Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Foo Off-Topic chit chat with no general subject.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 11-28-07, 02:32 PM   #1
tasr
Senior Member
Thread Starter
 
tasr's Avatar
 
Join Date: Jun 2007
Location: Mechanicsburg, PA
Bikes: 2010 Felt B12 w/Shimano Ultegra and ZIPP 808ís, 2007 Scott CR1 Equipe w/Campagnolo Chorus, 2010 Fuji Cross Comp w/Shimano 105/Ultegra, 1991 Kestral 200SC w/Shimano Ultegra
Posts: 149
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Hypothetical Situation

You’re a CEO of a company that employs 2200 people. You make $280,000.00 a year with a annual bonus of $100,000.00 - $150,000.00 and many other perks. The company is going through some tight cost cuts and the morale is very low. Would you donate your annual bonus back to the company?
__________________
James

Last edited by tasr; 11-28-07 at 03:38 PM.
tasr is offline   Reply With Quote
Old 11-28-07, 02:33 PM   #2
squegeeboo
******
 
squegeeboo's Avatar
 
Join Date: Dec 2006
Location: Rochester, NY
Bikes: Specalized Tri-Cross
Posts: 951
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Wait, I wasn't told there was going to be any math.

I would think that if my bonus was negative 50K I would donate it back to the company regardless.
__________________
In the words of Einstein
"And now I think I'll take a bath"
squegeeboo is offline   Reply With Quote
Old 11-28-07, 02:34 PM   #3
jsharr
You Know!? For Kids!
 
jsharr's Avatar
 
Join Date: Apr 2005
Location: Just NW of Richardson Bike Mart
Bikes: '05 Trek 1200 / '90 Trek 8000 / '? Falcon Europa
Posts: 6,157
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Since most people tend to live at or near their salary level, I would venture to say that sadly I would not. However, if I felt like the company's survival was in question, I probably would.

I think most people come to look on bonuses, etc. as part of their salary, not as perk. To most, giving it back would be taking a pretty hefty paycut in their minds.
__________________
Are you a registered member? Why not? Click here to register. It's free and only takes 27 seconds! Help out the forums, abide by our community guidelines.
Quote:
Originally Posted by colorider View Post
Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.
jsharr is offline   Reply With Quote
Old 11-28-07, 02:35 PM   #4
ModoVincere
Riding Heaven's Highways on the grand tour
 
ModoVincere's Avatar
 
Join Date: Aug 2006
Bikes:
Posts: 1,675
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Is this a publicly traded company where the SEC can get involved and the CEO could face jail time?
__________________
1 bronze, 0 silver, 1 gold
ModoVincere is offline   Reply With Quote
Old 11-28-07, 02:36 PM   #5
Pheard
Banned
 
Join Date: Sep 2005
Location: South City, Ca
Bikes:
Posts: 3,348
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I would first learn how to spell situation.

Then contemplate playing around with sums of money more than 10 dollars.
Pheard is offline   Reply With Quote
Old 11-28-07, 02:38 PM   #6
CliftonGK1
Senior Member
 
CliftonGK1's Avatar
 
Join Date: Jul 2006
Location: Columbus, OH
Bikes: '08 Surly Cross-Check, 2011 Redline Conquest Pro, 2012 Spesh FSR Comp EVO, 2015 Trek Domane 6.2 disc
Posts: 11,380
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
The CEO of a company that size is only pulling down a quarter mil? Depending on where the company is based, and the personal lifestyle of the CEO, that might barely cover living expenses. The bonus could be a necessity to him/her.


If it was me? Percentage cuts are percentage cuts, across the board. I've worked for companies where the top brass took the same percentage bonus cut as everyone else did. I'd like to think I could maintain that same level of integrity.
__________________
"I feel like my world was classier before I found cyclocross."
- Mandi M.
CliftonGK1 is offline   Reply With Quote
Old 11-28-07, 02:38 PM   #7
KingTermite 
On my TARDIScycle!
 
KingTermite's Avatar
 
Join Date: Jun 2005
Location: Eastside Seattlite Termite Mound
Bikes: Trek 520, Trek Navigator 300, Peugeot Versailles PE10DE
Posts: 3,924
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Pheard View Post
I would first learn how to spell situation.

Then contemplate playing around with sums of money more than 10 dollars.
Do you think a $200,000+ CEO would know how to spell it properly?
__________________
Quote:
Originally Posted by coffeecake View Post
- it's pretty well established that Hitler was an *******.
KingTermite is offline   Reply With Quote
Old 11-28-07, 02:40 PM   #8
trsidn 
Meadow Party Member
 
trsidn's Avatar
 
Join Date: Jul 2007
Location: Putting the 'fun' in dysfunctional
Bikes: Cannondale CAAD8, Trek SU200
Posts: 279
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 35 Post(s)
Are the company problems the result of the CEO actions/inaction? If so, probably not, since I'll soon be fired anyway.

Is it just the economy and industry conditions? Again, probably not, I'll still get fired.

But the board should certainly make adjustments to the bonus structure.
__________________
Quote:
Originally Posted by ElJamoquio View Post
.... Other than being completely wrong, you're correct.
trsidn is offline   Reply With Quote
Old 11-28-07, 02:41 PM   #9
late
Senior Member
 
late's Avatar
 
Join Date: Oct 2002
Location: Southern Maine
Bikes:
Posts: 8,377
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 17 Post(s)
You have the company take out a massive loan and buy back as much stock as you
can to drive up the price. You then sell all your stock, and exercise your golden parachute option when the company tanks.

Read recently that that had become popular.
late is offline   Reply With Quote
Old 11-28-07, 02:50 PM   #10
tasr
Senior Member
Thread Starter
 
tasr's Avatar
 
Join Date: Jun 2007
Location: Mechanicsburg, PA
Bikes: 2010 Felt B12 w/Shimano Ultegra and ZIPP 808ís, 2007 Scott CR1 Equipe w/Campagnolo Chorus, 2010 Fuji Cross Comp w/Shimano 105/Ultegra, 1991 Kestral 200SC w/Shimano Ultegra
Posts: 149
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
So nice of you to point out my error…………….Pheard.


Can a Mod please correct the spelling it the title of this thread. Thank you.



This company is non-profit company the earnings it makes is over 45 million and is rolled back into its programs.
__________________
James
tasr is offline   Reply With Quote
Old 11-28-07, 02:51 PM   #11
Pheard
Banned
 
Join Date: Sep 2005
Location: South City, Ca
Bikes:
Posts: 3,348
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by KingTermite View Post
Do you think a $200,000+ CEO would know how to spell it properly?
We can only hope. *bows head*
Pheard is offline   Reply With Quote
Old 11-28-07, 02:55 PM   #12
Maelstrom 
Wood Licker
 
Maelstrom's Avatar
 
Join Date: Apr 2002
Location: Whistler,BC
Bikes: Transition Dirtbag, Kona Roast 2002 and specialized BMX
Posts: 16,885
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by tasr View Post
You’re a CEO of a company that employs 2200 people. You make $280,000.00 a year with a annual bonus of $100,000.00 - $150,000.00 and many other perks. The company is going through some tight cost cuts and the moral is very low. Would you donate your annual bonus back to the company?
Depends on how much the wife spends....

ok seriously, I would think a company of that size would have an ownership comittee or board of directors to assist in controlling that stuff ....

umm it depends on the extent of his job and his involvement. A failing company should have adjusted salaries to help the company. But then again, would the union allow pay cuts to assist a failing company through tough times?
Maelstrom is offline   Reply With Quote
Old 11-28-07, 03:10 PM   #13
banerjek
Portland Fred
 
banerjek's Avatar
 
Join Date: Oct 2005
Bikes: Custom Winter, Challenge Seiran SL, Fuji Team Pro, Cattrike Road/Velokit, РOS hybrid
Posts: 11,174
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 5 Post(s)
I think it would certainly be good for morale. However, it would also depend on why you work for the company to begin with, why it's in trouble, and what your own values are.

If people are really feeling the pain of cost cuts, it seems that the brass should be too. There's more to leadership than telling everyone else where to sacrifice. Life at the top might be tough, but when you get right down to it, everyone has some difficult things to deal with. There's a lot to be said for having the whole team go through good and bad times together.

However, if you were hired because it was a screwed up situation and they needed a miracle worker to absorb a huge amount of risk while stressing yourself emotionally and physically to do what others could not, I don't think there's an ethical problem with keeping the benefits unless it bothers you.
banerjek is offline   Reply With Quote
Old 11-28-07, 03:23 PM   #14
mlts22 
Senior Member
 
Join Date: Aug 2006
Bikes:
Posts: 998
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
There are a lot of variables in this equation:

Is the CEO spending a lot of personal money trying to get funding and getting his company some mindshare among investors?

Is the CEO doing his job of navigating the company, or is he out to lunch as things start tanking?

Did the CEO get funding for the company, or is he riding on previous corporate officer coattails? If a CEO has scored good funding deals for a company, they may deserve their salary, even if the company is not doing that hot at the moment.

A good CEO has to do a lot of things. For example, he has to explain to investors why they shouldn't completely sell off all company stock and run, if sales did not make their quarterly numbers.

There are a lot of CEOs who don't deserve to even have jobs, much less six digit incomes. Then there are CEOs who are spending 100 hours a week, knee deep in reports from every corporate division trying to keep shareholders happy, and VC guys interested in plunking down cash.
mlts22 is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 09:39 AM.