Golden parachutes - SV650.org

Bri w · 26-07-10, 12:35 PM

No, its not some sort of kinky sax.

The BP board is negotiating a severance package with its current CEO of BP. As the guy who is ultimately responsible for the mess in the Gulf of Mexico he gets to fall on his sword, and will get a whacking great payout for failure. Maybe he is the victim of media, and US Govt, pressure or whatever.

Not wanting to highlight this particular case but more in general terms, why is it that once you get far enough up the food chain, e.g. Steve Maclaren the ex-England mgr, you get huge sums of money when 'sacked' for failure?

Us mere mortals just get the boot.

26-07-10, 12:41 PM

because as mere mortals don't have to put up with this sort of stress and pressure?

Biker Biggles · 26-07-10, 12:51 PM

Its called power.These people have it and get looked after accordingly.

26-07-10, 12:57 PM

shame the american company who's product failed isn't getting the same pressure???

26-07-10, 01:16 PM

I Dont understand how he personally has fooked it up? sure hes a muppet but that should have been his advisors job to tell him to stand there and say nothing...

ho hum.

L3nny · 26-07-10, 01:22 PM

No sure about the BP fella but with regards to football managers they are give an contract for a fixed period of time, if either party wants to get out before the time is up then they need to agree terms.

anna · 26-07-10, 01:22 PM

I thought they are suggesting a £1m payout and his pension ~all of which he is entitled to by his contract.

Whilst he might be CEO of the company and therefore the buck stops with him, no doubt he will not have been the single link in the chain having caused this incident.

Americans obviously need a bad guy and he was it, although he really hasnt helped himself with the gaffs he has made through this oil leak.

On the other hand he has had an enormous amount of air time, and has been under a microscope of enormous pressure and so the odd gaff was understandable, the sailing incident though with his son, well, one might have known that was going to spell trouble.

26-07-10, 12:35 PM	#1
Bri w Member Join Date: Jun 2009 Location: Turre, Almeria Posts: 668	Golden parachutes No, its not some sort of kinky sax. The BP board is negotiating a severance package with its current CEO of BP. As the guy who is ultimately responsible for the mess in the Gulf of Mexico he gets to fall on his sword, and will get a whacking great payout for failure. Maybe he is the victim of media, and US Govt, pressure or whatever. Not wanting to highlight this particular case but more in general terms, why is it that once you get far enough up the food chain, e.g. Steve Maclaren the ex-England mgr, you get huge sums of money when 'sacked' for failure? Us mere mortals just get the boot. __________________ *"It's not the years in your life, it's the life in your years."* Currently - Fighting the urge... seen a nice Triumph America Previously - Honda CB125, Honda CB400-4 & BSA B40, Moto Guzzi 850, Yamaha RD250, Suzuki GT380, Kawasaki Z1B, Kawasaki Z650, Honda VFR, Triumph Street Triple R.

26-07-10, 12:41 PM	#2
600+ Guest Posts: n/a	Re: Golden parachutes because as mere mortals don't have to put up with this sort of stress and pressure?

26-07-10, 12:51 PM	#3
Biker Biggles Member Mega Poster Join Date: Jan 2005 Location: Barnet Herts Posts: 5,071	Re: Golden parachutes Its called power.These people have it and get looked after accordingly. __________________ On a clear day we stand there and look further than the ordinary eye can see.

26-07-10, 12:57 PM	#4
Quedos Guest Posts: n/a	Re: Golden parachutes shame the american company who's product failed isn't getting the same pressure???

26-07-10, 01:16 PM	#5
454697819 Guest Posts: n/a	Re: Golden parachutes I Dont understand how he personally has fooked it up? sure hes a muppet but that should have been his advisors job to tell him to stand there and say nothing... ho hum.

26-07-10, 01:22 PM	#6
L3nny Member Mega Poster Join Date: May 2008 Location: MK Posts: 2,111	Re: Golden parachutes No sure about the BP fella but with regards to football managers they are give an contract for a fixed period of time, if either party wants to get out before the time is up then they need to agree terms. __________________ 2015 GS 1200 Adventure

26-07-10, 01:22 PM	#7
anna Member Mega Poster Join Date: Aug 2005 Location: Tower Hamlets but with Shutters on the windows Posts: 1,522	Re: Golden parachutes I thought they are suggesting a £1m payout and his pension ~all of which he is entitled to by his contract. Whilst he might be CEO of the company and therefore the buck stops with him, no doubt he will not have been the single link in the chain having caused this incident. Americans obviously need a bad guy and he was it, although he really hasnt helped himself with the gaffs he has made through this oil leak. On the other hand he has had an enormous amount of air time, and has been under a microscope of enormous pressure and so the odd gaff was understandable, the sailing incident though with his son, well, one might have known that was going to spell trouble.

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