Monday, March 30, 2009

Here is my first tirade... Fuck CEOs!

tirade |ˈtīˌrād; ˌtīˈrād|
noun
a long, angry speech of criticism

Fuck CEOs! Explain to me why people at the top of an organization should get paid millions of dollars for being fired. Does that just seem wrong to you?! It does me.

Lets take a look at what happen when Joe Shmoe gets fired. Lets add meat to this. Joe gets fired because he sucked at his job, and caused the company to lose money and customers. This in turn caused other employees to lose their jobs. Way to go, Joe! Now Joe's boss gets to tell him what a crappy job he did (small consolation) and tells him to collect his things. Joe, if he is lucky, gets to go to the unemployement office and starts looking for a job. Yes... Joe does get a small amount of money to tide him over for a couple of months, while he is actively looking for work.

Now when a CEO gets fired, he (or she) gets to collect millions of dollars. Why?! Because, he signed a contract. Who gave him the contract? The board of directors... who, many times are his buddies. How convienent! But lets not be cynical for a moment, instead lets assume they are not his friends and have the best interest in the company. Why would any company write into a contract to pay off a CEO for being incompetent, for leading a company into ruin?

We now live in an age of accountability. How did we get here? Because the people at the top made the case that workers need to be accountable. But this accountability apparently does not apply to them (CEOs and Board members, and lets throw in top management too). I have nothing against accountability, workers should be accountable for what they do. But lets not forget the people at the top are nothing more than workers, just like you and me.

I say we fire or replace every single Board member (after all they are publicly held companies), and get people in there who will negotiate contracts that state flat out... If you are fired because you are incompetent, you get nothing... nada... zilch! Head on down to the unemployment office, right behind Joe.

Next... Fuck Bankers!

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