Interesting article in today's WSJ about the decline in pensions for workers, but increasing pensions for the executives. Doesn't mentions airlines, but all too familiar stories at GM and AT&T that many of us are experiencing.
Too many times I've heard CEO's state that high salarys, benefits, and pensions are required to maintain so called "talent." I wasn't a business major, but I truly believe a company can be successfull with piss poor talent on the executive team and excellent front line employees and lower to middle level managers. On the other hand, I believe a company with top notch "talent" in the executive ranks and poor front line workers is destin to fail. Before too long, the so called executive "talent" is going to run off all the true talent by all of the criminal, unethical activities they call "good business sense." I have heard a few successfull CEO's state that also. I wonder how long and how many people will have to get screwed before those greedy bastards realize this.
Too many times I've heard CEO's state that high salarys, benefits, and pensions are required to maintain so called "talent." I wasn't a business major, but I truly believe a company can be successfull with piss poor talent on the executive team and excellent front line employees and lower to middle level managers. On the other hand, I believe a company with top notch "talent" in the executive ranks and poor front line workers is destin to fail. Before too long, the so called executive "talent" is going to run off all the true talent by all of the criminal, unethical activities they call "good business sense." I have heard a few successfull CEO's state that also. I wonder how long and how many people will have to get screwed before those greedy bastards realize this.
