How do you get to be a CEO, must be like winning the lottery!

[bettilimbroke999]

http://news.yahoo.com/s/ap/20081006/ap_on_bi_ge/meltdown_lehman;_ylt=AgRVnwV_S1an_sqLmzaUW3Nv24cA

You run a company into the ground and when someone suggests perhaps the execs that are asking the govt to bailout their company shouldn't receive a billion in bonuses at the same time they are requesting billions from the government to keep them from going under the execs reply "I don't know what's in the water your drinking".

I mean this idiot who sank Lehman Bros made 400 million over the last 8 years and is concerned about not receiving his year-end bonus this year b/c the company is bankrupt, what a fukin joke, no wonder all the companies are going under, the CEO is just sitting in his office collecting his lottery winnings and could care less how the company is doing, THEN expects the government to bail the company out

[durito]

Hard work?

Intelligence?

[Willie Bee]

The fact that a no-bonus clause for all execs at any outfit getting part of this money until ALL MONEY IS REPAID WITH INTEREST, how that wasn't made part of the bailout and how any member of the house or senate can tell you that it shouldn't have been, well I hope they all contract some disease that leads to a low, linger and painful death.

[bettilimbroke999]

Hard work?

Intelligence?

Yea, just like how you become president right , get real

Try who you're connected to

You must think we've got Albert Einstein in the White House and Palin is Isaac Newton

[bettilimbroke999]

The fact that a no-bonus clause for all execs at any outfit getting part of this money until ALL MONEY IS REPAID WITH INTEREST, how that wasn't made part of the bailout and how any member of the house or senate can tell you that it shouldn't have been, well I hope they all contract some disease that leads to a low, linger and painful death.

There is no accountability by the execs of these companies, they really are basically charging the government billions of dollars for the effort they put in begging for a bailout the last year, unfukinbelievable, just wish my last name was Bush so I could cash in on this trend

[durito]

I'm not sure what politics has to do with this. You said CEO not President. Which is also not entirely true, it is for Bush, but Obama is going to become President without growing up with connections.


The great thing about the US is if you are willing to work hard and you are intelligent you can do very well in life.


All the excesses aside, the people that worked at Lehman Brothers (and in that industry) work HARD.

I have a friend that went to work their in New York after college and I called him one saturday night about 11pm to see what he was doing. He was still in the office.

[pico]

if you know a lot of rich people, then you'll be the ceo. as i said before, ceo is the golden whore who can bring in the most money by any means neccessary.

[bettilimbroke999]

So you're saying if you work hard and are very intelligent you will lose your company a hundred billion dollars?

In that case we need more guys like donjuan as CEO's, with retards like him at the helm we'd have a nation full of Microsofts

The fact is working hard and being intelligent doesn't insure your success, you're kinda reading out of a kindergarten book about Abe Lincoln or something not sure where you get that from, fact is no matter how hard you work at a family grocery store if you're across the street from a Wal-Mart Supercenter with the laziest management in the world you are still going to go broke, an intelligent person will be able to properly identify risks and rewards of investments and when coupled with hardwork will hopefully be able to prevent his company tanking BUTTTT if after all that intelligence and hard work he is unable to prevent the company from tanking THEN HE SURE AS HELL DOESN'T GET A 100 MILLION DOLLAR BONUS WHILE BEGGING THE GOVERNMENT TO BAIL HIS COMPANY OUT, he gets a pat on the back for nice try and kicked out into the street b/c he failed

[durito]

In that case we need more guys like donjuan as CEO's, with retards like him at the helm we'd have a nation full of Microsofts

It's pretty much just like sports betting. You think it's impossible to win at and that all your loses are fixed. When really that's just not true. It's the attitude "if I can't do something, then it can't be done (or you have to be lucky or connected)". Just because you lack the drive or intelligence to do something doesn't mean other don't.

I don't know what you are doing today, but I've been sitting at my desk working/studying since 6am and I'll be here until probably midnight.

[bettilimbroke999]

Read NFL picks thread, 50% agree and 50% disagree b/c it's that fukin up in the air, if you explain to me what you do that makes you such a fukin pro then I will admit you have an edge over the bookie, otherwise the vig will eat you at NFL/MLB just like it does the rest of us, I personally feel after 6 years of sports gambling that college sports are the only bets that present any real value in sports gambling

[picantel]

Waxman released e-mail correspondence from June 2008 in which Fuld dismissed the suggestion from executives at a Lehman subsidiary that the company's top people forgo bonuses to "send a strong message to both employees and investors that management is not shirking accountability for recent performance."

The suggestion came from executives at Lehman's money management subsidiary, Neuberger Berman, who also were recommending that Lehman spin off its business to insulate its employees - and their bonuses - from Lehman's sagging stock price and from "management mistakes."

George H. Walker, President Bush's cousin and a member of Lehman's executive committee, breezily shot down the ideas, according to the e-mails.

[slacker00]

CEO is probably like any other job, except it's at the very top of the food chain.

You think about "regular" jobs, it's who you know. Probably the same for CEO. I mean, at the local factory here, if you know someone, sometimes that can help you get a job. They know when they're hiring, what they're looking for (someone who shows up reliably and ready to work), etc. Not to mention any little things that might help, maybe knowing a manager or two doesn't hurt. Same with the CEO, except the politics are probably a lot more sophisticated.

For a CEO job, I suppose you also need education and experience. I doubt many CEOs jump right into leading a fortunte 500 company. Most probably start at mid-management positions or managing smaller companies, working their way up. There's always a vaccuum at the top of management for people with drive, determination, skill, and any other "it" factor.

Then again, I've never been a CEO, so it's mostly bs conjecture on my part. I'm sure a lot of nepotism is involved.

[purecarnagge]

let me piss a billion dollar company down the drain, but I want my 425 million...and I want my buddies who helped me get there 30 mill...

[donjuan]

While the reward structure for the CEOs of many of these companies is pretty poorly conceived, Bettilimbroke continually amazes me with his ability to be so ignorant on such a wide variety of topics.