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  • Subject: Re: Midrange Computing Closed
  • From: ken shields <kjs@xxxxxxxxxxx>
  • Date: Mon, 30 Jul 2001 20:59:30 -0400

Neil
        You're right, the compensation packages for key corporate players
should definetely be legislated, and not left to the whims of corporate
lawyers.
        Their, 'competitive' salary crap doesn't cut it.
        There is no co-incidence, when the outgoing CEO of Nortel left with his
$200m severance package, that one month later 5000 workers hit the
street.
        The number of fully qualified people, that would gladly take the job
for even a pittance of that figure.
        I don't understand why, but I'm willing to bet the corporate lawyers
get a very big slice of the greed pie.

Neil Palmer wrote:
> 
> Chuck,
> 
>  especially if some key members of the board of directors are
> planning on leaving soon and want to raise the share price before they
> cash in the ridiculously large stash of shares they have been given for
> meeting mediocre performance targets that should just be considered part
> of their job in the first place - for which they are usually grossly
> overpaid anyway) let's be fair here.
> 
> 
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-- 
Best Regards
Ken Shields
Home phone: 905 404-2062
Bus  phone  905 725-1144 (326)
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