Campbell Brown Goes All WTF On Merrill Lynch CEO - Page 2 - Mercedes-Benz Forum

Reply
 
LinkBack Thread Tools Display Modes
post #11 of 14 (permalink) Old 12-09-2008, 08:24 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by Marsden View Post
To which the CEO's of our fair nation respond, "OH YEAH? MAKE US!"

And how will you do that?
Remove the corporate tax incentives for bonuses if the company is also claiming losses. The "if you check box 1,319 [we done lost money this year, dammit], you can't issue bonuses" concept.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
Sponsored Links
Advertisement
 
post #12 of 14 (permalink) Old 12-09-2008, 08:27 PM
Moderately subtle
 
edfreeman's Avatar
 
Date registered: Dec 2003
Vehicle: 94 E500, 97 500SL
Location: Soddy Daisy, TN
Posts: 8,518
Mentioned: 1 Post(s)
Quoted: 80 Post(s)
Lifetime Premium Member
Send a message via AIM to edfreeman
Quote:
Originally Posted by bottomline1 View Post
In the interest of a quick and dirty post, you may have failed to consider some logical things.

For example, no connection to anyone currently, perhaps the BOD expects a $20 million loss over the coming year and the CEO cuts it to $10 million including his $1 million bonus which a grateful Board awards him. Still no profit, but he did his job and may do it again next fiscal year.

Another possibility: While the company didn't make a profit this year due to the write off of a discontinued business segment, there was adequate cash to award bonuses which the BOD felt were thoroughly earned and justified based on normal operations.

Watch out for the simplistic notions of "No profit, no bonus". And totally wary of government setting CEO salaries. If they can do that, they can set yours, too.
But, if bailout money is accepted, don't we all become shareholders? As a shareholder, are you happy with the CEO's performance?

edfreeman is offline  
post #13 of 14 (permalink) Old 12-09-2008, 08:30 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by bottomline1 View Post
In the interest of a quick and dirty post, you may have failed to consider some logical things.

For example, no connection to anyone currently, perhaps the BOD expects a $20 million loss over the coming year and the CEO cuts it to $10 million including his $1 million bonus which a grateful Board awards him. Still no profit, but he did his job and may do it again next fiscal year.

Another possibility: While the company didn't make a profit this year due to the write off of a discontinued business segment, there was adequate cash to award bonuses which the BOD felt were thoroughly earned and justified based on normal operations.

Watch out for the simplistic notions of "No profit, no bonus". And totally wary of government setting CEO salaries. If they can do that, they can set yours, too.
Not a simplistic approach and it was not an off the cuff thought. Neither of your examples address the "running a business into the ground with bad decisions" options. See the post above for a simple way of addressing the problem.

Again, NO PROFIT, NO BONUS. That does not "set CEO Salaries", it eliminates corporations from using the tax system to compensate for mediocrity.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #14 of 14 (permalink) Old 12-09-2008, 09:04 PM
BenzWorld Elitist
 
Marsden's Avatar
 
Date registered: Dec 2005
Vehicle: Mercedes-Benz
Location: United States
Posts: 11,333
Mentioned: 3 Post(s)
Quoted: 420 Post(s)
Lifetime Premium Member
Quote:
Originally Posted by mcbear View Post
Remove the corporate tax incentives for bonuses if the company is also claiming losses. The "if you check box 1,319 [we done lost money this year, dammit], you can't issue bonuses" concept.
Whoa, good answer

'course, they can still inflate salaries....
Marsden is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Merrill Lynch, Pierced, Splinter & Filch. mcbear Off-Topic 3 07-18-2008 03:20 PM
    QuickTime of 6/21/08 SLK Meet/Drive - Campbell-Carmel Motzkoman Events 0 06-22-2008 09:34 AM
    Black lynch mobs waiting to throw the noose over whitey upon Obama's directive ThrillKill Off-Topic 22 06-09-2008 01:02 PM
    Campbell Brown vs. Lexus Parking assist! Nimrodthewombat Off-Topic 7 12-11-2006 05:47 PM
    Naomi Campbell charged with assault Marsden Off-Topic 5 03-31-2006 06:40 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome