P*********0
发帖数: 4321 | 1 和美国总统一样。其他的收入都和股票挂钩，并且四年以后才能兑现。
解散董事会，这些狗屎从来不干好事。
设股东常务理事会。按股份多少分配理事名额。选个鸟人当CEO, 尼玛自吞苦果。哈哈。
CEO干好了，股民收益了，CEO会拿可观收入。
股民赔了，CEO必须跟着赔。
SEVERANCE赔偿一定要废除。不能让投机者空手套白狼。 | P*********0
发帖数: 4321 | 2 上市公司成为美国肥猫空手套白狼的机制。
Pay for Performance?
According to Business Week, the average CEO of a major corporation made 42
times the average hourly worker's pay in 1980. By 1990 that had almost
doubled to 85 times. In 2000, the average CEO salary reached an unbelievable
531 times that of the average hourly worker.
尼玛这难道是公平? 这是how capitalism is supposed to work (exploiting hard
working people to bare bones?）？
老秃贼格林斯潘在国会听证时沉痛地说过：我以为自由市场经济能够自我修正，看来我
错了。
指望贪婪能遏制自己是不可能的。 | a*********a
发帖数: 3656 | 3 you shall be very happy to know that the reality is even better than your
proposal: CEO compensation is already largely in stocks, therefore directly
linked to performance; the shares are already vested over several years; on
top of that, if performance is bad, you can even take their shares back.
For example, Goldman Sachs CEO Blankfein received 10M in bonus for 2011, 3M
in cash, 7M restricted shares. The shares are vested in 3 years, meaning, he
can not sell one single of those shares till 2014.
for 2010, Blankfein recieved 9M in shares, no cash bonus. those shares were
valued at $154.16 so he got about 58000 GS shares. GS is worth about $105/
share today, so Blankfein's 2010 compensation is effectively reduced to
about $6M. If he is responsible for major mishap at GS, the company can take
back some of those 58000 shares, further reduce his compensation.
His 2006 bonus worths now less than half when awarded.
哈。
【在 P*********0 的大作中提到】
: 和美国总统一样。其他的收入都和股票挂钩，并且四年以后才能兑现。
: 解散董事会，这些狗屎从来不干好事。
: 设股东常务理事会。按股份多少分配理事名额。选个鸟人当CEO, 尼玛自吞苦果。哈哈。
: CEO干好了，股民收益了，CEO会拿可观收入。
: 股民赔了，CEO必须跟着赔。
: SEVERANCE赔偿一定要废除。不能让投机者空手套白狼。
| P*********0
发帖数: 4321 | 4 Not enough. Bonus shouldnt have any cash in it, since it's on top of salary.
Is he taking $1 salary?
I guess not.
directly
on
3M
★ 发自iPhone App: ChineseWeb 7.3
【在 a*********a 的大作中提到】
: you shall be very happy to know that the reality is even better than your
: proposal: CEO compensation is already largely in stocks, therefore directly
: linked to performance; the shares are already vested over several years; on
: top of that, if performance is bad, you can even take their shares back.
: For example, Goldman Sachs CEO Blankfein received 10M in bonus for 2011, 3M
: in cash, 7M restricted shares. The shares are vested in 3 years, meaning, he
: can not sell one single of those shares till 2014.
: for 2010, Blankfein recieved 9M in shares, no cash bonus. those shares were
: valued at $154.16 so he got about 58000 GS shares. GS is worth about $105/
: share today, so Blankfein's 2010 compensation is effectively reduced to
| a*********a
发帖数: 3656 | 5 boy, you don't understand corporate compensation do you?
no body cares about what s base what s bonus, all it matters is "total comp"
for the year and how much cash/how much bonus.
no cash in bonus? no problem, base will be raised to the level of previous
base+cash bonus.
the employee is a winner in such case, less uncertainty in income. the
company is a looser, higher fixed cost, less discretion.
in Blankfein's example, instead of the 2M base, 3M cash bonus he got in 2011
, he would have received 5M base + pure stock bonus under your proposal here
. He d be very happy if you were on the board.
salary.
【在 P*********0 的大作中提到】
: Not enough. Bonus shouldnt have any cash in it, since it's on top of salary.
: Is he taking $1 salary?
: I guess not.
:
: directly
: on
: 3M
: ★ 发自iPhone App: ChineseWeb 7.3
| P*********0
发帖数: 4321 | 6 You didn't get my point at all.
Cap in cash. No severance pay.
Other compensation is through stock option. He would pay at some discounted
price to buy the stocks.
And he won't be able to sell in 4 years.
The point is, he will only cash in if the stock values raises in long term.
directly
on
3M
★ 发自iPhone App: ChineseWeb 7.3
【在 a*********a 的大作中提到】
: boy, you don't understand corporate compensation do you?
: no body cares about what s base what s bonus, all it matters is "total comp"
: for the year and how much cash/how much bonus.
: no cash in bonus? no problem, base will be raised to the level of previous
: base+cash bonus.
: the employee is a winner in such case, less uncertainty in income. the
: company is a looser, higher fixed cost, less discretion.
: in Blankfein's example, instead of the 2M base, 3M cash bonus he got in 2011
: , he would have received 5M base + pure stock bonus under your proposal here
: . He d be very happy if you were on the board.
| J***M
发帖数: 254 | 7 It's a decision that should be made by shareholders, not the regulators. | P*********0
发帖数: 4321 | 8 Wrong again. That's why you are robbed. The history tells different story.
The board in theory is supposed to scrutinize the CEO, but they never did.
Exploitation and abuse of sahreholders' are crimes, and they need to be
regulated.
★ 发自iPhone App: ChineseWeb 7.3
【在 J***M 的大作中提到】
: It's a decision that should be made by shareholders, not the regulators.
| B******e
发帖数: 16928 | 9 Let me tell you one thing. If you act like this, no talented people would
like to become CEO and everybody is worse off because there is no well-
managed firm because talented people can succeed in a lot of areas. CEO
profession has one of the highest turnover rates and is thus highly risky.
Unless you shareholders who can diversify, CEO's wealth is pretty much tied
up to his/her own company. Therefore,you need high compensation to
compensate for all those risk.
哈。
【在 P*********0 的大作中提到】
: 和美国总统一样。其他的收入都和股票挂钩，并且四年以后才能兑现。
: 解散董事会，这些狗屎从来不干好事。
: 设股东常务理事会。按股份多少分配理事名额。选个鸟人当CEO, 尼玛自吞苦果。哈哈。
: CEO干好了，股民收益了，CEO会拿可观收入。
: 股民赔了，CEO必须跟着赔。
: SEVERANCE赔偿一定要废除。不能让投机者空手套白狼。
| P*********0
发帖数: 4321 | 10 Fat cat's addiction in gambling with other people's money, and you call it
talent?
tied
★ 发自iPhone App: ChineseWeb 7.3
【在 B******e 的大作中提到】
: Let me tell you one thing. If you act like this, no talented people would
: like to become CEO and everybody is worse off because there is no well-
: managed firm because talented people can succeed in a lot of areas. CEO
: profession has one of the highest turnover rates and is thus highly risky.
: Unless you shareholders who can diversify, CEO's wealth is pretty much tied
: up to his/her own company. Therefore,you need high compensation to
: compensate for all those risk.
:
: 哈。
| J***M
发帖数: 254 | 11 The board did not always perform their duties very well. That's why there
should be more shareholder activism or reforms. However, how can a
government tell what a private enterprise what to do? Who is going to judge
if a CEO gets too much or too little? What you suggest is completely
impractical and will only serve to drive talented people away.
There are many CEOs who do not deserve the pay. But there are many who
deserve much more (look no further than Mr. Jobs). The decision should be
made by shareholders.
The government's role in this is to ensure a fair and competitive business
environment by enforcing laws. Meddling with internal business affairs is
not a good idea.
【在 P*********0 的大作中提到】
: Wrong again. That's why you are robbed. The history tells different story.
: The board in theory is supposed to scrutinize the CEO, but they never did.
: Exploitation and abuse of sahreholders' are crimes, and they need to be
: regulated.
:
: ★ 发自iPhone App: ChineseWeb 7.3
| P*********0
发帖数: 4321 | 12 Once you go public, you are no
longer private. Stock holders interests need to be protected. Impractical?
How practical was it for CEO to grab what they have now 20 years ago?
judge
★ 发自iPhone App: ChineseWeb 7.3
【在 J***M 的大作中提到】
: The board did not always perform their duties very well. That's why there
: should be more shareholder activism or reforms. However, how can a
: government tell what a private enterprise what to do? Who is going to judge
: if a CEO gets too much or too little? What you suggest is completely
: impractical and will only serve to drive talented people away.
: There are many CEOs who do not deserve the pay. But there are many who
: deserve much more (look no further than Mr. Jobs). The decision should be
: made by shareholders.
: The government's role in this is to ensure a fair and competitive business
: environment by enforcing laws. Meddling with internal business affairs is
| J***M
发帖数: 254 | 13 It's a public company traded on stock exchanges but its' owned by private (
certainly not the government).
There are boundaries to government's power: it should serve as a referee in
a match and let free enterprises compete. The moment it becomes a player,
the system stops working.
The reason that CEO get paid more relatively than 20 years ago is the
globalization... cheap labor became even cheaper... that's the economic
reality we live in now. There might be ways to address that, but capping the
compensation is one of the worst ways to do that.
I will again use the late Steve Jobs as an example... I personally have no
problem if he got paid 5 billion dollars a year because he created much more
value for the shareholders in the end and should be rewarded accordingly | a*********a
发帖数: 3656 | 14 What did I not understand? By making CEO's base salary 5M and give all stock
bonus, his cash pay is capped at 5M. All remaining compensation is linked
to the future performance of the firm. These fit exactly what you described.
Plus when restricted shares are awarded they are valued at FULL market price
, no discount at all. For example, when GS awarded stocks for 2006 year end
bonus, those shares were valued at $220. do not vest in 3 years. go look
what they worth now? On top of that, when one leaves the company, one
forfeit all unvested stocks bonus.
All these are industry standard practice. Especially in banking industry.
Already above and beyond what you ask for.
Plus, I think you are very confused regarding the meaning of public and
private in different context.
public companies
private companies
public sector
private sector
you sure you know what all these mean?
discounted
【在 P*********0 的大作中提到】
: You didn't get my point at all.
: Cap in cash. No severance pay.
: Other compensation is through stock option. He would pay at some discounted
: price to buy the stocks.
: And he won't be able to sell in 4 years.
: The point is, he will only cash in if the stock values raises in long term.
:
: directly
: on
: 3M
|
|
