Still working on today's first cup of coffee so forgive the mental lapses, but...
-Not buying the CEO/quarterback analogy.
Quarterbacks (and any sports star for that matter) typically have a very small time window in which to perfect their talent before injury or inevitable physical decline renders them unsuitable for duty.
As fond as business is of sports metaphors, it's unlikely that Jack Welch ever faced the possibility of leaving a board meeting on a stretcher, his knee/shoulder/neck permanently mangled.
Furthermore, Mr. Welch
could effectively perform his duties from a wheelchair while Tom Brady could not.
Originally Posted by
Walter Williams
You say, "Williams, what about those golden parachutes for failing CEOs?" Paying a failed CEO, or a spouse in the case of marriage, enough money to go away quietly might be much cheaper than litigation.
This seems like an awfully tepid justification for an egregious situation.
"Might be"?
It "might be" easier to throw up our hands when someone is murdered because dammit, it's
hard to track down a killer, but that's not what happens, is it?
Why should a corporation "quietly" accept the double-fuck of the golden parachute for the failed executive...fucked once when he proves incompetent and fucked again by having to extravagantly reward him to leave?
Yeah, I get that corporations are loathe to admit failure- "Boy, what were we thinking when we hired that bozo?"- but on the other hand, why would the "bozo in question" be any more anxious to air
his failures in public?
Of course, this entire discussion would be moot if businesses would simply wise up and tie executive pay to performance.
If the company does well then fine, rain riches upon he who made it happen.
If the company tanks, then run him out of town on a rail and make sure everyone knows about it.
At this year's CES, Sony took the (almost) unprecedented step of apologizing for their missteps in customer service the past few years.
They essentially took the same advice that Dr. Phil insipidly doles out every day to regular folk- Sony "owned" their mistakes and promised to do better.
And guess what?
Critics showered them in praise.
Oh, the love.
So, corporations
can admit mistakes and survive.
There's no reason to roll over and play dead just to extricate a failed executive.
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