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re: This is whats wrong with corporations these days
Posted on 1/15/26 at 7:19 am to rob0710
Posted on 1/15/26 at 7:19 am to rob0710
quote:
Almost like there is a group of elitist that run the world and all the major institutions.
These elitists are usually just called "billionaires".
Their plan is simple. Pay for all the politicians. Spend generously on ad campaigns to get the people who make 100k to blame those that make 50k and so on.
Have politicians solve these problems in ways that increase their profits.
0
Posted on 1/15/26 at 7:19 am to baldona
quote:
If O&G people are working 2-3x as hard now, why were they only putting in 30-50% effort in the first place? Because they certainly can’t do more than 100% effort.
Think of this scenario of a Production Engineer. Larger O&G operator you may be in charge of 200-300 wells with new wells coming online each year. With managing the flowback of new wells, planning and ordering equipment, production operations, well workover procedures/designs, etc. you are pretty involved working well over 40 hours a week.
Now imagine they trim the “fat” off your team and you now handle 2 areas with 400+ wells…. Can get out of hand quickly and you WILL burn out. Especially if not compensated for the MILLIONS of dollars you are bringing into the company.
This post was edited on 1/15/26 at 7:21 am
Posted on 1/15/26 at 7:44 am to kywildcatfanone
quote:
Executive pay is ridiculous compared to employees
I agree. In theory, there should be some type of ratio of executive compensation to median salary, but I have no idea how to execute that in practice.
Posted on 1/15/26 at 7:47 am to baldona
quote:
Because they certainly can’t do more than 100% effort.
We know. That’s why they are leaving in droves.
Posted on 1/15/26 at 7:58 am to baldona
quote:
Just to confirm, are you suggesting good CEO’s spend unnecessarily on being overstaffed with under performers? If O&G people are working 2-3x as hard now, why were they only putting in 30-50% effort in the first place? Because they certainly can’t do more than 100% effort. I love how someone that makes $30 mil a year cuts costs and they are automatically a bad person. A CEO spending more money and hiring extra is not always a good decision for the company either.
Humans are relatively large mammals asked to complete thought intensive tasks; we aren’t worker ants. Just because a human can do something at a particular speed for a few days or weeks doesn’t mean they can do it indefinitely.
But you knew that already.
Posted on 1/15/26 at 8:01 am to FLObserver
"We got McKinsey!"
CEOs before they annihilate their workforce
CEOs before they annihilate their workforce
Posted on 1/15/26 at 8:04 am to FLObserver
What is the percentage of profit in comparison to total revenue?
most of these mega companies are publicly traded. they need to make a profit for investors to invest into the companies stocks. if not there is no capitol to run the business
investors will move their money to a company that makes a higher profit percentage.
most of these mega companies are publicly traded. they need to make a profit for investors to invest into the companies stocks. if not there is no capitol to run the business
investors will move their money to a company that makes a higher profit percentage.
Posted on 1/15/26 at 8:09 am to FLObserver
quote:
the last vestiges of old, bad habits” to disappear as the bank pursues a leaner, more commercially aggressive culture in 2026.
Sounds like some of the DEI folks are in for a rude awakening. The reality is the world gives two fricks about who you are, it cares about what you produce.
Posted on 1/15/26 at 8:11 am to UptownJoeBrown
quote:
”We are a family” is the biggest lie in corporate culture
In my experience, this is a giant red flag. We’re not a family, we’re coworkers.
And corporate culture is absolutely rotten to the core. I’m by no means some “eat the rich” granola munching pink haired socialist but the current structure is out of control. I don’t want the govt getting involved but if these people don’t start making some cultural changes, that’s exactly what’s going to happen.
Posted on 1/15/26 at 8:14 am to FLObserver
Can't wait until money manager cost cutters are all gone. Its not the fact that there needs to be controls around spending, its how the company centers itself around obsessive cost cutting.
This post was edited on 1/15/26 at 8:15 am
Posted on 1/15/26 at 8:16 am to tigeraddict
quote:
What is the percentage of profit in comparison to total revenue? most of these mega companies are publicly traded. they need to make a profit for investors to invest into the companies stocks. if not there is no capitol to run the business
I think the issue is that these people come in, make short term changes that make these companies look good on paper, end up fricking up the company in the medium-long term, get fired, get 10’s of millions in severance, then move on to a new company to do the same thing. None of these CEOs have any sort of vested interest in the company nor do they care.
Posted on 1/15/26 at 8:17 am to kywildcatfanone
quote:
Executive pay is ridiculous compared to employees
Is it though? People overwhelmingly misunderstand how employee pay is determined, as if the U.S. uses a socialist jobs program and somehow all jobs are equal in value. A person is not not paid, the job is paid.
For example, years ago I was talking with a teacher friend, and she was going on and on about how unfair it is that bus drivers aren't paid as much as teachers. Her line of thinking was that they are so important because they get the kids to school safely, yada yada.
Ok sure, bus drivers are important, but let's be honest, anyone with a half functioning brain and a license can do that job. To become a teacher, one must have a bachelor's degree and pass licensing exams, at a minimum. All teachers can drive a bus, too.
Thus the pool of potential bus drivers is huge, and the pool of potential teachers is much, much smaller. It's the same reason doctors are paid exponentially more than nurses, and nurses are paid exponentially more than the janitors. All doctors can clean a bathroom, but virtually zero janitors can perform surgery. Human value does not play into that equation.
How many Americans do you think have the skill set to run a major corporation, much less a bank with a trillion plus? Please reference the "If you can't pay cash for it, you shouldn't buy it" crowd here. CEO's are paid to make money for the company and to make the asset valuable on paper. Period. They are beholden to the board and the shareholders.
Now, SHOULD a person be able make that much more than other employees is a totally different conversation.
Posted on 1/15/26 at 8:20 am to ruzil
quote:
CEO's serve on each others board of directors. They band together and vote for each others compensation packages.
Good luck stopping that.
No different than the U.S. Congress.
"We need to trim the budget and tighten our belts to thwart this sharp rise in inflation rates. Hard times require hard decisions and our constituents need to understand this".
"Next on the agenda is the proposal for a pay raise for all Congressional members and a lifelong health care package at no expense to us".
Posted on 1/15/26 at 8:23 am to BabyTac
I thought you had better places to be.
Posted on 1/15/26 at 8:25 am to HouseMom
quote:
How many Americans do you think have the skill set to run a major corporation, much less a bank with a trillion plus? Please reference the "If you can't pay cash for it, you shouldn't buy it" crowd here. CEO's are paid to make money for the company and to make the asset valuable on paper. Period. They are beholden to the board and the shareholders.
And what about the CEOs that trash a company and still end up in a golden parachute? Having a position doesnt mean you actually execute your role. Some CEOs are hired entirely to just cost cut, others to grow the company, others to liquidate the company.
Posted on 1/15/26 at 8:56 am to tiggerthetooth
I agree with you, but that's the game, isn't it? The average CEO is playing the same game Lane Kiffin is playing, and some in BR act like he's the second coming of Jesus himself. I mean, go talk to Coach O. or Brian Kelly and see if they care if they were fired. Probably not.
This still doesn't negate what I said. There's still a minute pool of people who even understand the complexities of a major bank, much less have the audacity to even consider the job.
This still doesn't negate what I said. There's still a minute pool of people who even understand the complexities of a major bank, much less have the audacity to even consider the job.
Posted on 1/15/26 at 8:57 am to FLObserver
I expected this article to be about Walgreens.
Posted on 1/15/26 at 8:59 am to upgrayedd
quote:
In my experience, this is a giant red flag. We’re not a family, we’re coworkers. And corporate culture is absolutely rotten to the core. I’m by no means some “eat the rich” granola munching pink haired socialist but the current structure is out of control. I don’t want the govt getting involved but if these people don’t start making some cultural changes, that’s exactly what’s going to happen.
As I’ve mentioned before, the problem is that the government is already involved. Corporations, as they currently exist, are legal fictions created by government and, in my opinion, a perversion of the free market. As such, any subsequent regulation of that paradigm is, by definition, less “government involvement” than the creation of the paradigm was to begin with.
Posted on 1/15/26 at 9:15 am to Joshjrn
quote:
Corporations, as they currently exist, are legal fictions created by government and, in my opinion, a perversion of the free market.
The premise of the OP is that CEO's are paid too much relative to the average worker, but isn't this just the free market doing it's thing?
quote:
As such, any subsequent regulation of that paradigm is, by definition, less “government involvement” than the creation of the paradigm was to begin with.
True.
Posted on 1/15/26 at 9:18 am to HouseMom
Whole lot of whining in this thread.
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