Semi-Official I'm Thread XXIX
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Joined: May 2001
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From: Nowhere
Originally Posted by SPLNDID,Jun 29 2006, 07:12 PM
I'm having to adjust. I was laid-off today.
I'm also thinking that corporate American executives are a band of greedy fvcks. How the hell can any middle-class, educated American compete with rising third-world "talent"? This is no competition... it is downright greed and disregard.
I'm pissed that your next cell phone will be manufactured in China by sweatshops and that they'll be designed in India by people willing to work sick hours and be paid 10k.
I'm really not very happy right now with corporate America.
I'm concerned that with almost all corporate executives primarily being compensated through stock, that the greed will continue until we are routed out.
I'm also thinking that corporate American executives are a band of greedy fvcks. How the hell can any middle-class, educated American compete with rising third-world "talent"? This is no competition... it is downright greed and disregard.
I'm pissed that your next cell phone will be manufactured in China by sweatshops and that they'll be designed in India by people willing to work sick hours and be paid 10k.
I'm really not very happy right now with corporate America.
I'm concerned that with almost all corporate executives primarily being compensated through stock, that the greed will continue until we are routed out.
I've always felt that Wall Street was a driving factor in the collapse of the middle class American. Decades past, a company that consistently showed profits year after year would have executives held in high esteem, who were accordingly compensated. Today's executives have been trained in the stock option era, and Wall Street no longer acknowledges steady profits. Companies need to show ridiculous profit levels or consistently exceed market expectations for earnings to not have their shares (and thus their executives' compensation) tank, so rather than managing a company for long term strength and revenue, they manage the company quarter to quarter to ensure meeting targets, with no regard to product or people. Outsourcing and offshoring sometimes takes years before the damage is realized, by which time executives are long gone (enjoying their stock options) anyway.
