POLITICAL: Change comp plans to change thinking!

Monday, May 9, 2011

http://online.wsj.com/article/SB10001424052748703992704576307332105245012.html?mod=djemalertNEWS  

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Chief executives at the biggest U.S. companies saw their pay jump sharply in 2010, as boards rewarded them for strong profit and share-price growth with bigger bonuses and stock grants.

The median value of salaries, bonuses and long-term incentive awards for CEOs of 350 major companies surged 11% to $9.3 million, according to a study of proxy statements conducted for The Wall Street Journal by management consultancy Hay Group.

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Seems easy.

(1) No one should make more that the US Prez in base salary.

(2) All “highly paid execs” should receive bonus compensation in the form of a ladder 25 years non-transferable Corporate bonds.

(So that 9.3M$ would be 400k$ as base and 9.3M$/25=327k$. Year 2012: 327k$ bond, Year 2013: 327k$ bond, … Year 2036: 327k$ bond.)

Sure hope the company survives 25 years!

Think behavior — long term thinking — might change?

I bet it would take 30 minutes to change.

And we’d all be better off.

Now we should figure out how to do the same with politicians and bureaucrats!

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Posted by reinkefj

JOBSEARCH: Tattoos

Monday, May 9, 2011

http://lylynn.com/post/4978703765/tattoos-and-piercings-shouldnt-jeopardize-your-chance

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Tattoos and piercings shouldn’t jeopardize your chance of getting a job.

gnargoyle: Boo hoo. Assuming societal norms will bend to allow poor planning and irresponsible decisions while being perfectly aware of their limiting implications in certain sectors/fields/occupations should jeopardize your chances of being considered a reasonable and/or responsible adult.

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But they do and are only just slightly worse than “digital dirt”.

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Posted by reinkefj