CEO-new laws: pay punitive fines if CEO drive corp. into the ground

[KakistocracyHater]

no more getting paid whether he/she has done well by the corp or driven it Toyota-style; IF past CEOs are found to have been instrumental in damaging the business, then punitive fines must be paid by that CEO as well.

Frankly, I still think it's better to outlaw CEO positions altogether, I've seen them get paid WAY too MUCH, no matter what. But.....this is something I hope will suffice for now.

Also, tie the pay of those at the top to the least paid worker& I don't mean the janitor, I mean in that business. I say that only to prevent unrealistic naysayers from sarcastically exclaiming
CEO=janitor?! CEO>janitor! (CEO<{put anything here})

I know janitors are part of a cleaning service, members of my family have & are employed by the very thing.

[LARED]

1. If you outlawed CEO positions, what would you replace it with? nt

[LARED]

2. delete

[dipsydoodle]

3. A word which isn't

a preposition maybe.

[Edweird]

5. If you outlaw CEO's, only CEO's will be outlaws?

:shrug:

You can pry my key to the executive washroom from my cold dead hands.

[KakistocracyHater]

8. I'd use the Board of Directers

I know they have problems as well but I don't like CEOs getting ENORMOUS payouts even when they fail.

[LARED]

12. If the BOD were doing their jobs there would be no big payout

for failures.

[KakistocracyHater]

13. yeah, but it's Human Nature to learn how to get around the rules, it takes

less effort:evilgrin: So throughout history, the rules always have to be upgraded, to prevent the calamity that happens from getting around them. The Boards are incestuous-in that they are stacked with buddies who are not interested in following the rules.

What gets me is that under Republicans it's anything goes-that's NOT good for business, because it backfires, in terrible quality(Toyota, Peanut Corp. Enron, etc); why people feel that Repubs are good for business........it's like 1991 all over again. The same goes with the military-throwing money at the military does NOT mean you're "tough" it means you're an idiot.

[Tesha]

14. Members of boards of directors don't have enough time to directly control a business.

They're usually outsiders and sometimes sit on several or many boards.
Because of this, they invest their trust in the Chief Executive Officer,
Managing Director, Executive Director, or what-have-you to provide
daily execution of the large-scale wishes and general directions provided
by the Board of Directors.

It's not unlike representative government where the CEO or MD is
the elected representative of the Board.

There's nothing wrong with the concept of a "CEO" in general,
but many boards default on providing enough guidance and oversight
of their appointed CEO.

Tesha

[Edweird]

4. Well, if corporations are 'people', and you 'kill' the corporation...

"The P&L's are here, and we've got some bad news"
"By the way, this IS a death penalty state"

[aquart]

6. Would those fines be deducted from the bonuses and golden parachutes?

[KakistocracyHater]

9. that's my wish

*

[Cessna Invesco Palin]

7. This is the stupidest fucking thing I've read in some time.

How do you define "damaging" a business? Making a bad decision? Guess what - CEOs, even good CEOs make bad decisions all the time. Sometimes a business is damaged simply because the market for the business has problems. Is that the CEO's fault? Sometimes yes, sometimes no, but it is rarely clear exactly where the fault lies. It's much easier to look at this stuff with 20/20 hindsight and say "Yeah, that dude fucked up," than it is to actually be the one on the line making the decisions at the time.

Frankly, I still think it's better to outlaw CEO positions altogether, I've seen them get paid WAY too MUCH, no matter what. But.....this is something I hope will suffice for now.

And replace it with what? Ultimately in any hierarchical organizational model there needs to be someone, or a group of someones, who are responsible for the high-level direction of the organization. That's why we have a president. That's why parliamentary democracies have a prime minister or equivalent. The idea that you can just "outlaw CEOs" is totally fucking ridiculous.

Also, tie the pay of those at the top to the least paid worker

No, pay should be tied to company performance.

[KakistocracyHater]

10. I want group of someones & if you like what Enron did & what Toyota is

doing........it's pretty obvious when something is done mailiciously, soley for the "appearance" of doing well.

I think your response is too full of emotions, yet at the end
"No, pay should be tied to company performance."<-----this IS what I want.

With the current Supreme Court ruling......what makes any CEO different than a fiefdom, now? With private security forces, some corps. have bigger coffers than entire nations, bowing to no laws but their own, now backing 'their man' (or woman) for political office.....why not just reintroduce the title of Duke & be done with it?

[Cessna Invesco Palin]

15. People WENT TO JAIL for what Enron did.

Does that mean perfect justice was achieved? No. But there's no "get out of jail free" card for being a CEO or an employee of a corporation.

[KakistocracyHater]

11. also someone here said it better-make a maximum wage, we have a minimum

wage, we need a maximum wage too.