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disaster on the high planes of the Employment Arena A system filled with hype, with many collusive embedded components, makes not only a mockery but a madness of the sphere of employments atmosphere. learning is always a valuable function, equally so, learning is always an ongoing activity. Things change, and business modifies, and always within any job, and every job. There is the need to train. Process is simplified, by step upon step functions. The delusion of the average job, as being with a requirement of a degree, is a fallacy in fields, outside of certain categories. Skill level at the decision making level, is more an ambiguity than a science. The system pays a unreasonable premium in these ranks, for what amounts many times to the simplicity of common sense. We've seen astronomical failure at these levels, which has not only cost the loss of industry, it has collaterally cost the demise of whole cities, in a systemic process. Poor models, poor choices, poor decisions, and poor over-all performance, and poor capability to review and revise. And what we experienced in 2008, on a Global level, was the exposure of fact, many who held such position, not only did not have a clue as to what happen, they were blind to know the trends, therefore they could not forecast with any ability to pay attention. Ultimately, they did not have in-depth knowledge nor awareness, and were proven to be incapable of making timely adjustments, or knowing when to hold ground and manage their internal business. the hail of degree, the hail of status, and the hail of title, followed with pay that was beyond reason and without justification, as well as, the lack to identify these leaders as being simply employees of a corporate system. the Result, bonus was paid for failure, and golden parachutes provided when they exit before the eminent crash is made public. The ingredients for economic constructed demise. What results is economic and industrial treason against and upon a nations own industrial complex. this become collateral in impact, to produce a decimation of the lively hoods of citizens and thus in turn, becomes the decline of cities, and their localized stature and ability to perform and progress. What's our option ? First is: praise no man or woman, as superior, nor hinge any corporation on the value of one single individual, nor upon the executive team without regard equally so for the employee ranks which make the whole of the company. but see the employees as role players in a system of business, not as gods of the industry, as many have proven to be far less than the image of pomp and pageantry has claimed.- Remove the unfair and biased compensatory rewards structure. Return to a time, of fixed income modeling that does not exceed a multiplier beyond 20 times the lowest paid salary. This comes close to the equation of what the President of the nation is paid. Somewhat at a rate, 20 times the Minimum Wage, per hour, based on 8 hr days. this is applicable to companies that generate income of 30 million upwards. companies below 30 million, the rate would adjust downwards, at a base of say, 10 times, the lowest employee salary paid per hour. Not only will America return to profitability, the wage at the bottom will increase in direct % factor to the wage compensation at the top. bonus compensation, shall not exceed 10 times what the average employee receives. Then any bonus will also carry a % factor that fits with the model of the company. If they want more, then use their own money to buy their own stocks in the company. This unlawful transfer of ownership of public companies to hired executive, by issuance of stock options, is an encroachment upon a public entity, which should be unlawful, to transfer such volume of ownership interest to a hired employee, who is paid a salary to perform. No problem if they are provided a fixed amount clothing allowance, Lunch expense, vehicle expense, and entertainment expense. All with a Fixed cap, on each category. Anything else they need for business, is charged to the company, in a well managed program. No more of this hail the degree, and play patronize the title. it has simply killed this nation, its industry and the morality of its work force, and made investors less trusting of these titled individuals. If they perform well and the company prospers greatly, then raise the pay at the bottom, and the top pay will rise accordingly. Close the door on this degree based escalation, if they want a promotion, then come into the company and earn it, by putting the time in grade to do so. The military is successful in how it promotes, because it has fixed minimum of time in grade before advancing to the next grade. We need corporate governance, more than we need many other things, and when we create a solid model of corporate governance, not only will business began to perform, they will return to making quality within products, and providing superior service to its customers. No longer can nor should companies be run by the stock ticker, because the money never reaches the corporations floor. it is a paper game, played far and away from the actual realism of the corporation. The only thing the corporation gets is, value rating on their interest rates, to borrow more. but likewise so, this will force companies to do managed borrowing, and well defined usage of borrowed capital. This also will rule out, excessive expansion, and un-managed growth. Then we will learn to build strong and solid corporations, that will have the capability to shift, change and modernize with a pace that meets the demands of the market, with reasonable progress. Goons in suits and Goonette's in fancy dress, claiming title and pomp and pageantry of degree, has taken down a nation, decimated its industry, and killed entire cities, and left neighborhoods in shambles. All for their self glory, and over compensation of self, based on a cycle of exaggerated claims. companies grow because of all who make up the company. We've seen more criminals in the executive ranks, loot, rob, swindle, and commit every crime imaginable that cost loss so great its without ability to be measured. yes, there needs to be decision makers, but one also may need to question puppet boards, where the CEO is also the Chairman of the Board.. what a collusive situation, when Boards should render unbiased advice on course, direction, goals and other such matters. |
