F'n #$%^$#@

[act2617]

http://money.cnn.com/2006/05/11/news...uses/index.htm

[trick_xd]

The rich get richer

and the "man" doing the work gets next to nothing ..... What else is new !

[Dave_au]

Sounds fair enough. The outlook for Delphi is pretty bleak, loosing key management staff is only going to make matters worse.

The last thing the company would need right now is to loose it's key execs, and if you were an exec with that particular company, what's your position going to give you? Prestige? No, Financial Security? No, Resume key milestone? Hell no.

The options for a lot of money if you can get the company to rebound if you honestly put your heart into the business to get it back on it's feet? Hell yes.

[PH47]

Originally Posted by trick_xd

The rich get richer

and the "man" doing the work gets next to nothing ..... What else is new !

Agreed.

Doing this is just suicide. Watch how many workers walk out. Top managers are useless if you're not willing to pay the guys that actually do the work!

[gtfpv]

these guys are truly worth it though they make very hard decisions from behind there desks to keep businesses up and going. i know of one who had to give away golf during week days to get the company back on track which he did with great success . thats why they get paid megga dollars with huge bonuses.

[Smoke Pursuit]

Originally Posted by PH47

Agreed.

Doing this is just suicide. Watch how many workers walk out. Top managers are useless if you're not willing to pay the guys that actually do the work!

Sadly Top Managers arent as easy to find as a floor workers, floor workers are useless without top managers as there will be no business. e

[Smoke Pursuit]

: : : :

[mowog]

Originally Posted by trick_xd

The rich get richer

and the "man" doing the work gets next to nothing ..... What else is new !

"The rich get richer"

I am really over this comment it is so over used. I started my working life pumping petrol then I went onto fixing cars then aircraft none of these jobs was well paid. I struggled from pay day to pay day to surive. It was tough I got sick of being broke so I did something about it.

I failed year 10 at school, I didnt go to uni but I changed my life by my own efforts if you believe the crap in the media I am now one of the rich getting richer I can tell you I am not rich but I am comfortable I can pay my bills and save some money but I am not rich.

If you are unhappy being "the man getting next to nothing" then change your life. If I can do it anyone can all you have to do is work at it.

[EF, What else?]

Originally Posted by mowog

"The rich get richer"

I am really over this comment it is so over used. I started my working life pumping petrol then I went onto fixing cars then aircraft none of these jobs was well paid. I struggled from pay day to pay day to surive. It was tough I got sick of being broke so I did something about it.

I failed year 10 at school, I didnt go to uni but I changed my life by my own efforts if you believe the crap in the media I am now one of the rich getting richer I can tell you I am not rich but I am comfortable I can pay my bills and save some money but I am not rich.

If you are unhappy being "the man getting next to nothing" then change your life. If I can do it anyone can all you have to do is work at it.

It not that easy, there's only so much money to go around, and when it is tied up with 10% of the world's population, the rest aint got much hope. If everyone decided to change their life tomorrow, everyone would fail, simple as that.

[ebxr8240]

Originally Posted by Dave_au

Sounds fair enough. The outlook for Delphi is pretty bleak, loosing key management staff is only going to make matters worse.

The last thing the company would need right now is to loose it's key execs, and if you were an exec with that particular company, what's your position going to give you? Prestige? No, Financial Security? No, Resume key milestone? Hell no.

The options for a lot of money if you can get the company to rebound if you honestly put your heart into the business to get it back on it's feet? Hell yes.

Haha yea they have made a few decisions lately..Not all good decisions though???? Or they wouldn't be where they are now!!!!

[BPXR6T]

Life's tough and reality sucks. Society rewards rare skills, why do you think Greg Norman makes so much. Just like a tradie gets more than a process worker, an exec gets more than a tradie.

I've been on both sides. I dropped out of school early and worked heaps of odd jobs for years. A combination of events, some lucky and some planned see me where I am today.

This misconception that professionals just sit at a desk and don't really do anything to deserve there inflated packages is pure and utter rubbish. I'm more exhausted now than I was working 14 hour days in a factory. The sacrifices I have to make are far in excess of what I had to make working in a factory. I am simply compensated just as you would expect to be compensated for the same sacrifice.

The shareholders will make the ultimate call on the performance of the execs. If they see that external influences have impacted the companies profitability and still have confidence in the executive team then keeping those execs around is exactly what the company needs to keep the "man on the line" employeed and the company profitable.

If the shareholders decided the exec team is not performing and have given themselves a bonus those same execs will find themselves in a very ordinary position come next AGM.

[Wokkas]

Originally Posted by Dave_au

Sounds fair enough. The outlook for Delphi is pretty bleak, loosing key management staff is only going to make matters worse.

At the expense of diminshed worker morale. It would be fair to say that Delphi's current situation is partly because of managements incompetence, yes? So why reward them, and punish jo bloggs on the factory floor.

[dmat2391]

I struggle with how these incentives are calculated. Too often they are based on "efficiency gains" where middle management simple fire one guy and force those remaining to cope, hence the productivity gains, (with hefty bonus for afformentioned management). eventually it all comes crashing down on their heads (eg Delphi or GMH) because ,lets face it, any git can fire thousands and make it look like things are better. Life is more than just numbers on a page, it's part of the reason I quit uni six months from completion (applied economics) maths is great but it has no soul. Blue collar workers live and breath and have families and exist in reality, economics is a "social" science, but those in management seem to have forgotten this

[Dave_au]

Haha yea they have made a few decisions lately..Not all good decisions though???? Or they wouldn't be where they are now!!!!

Originally Posted by Wokkas

At the expense of diminshed worker morale. It would be fair to say that Delphi's current situation is partly because of managements incompetence, yes? So why reward them, and punish jo bloggs on the factory floor.

Its certainly due to someones incompetence, yes. I do however highly doubt that the management who currently hold office at Delphi were responsible for everything going pair shapped in the last few years.

My whole argument is that you need to attract the best talent and retain the best people who are most likely going to improve and re-invigorate the business.

Cutting exec's pay will mean that those people, who can actually do the most for the business, will seek employment elsewhere. Dont forget that these are probably the sort of people who are headhunted every week by recruitment agencies. You might as well turn around and call in the receivers and the insolvency accountants.

I'd highly be suprised if this increase in remuneration isn't contingent on performance targets or share price anyway.