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Apr 11, 2009
I didn't know Dogbert was the CEO of ING.
 
 
Feb 27, 2009
I'm kinda bummed about this one. I mean, after 2-25-09's strip I figured perhaps Dogbert would lead a fictional coup d'état of heads of industry over the 535 tyrants in our congress. Instead, he capitulated. Oh well...
 
 
+9 Rank Up Rank Down
Feb 26, 2009
Ah, I can tell the comments below were made by an engineer because:

1) You maths is exactly right - well done!!
2) You completly miss the point.


Stock market analysts expressed "horror" at the pay rises. "It is impossible to justify pay increases of this magnitude," Sven Restel of share analysts Wise Owl said. "The share price has plunged by about 90 per cent from its high and the dividends have been cut, so shareholders are being wiped out. Now nearly 2000 workers have been sacked. "The only people who are benefiting are the board."

Another expert has predicted that the company's value will fall to zero in the next year as the result of a customer backlash.


1) This company gets $17 million from the Federal (Australian) government.
2) Ups it bonuse by some $7 million.
3) Sacks 1800 people.
4) sent the share price to the gutter.

So although your maths is right - look at the MORALITY of it.
Get someone to explain it using small words.



Oh and BTW, I am an engineer to - dealing with Elbownian subcontractors right now.


and lets not start a blog war - I'm off in about an hour to enjoy the long weekend . . .




""Here in Aus a large firm has just sacked some 1800 people and pay themselves large bonuse." "paying ex-CEO "Fred the Shred" a lifetime pension of 650k sterling per annum"

1800 people... if each makes 65k/year, that 650k/year bonus is 10 employees. We have this argument about i.e. Ford a lot, where workers make $29/hr (thanks to unions), which is 60k/year. There's always the argument about how "the executives are all taking multi-million dollar bonuses, that could be used to raise everyone's salary!" and when I divide out their bonuses it winds up raising their salaries by 29 cents a year or something ridiculously small."
 
 
Feb 26, 2009
"Here in Aus a large firm has just sacked some 1800 people and pay themselves large bonuse." "paying ex-CEO "Fred the Shred" a lifetime pension of 650k sterling per annum"

1800 people... if each makes 65k/year, that 650k/year bonus is 10 employees. We have this argument about i.e. Ford a lot, where workers make $29/hr (thanks to unions), which is 60k/year. There's always the argument about how "the executives are all taking multi-million dollar bonuses, that could be used to raise everyone's salary!" and when I divide out their bonuses it winds up raising their salaries by 29 cents a year or something ridiculously small.

Effective executives tend to waive their bonuses and (gasp) take bonuses in STOCK so they have a strong interest in actually running the company well. Some executives are hired on when a company flops specifically to deploy a giant parachute and make sure they hit the ground soft enough for the shareholders to bail out and the employees to get laid off with small severance packages instead of sent out with the doors shutting behind them.

What people don't understand most of the time is, yes, ineffective executives run companies horribly ineffectively. These people ultimately control how many employees you can have, how fast the company grows, and how much the company can afford to pay its employees; they have a very, very complex and high-stress job and control the lives of thousands or even hundreds of thousands of people sometimes through their success and failure. Their pay might amount to passing the hat around the WHOLE COMPANY and collecting anywhere from a few pennies a year to a hundred bucks from each person; when this comes out to be $100 x 60k employees for an executive ($6 million per year salaries!), I think you can STFU and be glad you 1) have a job; and 2) make 50k/year or more.
 
 
+2 Rank Up Rank Down
Feb 26, 2009
@leevclark - thanks a lot for your response.
 
 
 
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