Interesting response to CEO's saying vote for Romney or else

[TrogL]

http://www.huffingtonpost.com/2012/10/27/october-surprise-2012-speculatron_n_2026402.html?utm_hp_ref=politics

(a bit before 1/2 way down the page)

f your boss tells you that the company you work for is not stable enough to survive an election, then the company you work for is not stable enough to survive stress of any kind. Successful CEOs say, "Come what may, this organization is prepared to adapt and pursue growth and profit." The CEOs that tell you otherwise are not particularly good at their jobs. And the more pressing problem is that the letter you got, urging you to vote in a certain way or you will lose your job, is your canary in a coal mine, telling you that there is some other fatal dysfunction happening at your workplace that's liable to put you out of work anyway.

It's a real tough economy to be switching jobs, but if you have been the recipient of one of these emails, you should nevertheless do what you can to extricate yourself from what is likely going to end badly. Get to know your company's competitors, and if they've not sent similar company-wide emails, consider making a move to a more stable environment, before you have to compete with all your current coworkers.

[freshwest]

1. Good way to stop the spin from the GOP/Koch brothers machine. Thanks for the sanity.

[Scootaloo]

2. CEO is a transitory position; they don't give a shit

Come in, get paid. Tank the company, still get paid, move on to the next one. They have no attatchment to the company, its poduct, its labor force, nothing, they're just a paid tenant until something better comes along for them.

[7wo7rees]

6. Link to The Corporation. Thanks. n/t

http://www.hulu.com/watch/118169#play-queue

[exboyfil]

9. Depends on the company

We grow our talent from within our company, and while we have problems I greatly admire our CEO.

[Scootaloo]

10. Spare the pedantry

Of course there are exceptions. I'm not going to spend the time qualifying every sdamn statement i make in preparation for the one giy who is going to stand up, adjust his horn-rims and launch into something that starts with "Actually...."

I'll bet your CEO doesn't try to browbeat you into voting for Romney, either.

[exboyfil]

11. You make a broad brushed statement

about CEOs. I mention that my CEO is a long serving one as an example of the fact that it is not necessarily the case that CEOs are transient positions.

So lets check some facts. From a 2005 study
http://www.google.com/url?sa=t&rct=j&q=fotune%20500%20ceos%20lengt%20of%20service&source=web&cd=1&ved=0CCIQFjAA&url=http%3A%2F%2Fjournals.cluteonline.com%2Findex.php%2FJBER%2Farticle%2Fdownload%2F694%2F680&ei=BxiNUIqnJeG3yQGSkoCYAg&usg=AFQjCNGr98aSTi9Bc_c76cOTD-5cl4coWQ

CEOs from within the company serve an averarge of 6.3 years. Those from outside the company serve 7.2 years. 80% of the CEOs were 50 or over. 71% were hired from inside the company.

Now 7 years is a pretty good run on a job. Most jobs and positions in the professional/management ranks do not last that long. The CEO position is the most demanding job in a company. It is the only job were you report to a group of people as opposed to a single person. These people are not part of the company, and they have high expectations. It is a capstone to a career in service for most individuals.

No doubt we have many issues with corporations in this country, and the desire to hire an external "all star" to run a company is one of the most objectionable parts of how these corporations are run. Another study shows that internal CEOs have 25% better performance - I believe it http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1501024

Hiring CEOs from outside your industry (or a closely allied one) is probably one of the worst things that you can do. Thinking that making corn flakes, lending money, or making cars requires the same skill set is insane. Even overcoming the lack of industrial understanding, the management techniques in these companies can be entirely different.


You are right about my CEO being smart enough not to browbeat me. I have no idea who he is voting for. Most of my coworkers (maybe even all) in my department are voting for Romney (many are wired directly into Fox). Fortunately they are good engineers and managers even with their deluded thinking, and I enjoy working with them so long as politics does not come up.

[yurbud]

16. however long they stay, their compensation should be tied to the performance of the company long

after they are gone.

That might give them an incentive to do something other than play three card monte and cook the books.

[Voice for Peace]

3. kick

[JackN415]

4. May I pimp my open lett to those CEO...

Memo to CEO who may shut down your business if Obama wins...

http://www.democraticunderground.com/10021644626

[Aviation Pro]

5. ^^^This

...and one more thing, if a CEO stands up in front of his employees and says ^^^this he is a spineless, fucking coward and please let me know where the business is located and what type it is.

I will bring my partnership in, take his employees and wipe his little enterprise off the face of the Earth.

No more weakling CEOs.

[Cha]

7. I like this..very good point. Thanks TrogL

[TrogL]

15. y/w - please spread it around

[renate]

8. I love love love love love this

And I hate these douches who are so stupid-drunk with their power over the lives of others that they can tell their employees how to vote and still sleep at night.

[bemildred]

12. Telling CEOs to pay more taxes is like telling deliquent parents to pay their child support. nt

[Quantess]

13. No shit!

Call their bluff.

[Mz Pip]

14. It's survived the last 4 years

And now they have their knickers in a twist?

[yurbud]

17. LETTER TO CEO's: Your job has been outsourced to India

http://professorsmartass.blogspot.com/2008/11/all-aig-execs-fired-jobs-outsourced-to.html

[Cha]

18. KICK!

[jsr]

19. Excellent