http://www.powermag.com/blog/index.php/2010/01/21/is-ges-immelt-headed-out-the-door/ Business and Technology for the Global Generation Industry Sun, 5 Feb 2012 18:25:06 -0500 hourly 1 http://wordpress.org/?v=3.1.3 http://www.powermag.com/blog/index.php/2010/01/21/is-ges-immelt-headed-out-the-door/comment-page-1/#comment-820 Max Henault Sat, 20 Feb 2010 11:56:28 +0000 http://www.powermag.com/blog/?p=311#comment-820 Well, some people really take things far (public hanging?). I agree that financial reward should be much more aligned to short and long term performance of the company. However, if judgement is to be made, we should examine the legacy from Neutron Jack. His management has highly encouraged disproportionate risk taking for immediate profits which in good times worked very well for the company, but has proven disastrous in bad times. Maybe Immelt has had a disappointing performance, but I doubt Welsh would have done better in his shoes in the financial storm we have just been through. Well, some people really take things far (public hanging?). I agree that financial reward should be much more aligned to short and long term performance of the company. However, if judgement is to be made, we should examine the legacy from Neutron Jack. His management has highly encouraged disproportionate risk taking for immediate profits which in good times worked very well for the company, but has proven disastrous in bad times. Maybe Immelt has had a disappointing performance, but I doubt Welsh would have done better in his shoes in the financial storm we have just been through.

]]> http://www.powermag.com/blog/index.php/2010/01/21/is-ges-immelt-headed-out-the-door/comment-page-1/#comment-800 Harvey Glotz Fri, 19 Feb 2010 15:40:14 +0000 http://www.powermag.com/blog/?p=311#comment-800 Immelt and the board of nondirectors (BOND) should be dragged from their offices with ropes around their necks, they should be taken to a public square and hung until pronounced dead by three different doctors. Immelt and the board of nondirectors (BOND) should be dragged from their offices with ropes around their necks, they should be taken to a public square and hung until pronounced dead by three different doctors.

]]> http://www.powermag.com/blog/index.php/2010/01/21/is-ges-immelt-headed-out-the-door/comment-page-1/#comment-630 Guerilla Joe Fri, 22 Jan 2010 08:41:47 +0000 http://www.powermag.com/blog/?p=311#comment-630 Well we all know the Emperor has no clothes Why are we paying these guys millions based on non-performance Surely the simple compensation would be a percentage of profit plus percentage of assets and nobody on this planet is worth more than $1,000 per day in basic salary If you think you are worth more than this - you need a good kick up the arse Well we all know the Emperor has no clothes
Why are we paying these guys millions based on non-performance
Surely the simple compensation would be a percentage of profit plus percentage of assets and nobody on this planet is worth more than $1,000 per day in basic salary
If you think you are worth more than this – you need a good kick up the arse

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