News Articles to Follow:
1. Wall Street Executives Made 3 Billion Before Crisis (Bloomberg Financial News Service)
2. Women Are Gaining Ground in Family Decision Making (The Washington Post)
3. Sun Makes History: First Spotless Month in a Century (Daily Tech.com)
(scroll down for your favorites)
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#1. WALL STREET EXECUTIVES MADE $3 BILLION BEFORE CRISIS
(see article below editorial)
QUESTION: ACCORDING TO THE BLOOMBERG FINANCIAL NEWS SERVICE, "WALL STREET'S FIVE BIGGEST FIRMS PAID MORE THAN $3 BILLION IN THE LAST FIVE YEARS TO THEIR TOP EXECUTIVES, WHILE THEY PRESIDED OVER THE PACKAGING AND SALE OF LOANS THAT HELPED BRING DOWN THE INVESTMENT-BANKING SYSTEM." HOW SHOULD WE VIEW THESE COMPENSATION PRACTICES?
(See the September 26, 2008 "BLOOMBERG" news article link below)
ANSWER: There is within the business community in the USA, a reality in motion which uses those who are in the "genius" realm and who demand very high salaries. The belief is that, "If the investment firm can afford these highly demanding executives, the firm is stable and making money by the fistful."
It is not that these executives are so much smarter than others. It is that, when investors know the company can afford these billion dollar salaries, investors feel secure. And, the company draws many large investors to their services.
When one seeks to invest, he is one to want the best of the best, in order to be as safe as possible, in the investing programs. The way to tell if this is so, by conventional wisdom, is to look at firms whose executives "have a name", and are paid well. It is presumed, by the investors, that those companies are well prepared and capable. This is a sign that the company knows what it is doing in the investment markets.
Executives who want, and demand high salaries, know they have much to gain in the business community. But, they must have some way to authenticate their reputations.
Becoming a rich executive is easily done. What better way to do this than have, on one's personal staff, a publicist-marketing person, who keeps the executive's name before the public and business community. This marketing, when well done, is the way to the top!
Executive marketing systems have worked well until now. The public has become aware of these games and will begin to demand, "more substance than endless rhetoric", regarding its leaders.
Let these times remind all, that performance, not marketing, makes a Leader!
With Peace!
Rene
An Editorial
Copyright 2008
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News Article: For more information, see news link below.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aGL5l6xOPEHc#
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Truth Behind The News, published on:
http://www.TruthBehindTheNews.blogspot.com/ is Copyrighted, in the year 2008. All Rights are reserved. ALL SHARING OF THIS INFORMATION, must
bear this copyright notice, or permission to share is terminated.
For more information about Rene, go to: http://www.AngelsandGod.com/
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