New twist on Home Depot and Lowe's

   / New twist on Home Depot and Lowe's #21  
while i agree with a lot of what you say there cp (including the 'duh'), i know some corporate execs (not at that high level but execs that make a lot of money) and it is a job that requires 100% of your time and effort. it means that you have no other life. you work all the time. they are special people. they are smarter then us. they are driven beyond what the average person is. their phone rings hundreds of times a day.
 
   / New twist on Home Depot and Lowe's #22  
randy41 said:
while i agree with a lot of what you say there cp (including the 'duh'), i know some corporate execs (not at that high level but execs that make a lot of money) and it is a job that requires 100% of your time and effort. it means that you have no other life. you work all the time. they are special people. they are smarter then us. they are driven beyond what the average person is. their phone rings hundreds of times a day.

For a million bucks a year, I'll take all the phone calls you want to send me. Tell me that an exec's life is any more difficult than an MD's. And I know of no MD, not one, who has been paid $210M to quit working.

The only characteristic where they exceed that of 99% of us is greed.
 
   / New twist on Home Depot and Lowe's #23  
It's not so much an issue of difficulty as it is of ability. Every person who fusses about how much money a given CEO is paid has the opportunity to try to convince some company to hire them as CEO. These people are generally where they are because they can do things most people can't, or they have some vision most people don't. This is why [insert occupation here with more than 2,000 people nationwide engaged in it] don't get paid as much....there are way more people who can do it.

Why should anyone have the prerogative to tell someone else how much money they can make? Perhaps someone you haven't yet met thinks you should only make 1/20 of what you make. Should their opinion limit your income? If you don't like what company XYZ pays it's executive(s), buy stock, vote, and change it. You have a "right" in the constitutional sense to complain about what they make, but frankly beyond expressing an opinion it's none of your business unless you own part of the company.
 
   / New twist on Home Depot and Lowe's #24  
The big problem to all of these big box stores is the service after the sale. The larger manufactures are selling to these big box stores to up their numbers and will expect the dealers to handle all the warranty stuff. The big box boys will never understand the concept of service after the sale.


murph
 
   / New twist on Home Depot and Lowe's #25  
LMTC said:
These people are generally where they are because they can do things most people can't, or they have some vision most people don't.
Please list an example. You're selling your fellow man way too short.

This is why [insert occupation here with more than 2,000 people nationwide engaged in it] don't get paid as much....there are way more people who can do it.
I'll go you one better...there are only ~40 Formula 1 drivers in the world...none of them will get paid $210M to leave when they can't cut the mustard any more.

Why should anyone have the prerogative to tell someone else how much money they can make?
Does your employer not do this?

Perhaps someone you haven't yet met thinks you should only make 1/20 of what you make. Should their opinion limit your income? If you don't like what company XYZ pays it's executive(s), buy stock, vote, and change it. You have a "right" in the constitutional sense to complain about what they make, but frankly beyond expressing an opinion it's none of your business unless you own part of the company.
Being a stockholder (albeit, involuntarily in some cases) that is exactly what I'm doing. And this, being an opinion forum, is not the right place to express and opinion? You're entitled to yours--apparently you've bought into the notion that it makes sense to spend shareholder dollars, by the millions, to get rid of an under-performing employee. Excellent board material.
 
   / New twist on Home Depot and Lowe's #26  
cp1969 said:
--apparently you've bought into the notion that it makes sense to spend shareholder dollars, by the millions, to get rid of an under-performing employee. Excellent board material.
It was part of the compensation contract he signed when he was hired, they didn't pay this to get rid of him, they didn't have a choice.
 
   / New twist on Home Depot and Lowe's #28  
cp1969 said:
For a million bucks a year, I'll take all the phone calls you want to send me. Tell me that an exec's life is any more difficult than an MD's. And I know of no MD, not one, who has been paid $210M to quit working.

The only characteristic where they exceed that of 99% of us is greed.

Don't get so upset, it'll be OK! Use all that wasted energy in putting a resume together.
 
   / New twist on Home Depot and Lowe's #29  
MikePA said:
It was part of the compensation contract he signed when he was hired, they didn't pay this to get rid of him, they didn't have a choice.

That's what I'm trying to point out, Mike, is the stupidity of these contracts. Their choice happened when they agreed to the contract in the first place..and it was obviously a flawed decision, no?
 
   / New twist on Home Depot and Lowe's #30  
No CP, NO employer tells me--or anyone--how much money they can make. They tell me how much THEY will pay me, but they can not at all limit how much money I can make. Now whether or not I am capable of finding someone else to pay me that money is another issue...but no one tells me I can only make so much money.

If I'm selling you--or others--short, then by all means GO GET a CEO job paying big $$. Do you think a company hires someone other than you or me on a random basis? There are reasons.

Your statement claiming I've bought into a notion takes leaps and has gaps. My position supporting a company's prerogative to compensate as it deems appropriate, or as agreed upon, is not the same as saying "it makes sense to spend shareholder dollars, by the millions, to get rid of an under-performing employee". You are mixing my support of a principle with what occurred in a specific situation. I can support a principle--such as freedom of speech--without personally agreeing with each use of that principle...such as some of what I've read here. If I get into the business of trying to limit what other people say--no matter how absurd I think what they say may be--then in principle I allow for others to limit what I can say. Now---in all sincerity--does that help clarify my position?
 

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