The CEO of a publicly held company won't be CEO very long if the investors don't see an increase in the bottom line on a consistent basis, where as the CEO of a private company is free to maintain the status Que even through tough times and allow the loss of company money for the short term down turns that we all experience, thus preventing the loss of trained skilled employees that will be needed when markets rebound and profits increase. We are comparing apples to oranges in the economics of the business world as far as how employees are treated, this explains the lack of union jobs in the private sector.
Most private company CEOs get show the door if they fail, public companies most get paid to leave, even when they screw up. It's a great system Seems to be a pattern at American They above is good business practice I am sure any owner would do
What about all these union Job Banks that the rest of us just found out about when the government bailed out GM? They show up the empty warehouses for years and just read the news paper and the company has to keep paying them. How whacked out is that?
Being this is America, its also a system you are free to join. Most private company CEOs are hired by the owner of the company,hence the ability to show them the door, while publicly held Ceos are hired by boards of directors, each of these board members have different objectives in hiring and firing CEOs. If say one of the board members also sits on the board of the bank that finances said company, his directive in company direction may be far different than a board member that represents a family interest in this company. There may more than one of these conflicts involving the companies growth potential compared to profit potential, with these conflicts in mind CEOs get contracts that insure their compensation with out the profitability of the business in mind.
Most fail because of the over whelming burden placed upon then to get unionized employees to understand how profitability and company success go hand in hand. These guys are giving it their best. http://www.youtube.com/watch?v=zK3VWSufZMA&feature=related
Caption Edward Smith is still a celebrated Capitan although his last employer likely questions those accolades. Leadership is something most will never understand nor under take, yet many feel qualified to critique other experiences at it, a leadership role does not elevate your ability lead, yet when the height of the standards are set to mediocre, the chances for excellence in either labor or management disappear. In many cases such as the OP example that started this thread the union uses any measure deemed necessary to achieve their goals including purposely harming the very company that employees them, I know of no CEO that would ever think of sabotage as an option in negotiations.
No, they just make bonehead quick easy moves to make their numbers look good this year, and then after they get theirs they skate and 5 or so years later someone else pays the price for that boneheaded move.
And unions like a cancer slowly year after year bleed the very life out of a company. Its kinda like death by a thousand cuts or a quick shot to the temple it just depends on how you care to be taken out. Gotta go cut fire wood now, I hate the environment too.
I agree, a bad CEO can ruin a company way more efficiently. Got to go home in my electric car now, I hate giving my money to OPEC terrorist
Much like our Government it's sad to say When all these bills and pensions come due the senators and congressmen are retired and living large. Difference is you can't just quit paying taxes but you can quit doing business with a corporation.
Germ you should start a business. You seem to know everything there Is to being a successful business owner. While your at It bring the union In too.
Sure is a lot of Jealously in this thread, some people cant get theirs so bring down everyone else around them......
