Thursday, March 19, 2009
Thinking Aloud - Illusions & Collusions Chapter 2
I was trying to book some hotel accommodation in a foreign country and I came across a few hotels that described themselves "Gay Friendly". Hmmm... I kept wondering what being gay friendly would entail for a hotel. Will the concierge wink at me a lot more? Does that mean that the staff will not sneer and laugh when I wear my pink fishnet t-shirt? Does it mean that the hotel provides guests with very very tight short shorts or short silky bathrobes in matching colours? Or does it mean that the hotel staff all speak in hushed, soft, effeminate tones? Or the door handles are specially designed for those who are of limped-wrists? Or does the hotel room decor comes in a variety of colour choice - colours that normal people would never be able to identify or pronounce properly... such as fuchsia, lavender blush, azure, chartreuse, pale turquoise, cyan, ... and the two probably very popular colours in dark goldenrod and burlywood??!!
The current craze and anger over finance executives' compensation and bonuses are justified. For my life, I could never understand how and why options granted to employees are not expensed out or deducted as a real cost!!! If its of no real cost/value, then the employees should not even find getting these options as attractive at all - if they want the options, it must because there is a value.
The other piss me silly thing is how financial industry (and other senior management of top corporations) employees can be drawing $200,000-$500,000 and still justify bonuses and stock options running into 2x, 4x, heck some even 10x their base pay. The most ridiculous defense given by them is "we need to align the interest of the executives with the shareholders". CBMF... give you $200,000-$500,000 a year also NOT ENOUGH to align your interests with the shareholders' interest??!! I guess the $200,000-$500,000 salary is only for me to fuck around in the company - interesting lesson, that should be in Management 101 for all MBAs. So, you are saying that you got $500,000 to work at a company but your interest will NOT be directed towards making the best returns and nurturing the best growth plans for the company... which pays you $500,000 a year UNLESS you get a truckload of bonuses and options???!! Please go jump off the nearest building.
p/s photos: Jessica Hester Hsuan