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If you could download and run as if it were you, a file that mirrored his life, complete with education, experiences, health, wants, likes, dislikes - in other words, the whole enchilada of BEING him, you would probably fimd the logic in there somewhere.
Foe what it's worth, I'd be happy with that set of goodies... many of my responsibilities and desires - personal and otherwise would be handled.
Sometimes keeping a sliding down-hill company from going too far (that it might be lost) is worth a bonus or two, no?
My 2˘.
.
It don' matter what he can do or how many pcs o' paper he's got hang on the wall behind his big-azz desk.....unless the dude can create the heaven an earth in 6 days an' rest on the 7th.....he ain't worth that kind'a bank ,period....an all the while cut'n the pay an benfits for all the people that do thereal work .....I work in/on these dude's houses all the time...the one's they own in my area.....usually they got 1/2 doz others, an' a 1/2 Mill. in vehicles ta go along......my
That said, I wish the dude was a life-long scooter jockey.
+1 which is why I believe the Board of Directors at HD made a big mistake with this guy. While Johnson Controls had very good performance under his terms I do believe the guy running the MoCo should be a motorcycle enthusiast. The CEO job is a big PR type job both internally and externally...kind of like a 5 star General. There is plenty of room for bean counters one level below.
But the guy who is the new face of the MoCo should be sitting on one. JMHO.
Man, I'd be willing to bet half of my CEO salary that, given 3 months on the job training, I could have that company humming along, making money and doing the right thing.
Hell half my salary would still amount to half a mill in pay, plus 2.5 mill in options and benefits.
I'd be willing to bet that, if a few key, difficult decisions were made, HD could be running a profit and holding onto the workforce... The people that do the sweating on the floor...
I always hate when I hear that a company is having trouble holding onto employees "We just can't afford it in today's enoconmy" is the usual excuse, while the CEO's are taking home huge bonuses.
I agree with the freemarket economy rules that say that the guy is worth what the company can bear to pay, but I dispute the thinking that says that a company that is in the red can bear the costs of paying such exorbitant bonuses.
Anyway.
D.
I'd write more but my mother-in-law is Irish and an amazing cook, so I have a St. Paddy's day dinner to attend. Seeyaz.
Not a damn one of them worth 1% of what they get. And I bet there are many of you here that could the same job equal or better.
The only diff. is they sucked the right " memeber"
Originally Posted by trafficjams
Milwaukee, Wis. - The CEO of Harley-Davidson Inc., who took over the motorcycle maker part way through 2009, received a pay package valued at $6.4 million during his first eight months on the job, according to a regulatory filing.
Keith E. Wandell received a base salary of $650,025 from his start date of May 1 through the end of 2009, according to proxy a filing with the Securities and Exchange Commission. He received a bonus of $780,030 and stock and option awards valued at $4.9 million at the time they were issued.
He also received other compensation worth $22,515, which includes a cash payment of $19,733 instead of perquisites.
Wandell, 60, replaced James L. Ziemer, who retired last year after 40 years with Harley-Davidson and four years as its CEO. Before taking over Harley, Wandell was chief operating officer of the car battery and building ventilation systems maker Johnson Controls Inc.
During his final four months as CEO, Ziemer received a pay package valued at $2.9 million. That includes a base salary of $455,144, a bonus of the same amount and stock and options valued at $1.9 million when they were granted.
He received other compensation worth $44,221, including $14,800 in cash instead of perks and $22,521 in contributions to a deferred compensation plan.
The Milwaukee-based motorcycle maker has hit hard times recently as consumers put off buying its high-end bikes. The company ended the fourth quarter with a loss $218.7 million, its first quarterly loss in 16 years.
The company has been laying off workers, closed factories and shuttered or sold unwanted brands.
The AP's total pay calculations include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.
The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the SEC.
I always crack up reading what people think other people are worth as far as salaries, etc. Mostly come across as cases of ***** envy combined with dribs of socialism.
Guy is worth being paid exactly what his board decides to pay him - no more, no less. Same goes for all of us. Don't think you're paid enough? Then educate, train, move, try different field, etc.
That said, I wish the dude was a life-long scooter jockey.
Excellent point, thank God. The guy is worth what the board pays him, period. Don't like it? Buy stock and register your opinion. As for me, well, I bought HOG at about 10 bucks or a little less. Now up to somewhere in the 25 buck range. As far as I'm concerned, the guy gets my vote. And here's a news flash. His salary doesn't cause me to lose money anywhere, so I ain't hating on him.
1 year ago HOG was trading under $9.00 a share. I rode it up in one year to $24.60. Two years it was trading around $50. If he can get it back to profitability he is earning his money through options.
Does this make Wandell a 1%'er ? You know, the 1% that makes more than 99% of the rest of the working population. I'd like to get one of them there CEO jobs and they could fire me after one year - I'd still be set for life.
The working class just hit the 1%er status along with the 1% of the population that controls 90% of the wealth in the U.S.
The other 98% are either unemployed or on some kind of government assistance!
Outsourcing and 20 years of corporations running government, the only workers represented in the congress are Chinese or from India!
I would like to outsource all the Wallstreet Bankers, Corporate CEO's and Congress. They have become to much of a legacy cost to the working and middle class! They have left us with a legacy of a busted economy and wiped out the working and middle class in this country!
Harley is in a world of hurt, you have to be paid a living wage and have a job to afford a high end recreation product!
Unless they are expecting to make up the difference on the clothing line Harley is toast!
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A few years ago JCI was a big employer in this area of west MI. I said big, a couple of thousand maybe more. Then a certain CEO decided to move the production of auto parts to south of the border and to Asia. A lot of people lost the jobs so that this fat cat could make the bucks. I know "profit by the cheapest means possible" is the corporate mantra, well quality also fell off, does this sound familiar? HD hired this guy now we pay the piper.
If you really can't stand the fact that HD is a for-profit company that will recruit and hire a profit-seeking CEO and pay him what he is worth (to them), then
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