Fat Cats - Big $$$$ - Chicagoland Sportbikes
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post #1 of 23 (permalink) Old 04-21-2003, 11:28 AM Thread Starter
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Fat Cats - Big $$$$

This is a list of top CEO's that were paid very handsomely in 2002 even though their company performed very poorly for its stockholders. Keep in mind that these $$$ were paid in different ways..not only salaries.

#1-Steve Jobs - Apple Computer
$78.1 mil
Stock -34.6%

#2-David Cote - Honeywell
$68.5 mil
Stock -27.3mil

#3-John Chambers - Cisco Systems
$54.8 mil
Stock -27.7%

#4-Pat Russo - Lucent Technologies
$38.2 mil
Stock -75.4%

#5-Jeff Barbakow - Tenet Healthcare
$35.0 mil
Stock -58.1%

#6-David D'Alessandro - Hancock Financial
$34.3 mil
Stock -31.7%

#7-Scott McNealy - Sun Microsystems
$31.7 mil
Stock -74.7%

#8-Miles White - Abbott Labs
$30.4 mil
Stock -26.7%

#9-Hank Greenberg - American International Group
$29.2 mil
Stock -26.7%

#10-Alain Belda - Alcoa
$24.8 mil
Stock -34.6%

#11-Richard Kogan - Schering -Plough
$24.4 mil
Stock -36.4%

#12-Robert Essner - Wyeth
$22.2 mil
Stock -37.9%


These guys have certainly negotiated smokin contracts to get these dollars even though their stock sucks.

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post #2 of 23 (permalink) Old 04-21-2003, 11:31 AM
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Re: Fat Cats - Big $$$$

Quote:
Originally posted by 2weelpilot

These guys have certainly negotiated smokin contracts to get these dollars even though their stock sucks.
Don't forget all the people who are out of work due to the layoffs while the fat cats get richer!

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post #3 of 23 (permalink) Old 04-21-2003, 11:35 AM
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Re: Re: Fat Cats - Big $$$$

Quote:
Originally posted by BusaDave
Don't forget all the people who are out of work due to the layoffs while the fat cats get richer!

Ya no kidding. that pisses me off. The mentality of, low stock prices equal less need for workers. My ass, they need ot pull thier head out of thier ass and run the damn company better.




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post #4 of 23 (permalink) Old 04-21-2003, 11:37 AM
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Re: Fat Cats - Big $$$$

Quote:
Originally posted by 2weelpilot
This is a list of top CEO's that were paid very handsomely in 2002 even though their company performed very poorly for its stockholders. Keep in mind that these $$$ were paid in different ways..not only salaries.


These guys have certainly negotiated smokin contracts to get these dollars even though their stock sucks.

Remember it is extremely hard to calculate CEO pay. Yes they get paid huge $$$$$, but some of this may be deceiving. From what it looks like here they are attempting to value stock options that they received as pay. The thing to think about here is that while right now they are calculated as adding value to what they were paid those options don't expire till a later date. So what may happen if these companies do not perform well and their stock prices don't go up those options will expire worthless and they see no money from them. Your seeing more and more of this in light of the scandles going on lately.

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post #5 of 23 (permalink) Old 04-21-2003, 11:37 AM
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I wonder why bill gates is not on the list... you know he is up there!


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post #6 of 23 (permalink) Old 04-21-2003, 11:38 AM
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Quote:
Originally posted by robo74
I wonder why bill gates is not on the list... you know he is up there!


Rob
I don't believe he is the CEO of his company anymore.

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post #7 of 23 (permalink) Old 04-21-2003, 11:43 AM
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Quote:
Originally posted by Crazy
I don't believe he is the CEO of his company anymore.
Steve Ballmer is CEO

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post #8 of 23 (permalink) Old 04-21-2003, 11:47 AM
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Yeah stocks may be deceiving.

But.... Without naming any names, there is a company out there who has laid off about 50,000 plus employees worldwide and the CEO just received a 1.2M bonus. Bonus, not STOCK!

Yeah that pisses me off, especially when this un-named company is planning an additional 3,000 layoffs.
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post #9 of 23 (permalink) Old 04-21-2003, 11:51 AM
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Quote:
Originally posted by lovebothkats
Yeah stocks may be deceiving.

But.... Without naming any names, there is a company out there who has laid off about 50,000 plus employees worldwide and the CEO just received a 1.2M bonus. Bonus, not STOCK!

Yeah that pisses me off, especially when this un-named company is planning an additional 3,000 layoffs.

Definitely is alot of crap going on in the corporate world. I can't believe the boards of these companies allow management to get away with some of it.

BTW: I know exactly who your talking about Dave.


I'm going to try posting that corporate ladder for microsoft again.

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post #10 of 23 (permalink) Old 04-21-2003, 11:54 AM Thread Starter
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Quote:
Originally posted by robo74
I wonder why bill gates is not on the list... you know he is up there!


Rob
I think this list was put together by how poorly there stock performed in relation to their salary not by the "top salaries" overall

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post #11 of 23 (permalink) Old 04-21-2003, 12:00 PM
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Quote:
Originally posted by lovebothkats
Yeah stocks may be deceiving.

But.... Without naming any names, there is a company out there who has laid off about 50,000 plus employees worldwide and the CEO just received a 1.2M bonus. Bonus, not STOCK!

Yeah that pisses me off, especially when this un-named company is planning an additional 3,000 layoffs.

Hey Dave wanna hurl.

Check this out....Here's a "certain persons" pay. Check out how his total pay goes up about 65% while Motorolla's stock drops 65%


oops a certain person revealed

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post #12 of 23 (permalink) Old 04-21-2003, 12:00 PM
 
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The worst thing about layoffs is how arbitrary they are. Some senior VP picks a number that will help his bottom line and then middle management is stuck with the task of reorganizing to get the work done to continue to meet their goals.

The stokf market is that only place where cutting jobs and hiring are both positive things. IF you have lay offs, it say you cutting costs and stayign lean and healthy. If your hiring it must mean that the company is profitable.

It just a load of BS.
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post #13 of 23 (permalink) Old 04-21-2003, 12:06 PM
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Quote:
Originally posted by cherrypicker
The stokf market is that only place where cutting jobs and hiring are both positive things. IF you have lay offs, it say you cutting costs and stayign lean and healthy. If your hiring it must mean that the company is profitable.

It just a load of BS.
That's only partially true. On an individual basis for a company it is postive in the stock market cause it helps the company perform better. On the other hand layoffs effect the economy on a macro level. So as a result of layoffs the economic picture gets wacked and the market in total theoretically goes down. This may or may not effect the individual companies that have laid people off, but over the last 3 years we've seen that it has been negative over time for the individual companies.

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post #14 of 23 (permalink) Old 04-21-2003, 12:14 PM
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ahhhh ok

Thanks
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post #15 of 23 (permalink) Old 04-21-2003, 02:15 PM
 
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Although Microsoft's stock price is lower than it was say in 1998, their earnings continue to rise. As CEO, Bill Gates only make something like 450K in salary. However, he held(holds?) a 20% stake in the company.
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post #16 of 23 (permalink) Old 04-21-2003, 02:20 PM
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Quote:
Originally posted by obijuan
Although Microsoft's stock price is lower than it was say in 1998, their earnings continue to rise. As CEO, Bill Gates only make something like 450K in salary. However, he held(holds?) a 20% stake in the company.
Billy made $550k last year and got a $200k bonus. Looks like he owns about a 10% stake now. Still that's over ONE BILLION SHARES!!!!!!!!!!! That's a heck of a risk to take on one stock.!!!!!!

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post #17 of 23 (permalink) Old 04-21-2003, 02:52 PM
 
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Quote:
Originally posted by Crazy
Steve Ballmer is CEO
Hey I would take the pay of even the 100th position at MSFT...still in the hundreds of thousands.
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post #18 of 23 (permalink) Old 04-21-2003, 02:57 PM
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Quote:
Originally posted by BIGGY
Hey I would take the pay of even the 100th position at MSFT...still in the hundreds of thousands.

That's right......so next time you guys get pissed at Bill Gates types that started these companies and make buku $$$$$ remember how many other people they made wealthy and how many jobs they created for people.

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post #19 of 23 (permalink) Old 04-21-2003, 03:04 PM
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Yeah like the guy that was parked in front of us at Roebling. Apparently he "worked" for Microsoft. Don't think he even works anymore.

Well leave it to say he was there with a HUGE I mean HUGE semi size rig, trailer loaded with tools all decked out, and 2 Ducati 916's all painted perfect for racing CCS.

That's cool with me, I have no problem with people who get rich and offer opportunities to others as well.

It only bothers me when the guy at the top, or a few guys at the top make a boat load of $$$ and do it at the expense of people trying to earn a decent living.
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post #20 of 23 (permalink) Old 04-22-2003, 04:52 PM
 
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In MSFT's case, it wouldn't matter to me if the CEO was getting a big salary and bonus. They make money hand over fist. Their stock price reflects the general condition of the market, and not the performance of the company. Hell they paid their first dividend ever, and had a stock split this past FY.
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post #21 of 23 (permalink) Old 04-22-2003, 04:58 PM
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Quote:
Originally posted by obijuan
In MSFT's case, it wouldn't matter to me if the CEO was getting a big salary and bonus. They make money hand over fist. Their stock price reflects the general condition of the market, and not the performance of the company. Hell they paid their first dividend ever, and had a stock split this past FY.
actually MSFT has fallen more than the over all market and does very much reflect the performance of the company. However the performance of the company has been effected greatly by the overall economy.

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post #22 of 23 (permalink) Old 04-22-2003, 07:49 PM
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There is 10 billion shares of Microsoft??

Thats hella lot. Wonder how many times the stock has split over the years.

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post #23 of 23 (permalink) Old 04-22-2003, 08:29 PM
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Who cares? I want to see Gate's lap times!!!!

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