won't make anything.


How is that GED in business working out for you?

/Blackberry has many assets worth cash - at the very least - its patent portfolio
2013-08-18 02:54:13 PM
1 votes:
What, he couldnt figure out how to blame Unions?

Oh, Canadian.

Carry On....
2013-08-18 11:59:34 AM
1 votes:

TomD9938: But could the guy hit major league pitching safely three out of ten times over the course of a summer, he'd be worth every penny.


Absoutely. Because that's a saleable commodity with proven value.
2013-08-18 11:17:48 AM
1 votes:

Gergesa: It may just be me but after I finish ruining one company and get a large payout for it, I would just go to a low cost area like Belize and retire.  Why bother continuing to work?  With 56 million I can just chill out on the beaches and pursue leisure time activities.




As an ex-CEO you could be on the boards of 3-4 companies and attend all the meetings via phone.
2013-08-18 10:18:14 AM
1 votes:

Gergesa: It may just be me but after I finish ruining one company and get a large payout for it, I would just go to a low cost area like Belize and retire.  Why bother continuing to work?  With 56 million I can just chill out on the beaches and pursue leisure time activities.


Sociopaths don't work that way.

/no, I'm not implying that all CEOs are sociopaths
//I'm flat out saying it.
2013-08-18 10:14:05 AM
1 votes:

skinnycatullus: I don't even have a GED in business, so could someone explain to me what the CEO of a large corporation does? Like, day-to-day duties?

I get that they are in charge of making certain decisions and whatever, but they do not seem to be held responsible for much of anything. They can do a great job and make a shiat-load of money. Or they can suck ass and make a slightly smaller shiat-load of money.

I guess I'm mostly wondering if it's something I could do. I guarantee you I'd work twice as hard for half the salary and not fark things up nearly as much as some of these dipshiats.


At the end of the day, the CEO's job is to increase the value of the company.  Good CEO's do that by:

- Setting the overall vision / business plan of the company
- Selling the business plan to investors, shareholders, and the board
- Building a solid leadership team to execute the business plan
- Explaining corporate actions in the context of the business plan
- Adjusting any and all of the above due to adversity

You can measure whether a CEO is doing a good job by asking yourself the following questions:

- Before the CEO was brought on, what was the expected value of the company today?
- What is the actual value of the company today?

Sometimes this approach results in non-obvious results.   The value of a company may increases, but the CEO could still be doing a bad job as they aren't fully taking advantage of the opportunities in front of them.  The value of a company may decreases, but the CEO may still be doing a good job as they are managing an expected decline better than anticipated.

If this is something you think you could do, there is an easy way to become a CEO: start your own company, lay out a business plan, drum up investment, and then start building your team.
2013-08-18 02:41:00 AM
1 votes:

skinnycatullus: could someone explain to me what the CEO of a large corporation does? Like, day-to-day duties?


I think they are like queen ants, they dont actually do much except birth out menial jobs for the drones in the colony which ultimately serves to benefit the royalty.
2013-08-18 01:51:26 AM
1 votes:
I don't even have a GED in business, so could someone explain to me what the CEO of a large corporation does? Like, day-to-day duties?

I get that they are in charge of making certain decisions and whatever, but they do not seem to be held responsible for much of anything. They can do a great job and make a shiat-load of money. Or they can suck ass and make a slightly smaller shiat-load of money.

I guess I'm mostly wondering if it's something I could do. I guarantee you I'd work twice as hard for half the salary and not fark things up nearly as much as some of these dipshiats.
2013-08-18 01:48:55 AM
1 votes:

slayer199: The board is responsible for this...whatever happened to responsible Board of Directors that had the best interests of the stockholders in mind?



i203.photobucket.com
2013-08-18 01:32:04 AM
1 votes:
The board is responsible for this...whatever happened to responsible Board of Directors that had the best interests of the stockholders in mind?
 
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