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Peter Heywood 12/4/2012 | 9:07:09 PM
re: 2002 Top Ten: Fat Cats I agree.

What needs to be done about it?

fiber_to_toilet 12/4/2012 | 9:07:07 PM
re: 2002 Top Ten: Fat Cats
2.Lay , the old wily from Houston
1.Bernie, the big barn cat from virginia
pitr256 12/4/2012 | 9:07:07 PM
re: 2002 Top Ten: Fat Cats What needs to be done is for companies to hire more execs like John Chambers.

A company isn't profitable, CEO and CFO get $1 as salary, return most of their options, and only get it all back when and if the company recovers.
sigint 12/4/2012 | 9:07:07 PM
re: 2002 Top Ten: Fat Cats 1. Give wide publicity to these facts (word of mouth, discussion forums and so forth)

2. Device a figure of merit for each company

ECVR = (total executive compensation)/(company revenue)

where,low ECR is good

3. When its boom time ago and that 'company with great vision' tries to sell you their vision, do care to enquire what the total executive compensation would be.

4. Can the guillotine be revived, or would that be excessive? :-)

Peter Heywood:

I agree.

What needs to be done about it?
pipesoflight 12/4/2012 | 9:07:04 PM
re: 2002 Top Ten: Fat Cats I want to get some of that stuff the board of directors are smoking and drinking. That way, I will feel good while being screwed and they rape the company funds.
There is really nothing else "ONE" can do. They have the money and power.
It wouldn't be nearly so bad if the VCs, Boards, and fat cats could be stopped from screwing the guy in the trenches (salary, stock options, bonuses, give advanced layoff notices).
Any person caught doing something unethical or illegal to receive those kinds of gains should be stripped of all monies and their name put on a black list for those kinds of positions in the future.
Jameson 12/4/2012 | 9:06:57 PM
re: 2002 Top Ten: Fat Cats These guys get SO hung up on money blah, blah, blah. ARE YOU GUYS HAPPY? If you are reading this, then I guess not.
Jameson 12/4/2012 | 9:06:57 PM
re: 2002 Top Ten: Fat Cats F**K them all
Sorry nor very PC but emotional from Ireland
BuckStopsHere 12/4/2012 | 9:06:55 PM
re: 2002 Top Ten: Fat Cats First, I want to thank Belzebutt for being the first person in a while to take a look at the bigger picture here. What has happened in regards to the telecom "elite" is not a new idea. It is exactly what ALL of the critics of our capitalist system are complaining about. The rich get richer at the expense of the poor getting poorer. It happened in the railroad industry in the early 1900's with Rockefeller, Vanderbilt, Flagler, etc. It also happened before that, and it will continue to happen again in the future. As George Orwell so elequently explained to us in "1984", it is simply human nature. The difference, though, is that in a capitalist society, we can do something about it. Anybody reading these posts has just as much of an opportunity to get to the top of this system as anyone else. These guys were not born into these positions like princes, and they were not nominated by the party like czars.
So, let me explain what George Orwell has predicted will happen next. Amongst the masses that have been basically screwed by the elite, there will be a few people smart enough, motivated enough, and pissed off enough to do something about it. They won't be spending their time writing message after message about how mad they are. They will, in fact, get MBA's, execute their strategies, and become the 'new elite'. The question is, once tempted with the same opportunity for infinite riches, what decisions will they make. Will they remember what is was like to be the guy at the bottom and spread the wealth accordingly, or will they become exactly what spawned the hate that inspired them to get there in the first place.
My point (and I think the Mr. Heywood's) is this: Maybe we stop complaining amongst ourselves about other people getting rich at our expense and do something about it. Remember, while we sit here reading messages and cheering amongst ourselves about how evil the elite are, we are still the poor masses and they are still the rich elite. Take pride in the fact that the system you participate in affords you the opportunity to do something about it. We are not Egyptian slaves or Siberian peasants. LET'S STOP COMPLAINING, GET OFF OUR BUTTS, AND MAKE SOMETHING HAPPEN!! If any teenager can manage Lucent better than the people who were there, why weren't you there doing it instead of them? I, in fact, feel that my experience has prepared me to do a better job than those responsible for the bubble, and I am working very hard to prove it by forging my own way. What are YOU doing other than looking at the guy next to you and agreeing that the system sucks?
big daddy 12/4/2012 | 9:06:55 PM
re: 2002 Top Ten: Fat Cats Or, as Rowdy Burns said in "Days of Thunder":

"Now go get your own car and we'll see how you do in a crowd. "
Belzebutt 12/4/2012 | 9:06:55 PM
re: 2002 Top Ten: Fat Cats I agree.

What needs to be done about it?

Well, you guys are doing your part by keeping talking about it. PLEASE continue to do so as long as these sons of bitches continue to rape our companies.

I'm not really sure what we the little people and employees can do. When you read this stuff you realize how little power us people really have in our so-called democracies. That's capitalism for you, the rich get richer and the poor get poorer. Maybe the best you can do is get an MBA and try to join the club, if you can't fight 'em...

At least today the poor can afford food, shelter and consumer electronics, it beats working in mines 18 hours a day, if that's any consolation. But the wealth inequality is probably the same as in those old days.
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