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Encouraging Mediocrity in Corporate America

February 4, 2009 · By

Good news!  Barack Obama is taking care of business, literally.

The all-knowing, all-seeing one, has decreed from on high that America doesn’t need the best CEO’s for its corporations.  It only needs mediocre ones.

This is sure to result in much prosperity for America.  Thank you, o saviour.

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Browse > Home / Amusing, Economy & Industry, US Politics / Encouraging Mediocrity in Corporate America

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4 Responses to “Encouraging Mediocrity in Corporate America”

  1. Sean Calder on February 4th, 2009 11:22 am [#]

    The extraordinary move comes amid a backlash over the millions of dollars that several Wall Street banks and bankers spent on exorbitant bonuses and junkets after receiving money from the $700-billion rescue plan approved last fall. Executives received $18.4 billion in bonuses for 2008, despite the near-collapse of the U.S. financial system.

    Examples such as these compel me to believe that American CEO’s/Executives are already mediocre if they are engaging in such practices.

    Now, I am by no means in posession of any of the facts, but at first blush, it seems as though these executives are not actually benefitting from an actual ‘bonus’, but rather that they plan these rewards as part of their operating budget. My reasoning behind this is that if their companies were in so much financial trouble that they needed a bailout from the government in order to remain solvent, those ‘bonuses’ could not possibly have been excess funds outside of their bottom line. If they were, then the company was by no stretch of the imagination in need of a financial bailout since they’re doing just fine; as evidenced by the bonuses.

    This brings me back to the Dingwall “I’m entitled to my entitlements” comment.

    Anyway, all that aside, I agree that companies expecting their employees to make concessions should also enforce that same expectation on their executives. Note that these imposed caps are only on those companies who are benefitting from the bailout package. Companies and CEO’s of successful and stable businesses are not so capped. Such businesses already enjoy competent and/or exceptional CEO’s.

  2. C on February 4th, 2009 12:49 pm [#]

    I suppose the implication of your piece is that only the mediocre will stay if the wages fall too low.

    Perhaps you could remind us how much you’re paid to blog here?

  3. Shane Edwards on February 4th, 2009 12:58 pm [#]

    I think you’ve hit the nail on the head. Nobody said I’m the star talent here. You get what you pay for don’cha?

    Whether you like it or not, you get what you pay for. That’s why MP salary increases aren’t always a bad thing. You pay crap nobody with any brains wants the job.

  4. Charles Anthony on February 5th, 2009 9:20 am [#]

    I do not find Obama’s announcement very impressive at all.

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