Exactly. Google is desperate and would pay anything.
And this is all part of his job description. That's why he gets paid 10x or 100x more than you and me.
I mean if an engineer improves a process and saves a company $1 million/year, does he get anything other than a certificate of appreciation in his cubicle? It's part of his job description is the excuse they always give.
Agreed. This is why there really isn't any point in anything anymore. Nothing of value a person does matters.
Unemployment is probably going to hit at least 15% next year as the Republican Congress cuts funding and jobs.
These golden parachutes make me sick. Creepy rich people get richer while we struggle to pay our mortgage. And of course the parachute will probably be exempt from any income taxes.
Exactly. Google is desperate and would pay anything.
And this is all part of his job description. That's why he gets paid 10x or 100x more than you and me.
I mean if an engineer improves a process and saves a company $1 million/year, does he get anything other than a certificate of appreciation in his cubicle? It's part of his job description is the excuse they always give.
The engineer probably gets laid off so the company can replace him with a foreign national with an H-1B visa. Half the salary and twice the workload. Time for another round of executive bonuses!
The parachute applies if Jha is ousted. If they keep him as head of MMI, the parachute does not deploy. It would be a conflict of interest for Jha to negotiate a sale that results in a personal windfall.
It is already a conflict of interest, whether the parachute deploys or not. "Sell us the company and we guarantee you, if you lose your job it won't hurt one bit." That sounds like a bribe to me.
Things that are in violation of management's fiduciary duty to stockholders and should be banned:
1. Golden parachutes. Nothing more than a bribe to get management to agree to a takeover.
2. Management buyouts. If there is value in the company that can be unlocked, management's duty is to unlock it for the stockholders, not to purchase the company them unlock it for themselves.
3. Chairman of the Board is the CEO. Fox guarding the henhouse.
The engineer probably gets laid off so the company can replace him with a foreign national with an H-1B visa. Half the salary and twice the workload. Time for another round of executive bonuses!
See, now you're thinking like a true executive!
Now you just have to work on the "It's not a reduction of workforce - it's an enlargement of the community talent pool" doublespeak. That's where an MBA helps.
Things that are in violation of management's fiduciary duty to stockholders and should be banned:
1. Golden parachutes. Nothing more than a bribe to get management to agree to a takeover.
2. Management buyouts. If there is value in the company that can be unlocked, management's duty is to unlock it for the stockholders, not to purchase the company them unlock it for themselves.
3. Chairman of the Board is the CEO. Fox guarding the henhouse.
In theory, a business entity should be allowed to compensate it's people in any manner that doesn't break the law. The problem is twofold: those who hold the power are often sociopathic Type-A personalities who lack ethics (and that's part of the reason they got to those positions in the first place), and the laws (at least in the US) have far too many loopholes to ensure fairness. Then add to that another layer of injustice where well-funded corporations further bastardize those laws, and you have a vicious cycle that ultimately leads to financial calamity and political wars over regulation.
There are certainly decent corporations contributing to the economy, but you rarely hear about those. It's the high-profile ones like the big tech firms that get the most press. Sometimes they overreach and public outcry leads to their downfall, but that doesn't happen often enough.
Apple has filed motions to stay for two Motorola lawsuits, arguing that the company lacks the right to enforce its patents until the Google acquisition is finalized.
This part of the article really isn't relevant except to mention Apple and thus qualify the article for inclusion in Apple Insider. As long as the authors dropped this turd in the toilet, let's get out the plunger and clean it up.
What Apple wants is the court to put a hold on the patent lawsuits filed against them by Motorola, at least until Google's acquisition is finalized. Why? What if the court issued a temporary injunction against the sale of Apple products within its jurisdiction that allegedly violated Motorola's patents? (Note the German court's injunction against Samsung products in the patent suit brought by Apple.) Then what if the acquisition process drags out or ultimately fails for some reason? The patent dispute then becomes entangled in the acquisition, and Apple suffers for no reason connected to the patent cases themselves.
Comments
Exactly. Google is desperate and would pay anything.
And this is all part of his job description. That's why he gets paid 10x or 100x more than you and me.
I mean if an engineer improves a process and saves a company $1 million/year, does he get anything other than a certificate of appreciation in his cubicle? It's part of his job description is the excuse they always give.
Agreed. This is why there really isn't any point in anything anymore. Nothing of value a person does matters.
These golden parachutes make me sick. Creepy rich people get richer while we struggle to pay our mortgage. And of course the parachute will probably be exempt from any income taxes.
Exactly. Google is desperate and would pay anything.
And this is all part of his job description. That's why he gets paid 10x or 100x more than you and me.
I mean if an engineer improves a process and saves a company $1 million/year, does he get anything other than a certificate of appreciation in his cubicle? It's part of his job description is the excuse they always give.
The engineer probably gets laid off so the company can replace him with a foreign national with an H-1B visa. Half the salary and twice the workload. Time for another round of executive bonuses!
The parachute applies if Jha is ousted. If they keep him as head of MMI, the parachute does not deploy. It would be a conflict of interest for Jha to negotiate a sale that results in a personal windfall.
It is already a conflict of interest, whether the parachute deploys or not. "Sell us the company and we guarantee you, if you lose your job it won't hurt one bit." That sounds like a bribe to me.
1. Golden parachutes. Nothing more than a bribe to get management to agree to a takeover.
2. Management buyouts. If there is value in the company that can be unlocked, management's duty is to unlock it for the stockholders, not to purchase the company them unlock it for themselves.
3. Chairman of the Board is the CEO. Fox guarding the henhouse.
The engineer probably gets laid off so the company can replace him with a foreign national with an H-1B visa. Half the salary and twice the workload. Time for another round of executive bonuses!
See, now you're thinking like a true executive!
Now you just have to work on the "It's not a reduction of workforce - it's an enlargement of the community talent pool" doublespeak. That's where an MBA helps.
he got google to pay $12.5 billion for a company with no profits and a huge pension obligation
Do you know that for a fact? If Google is buying the assets, then they would not be getting the pension obligations.
Things that are in violation of management's fiduciary duty to stockholders and should be banned:
1. Golden parachutes. Nothing more than a bribe to get management to agree to a takeover.
2. Management buyouts. If there is value in the company that can be unlocked, management's duty is to unlock it for the stockholders, not to purchase the company them unlock it for themselves.
3. Chairman of the Board is the CEO. Fox guarding the henhouse.
In theory, a business entity should be allowed to compensate it's people in any manner that doesn't break the law. The problem is twofold: those who hold the power are often sociopathic Type-A personalities who lack ethics (and that's part of the reason they got to those positions in the first place), and the laws (at least in the US) have far too many loopholes to ensure fairness. Then add to that another layer of injustice where well-funded corporations further bastardize those laws, and you have a vicious cycle that ultimately leads to financial calamity and political wars over regulation.
There are certainly decent corporations contributing to the economy, but you rarely hear about those. It's the high-profile ones like the big tech firms that get the most press. Sometimes they overreach and public outcry leads to their downfall, but that doesn't happen often enough.
Do you know that for a fact? If Google is buying the assets, then they would not be getting the pension obligations.
And who else do you think takes on MMI's liabilities ... the tooth fairy?
Apple has filed motions to stay for two Motorola lawsuits, arguing that the company lacks the right to enforce its patents until the Google acquisition is finalized.
This part of the article really isn't relevant except to mention Apple and thus qualify the article for inclusion in Apple Insider. As long as the authors dropped this turd in the toilet, let's get out the plunger and clean it up.
What Apple wants is the court to put a hold on the patent lawsuits filed against them by Motorola, at least until Google's acquisition is finalized. Why? What if the court issued a temporary injunction against the sale of Apple products within its jurisdiction that allegedly violated Motorola's patents? (Note the German court's injunction against Samsung products in the patent suit brought by Apple.) Then what if the acquisition process drags out or ultimately fails for some reason? The patent dispute then becomes entangled in the acquisition, and Apple suffers for no reason connected to the patent cases themselves.
And who else do you think takes on MMI's liabilities ... the tooth fairy?
Tooth Fairy, LLC.
Do you know that for a fact? If Google is buying the assets, then they would not be getting the pension obligations.
As mentioned before... this is a stock sale, not an asset sale... that's what $40 a share means... everything, lock, stock and barrel.
Where can I get one of those Cheshire Cat grins?
Is that a polite way of saying "shit-eating"?
What on earth did that man do to deserve $66 million?
Please, tell me.
He tricked Google into buying a turd sandwich for $12.5 billion.
Pfft. 66 Mil is nowhere near the Big Leagues these days. Trophy wives won't even look at you for under a hundred.
Jha, right!