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Expose on Insider Loans

Posted by ryuzaki0 on from the still-waiting-for-slashdot-to-loan-me-ten-million dept.

Ctimes2 writes "Everyone's been grousing a lot lately about high priced CEO's and compensation packages, in no small part due to the 'Enron incident'. Business2.0 has a lengthy but enjoyable feature about how corporate loans became 'compensation packages', forgivable, sometimes tax free the and norm for corporations. And Slashdot's favorite whipping boy Microsoft, while not leading the pack, certainly isn't the poster child for trustworthy finance. More importantly (or rather, to our eternal annoyance), the article provides some much needed information trolls can add to their 'CEO's are bad!' rants: "Insider lending added thrust to the long surge in executive pay that has pushed the average major-company CEO's compensation from 45 times that of the average worker in the early 1970s to about 500 times worker pay today.""

2 of 315 comments (clear)

  1. Story about a total jag CEO by Anonymous Coward · · Score: 5, Funny

    A new company, feeling it was time for a shake-up, hires a new CEO. This new boss is determined to rid he company of all slackers. On a tour of the facilities, the CEO notices a guy leaning on a wall. The room is full of workers and he thinks this is his chance to show everyone he means business!

    The CEO, walks up the guy and asks - "and how much money do you make a week?"

    Undaunted, the young fellow looks at him and replies, "I make $200.00 a week. Why?"

    The CEO then hands the guy $200 in cash and screams - "here's a week's pay, now GET OUT and don't come back!" Feeling pretty good about his first firing, the CEO looks around the room and asks - "does anyone want to tell me what that slacker did here?"

    With a sheepish grin, one of the other workers mutters - "That was the Pizza delivery guy".

    _______________________________________________

    printed from fullofjokes

    hehe - have a laugh folks, people take this shiat way too seriously. The firm foundation theory is now in full swing! :0

  2. But by Junky191 · · Score: 5, Funny

    "the average major-company CEO's compensation from 45 times that of the average worker in the early 1970s to about 500 times worker pay today"

    But they are the main figureheads responsible for the astounding progress of our economy- they increase productivity, inspire workers, and set a shining example of moral clarity for all.

    Oh wait...