Is management in your view overpayed?

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Debaser82

Those of you who who have had a real job outside finance (or in the craft of finance for that matter) must know what I am talking about.

"How did such an incompetent lazy prick ever worked his way up the chain of comand?

They earn several times the salary of the footsoldiers yet I fail to see how many of them offer the same kind of contribution to a company then the workers themselves do.

Those of you who ever worked for a big company and or have attended meetings within them must be able to relate to this.


There is so much timewaste and bullshit....

Anyway, I wonder..

Has it ever been tried, cutting of the middle men and rewarding your work force adequately? Did these firms crash and burn?:)

Thanks for any response.
 
Watch Wall Street the original, and observe what Gekko says at the "Teldar Paper" shareholders meeting. Says it all...
 
"How did such an incompetent lazy prick ever worked his way up the chain of comand?
--------------------------

Probably at some point in time he was relevant and so was the "boss" who promoted him. One or both could become deadwood.
 
Computers have already replaced a lot of managers. If your job was to take information to meetings in the 1990's you got downsized out of work, largely it was older white males that lost their jobs...

A big step would be for society to recognize bully behavior and instead of rewarding it, get rid of them... bullies bring the negative info about their fellow workers to the boss as part of an ass kissing routine that just never ends.... were I in charge of a company I'd instruct managers to keep the names of the tattlers for the layoff list and never, ever promote a tattler. That would be the single biggest improvement in the workplace I can imagine...
 
Eight:A big step would be for society to recognize bully behavior and instead of rewarding it, get rid of them... bullies bring the negative info about their fellow workers to the boss as part of an ass kissing routine that just never ends.... were I in charge of a company I'd instruct managers to keep the names of the tattlers for the layoff list and never, ever promote a tattler. That would be the single biggest improvement in the workplace I can imagine...

You nailed it big time. You can't ever trust anyone at work.
 
Debaser82,

This is defintely an issue in corporate America.

Is management overpayed? in many instances the answer is yes . and in some the answer is no.

For me the critical pricinciple is pay for performance - and this is blatantly missing in most executive comp packages (at least in a way that has real teeth). I've seen several managers that are underpaid relative to their ability to create a strategy, inspire their teams and help get the results needed.

Your other question is if we can cut out middle management? Yes but not entirely.

I've had the chance to study management and org structure of a number of large fortune 500 firms and, almost all the time, the structure is bloated with too many layers.

I've also observed positive impacts as orgs have moved to leaner, flatter organizations. Of course, you would also need to align the incentives, perf mgmt, etc with the new structure.

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Finally, if you are interested, you should also read 'first break all the rules'. these authers studied what makes good managers and often the results are quite interesting.

For example, you wondered how an incompetent person could rise through management. the author's perspective is that most corporations only know how to reward people by promoting them. if you are a great engineer, they will promote you to engg management. but what is to say that the best engineers make the best managers?

As such, they keep promoting till the person's weaknesses in that position are greater than their strengths. Therefore, eventually most managers are in positions where their limitations are observable and their strengths may be underutilized.

Its somewhat like asking the question, why is it that you always find what you are looking for in the last place you look for it? Well, because once you find it, you stop looking.

ote.
 
most gain promotion through pure political maneuvering. backstabbing, ass kissing, taking credit for other's ideas.

these types of people will always rise to the top because their willing to anything to get to the top, irrespective of ethics and morals. Politics or corporate institutions it works the same.

Today, it's trendy only to care about your personal well being ( like most of the posters on this site) Which leads to a breakdown of society and rule of law.




Everybody else is stupid and deserves what they get. Whether they were hoodwink or not who cares about stupid people they deserve it for being trusting of their fellow man.

Unfortunately, this is the prevalent attitude in america
 
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