Hoenig calls CEO 2nd Hander and Peter Keating.
This is from Saturday's Cashin' In. There is another post about this CEO, but Hoenig's description is perfect.
*** I know nothing about the site I grabbed this from. I was just looking for the video.
*** I know nothing about the site I grabbed this from. I was just looking for the video.
you failing to see the obvious truth in what I'm saying?" -- j
p.s. or the door guard who keeps the trouble people out.
the body, where the heart and the brain are trumped
by the ....... and paying people to bus tables by the
table instead of the hour makes great sense!!! -- j
Paying them based on waitresses' tips is questionable too because you want to pay them for things they control. If they find away to clear tables in some amazing way so that they're not the bottleneck anymore and they make high earnings, that's fine. The goal is to make money.
BTW, this reminds me of the book The Goal. It's a business book written like a drama. The manager is trying to get rid of bottlenecks but he realizes the *goal* is to make money, not reduce bottlenecks.
granted, cuz no one expresses gratitude for a great
job done. . except management, if they're good. -- j
we should be damn glad of it!! -- j
in part, for you, it can become a reasonable value
exchange, yes? . we just don't ask. -- j
bucks, my loyalty -- that's the way I see it! . if nothing
but purely voluntary action were the rule in my life,
I would be a happier guy!!! -- j
p.s. do you have word puzzles, like the diagonal
words in a field of letters puzzles? . my wife likes
those, and others.
I'm a happy person because I don't let myself be coerced into anything. A dear friend of mine of great creativity once wrote a song that goes like this: "I don't want to, you can't make me." Suits me.
something and see what she thinks of it!!! -- j
Little by little, the stories and philosophy are making their way into popular culture.
This is stated as an absolute............feelings trump thinking..............I fear far too many of our fellow citizens intermix these two..............who knows from which their beliefs originate? And if one calls them on it, then one receives a barrage of their actual feelings........all negative!
Once again, the problem is irrational (or total absence of) philosophy.........feelings are not tools of cognition!!!!!
P.S. Did like Hoenig's comments...........I hope more than we are aware of understood.
grrrrr
There is no way based on their gross sales that he can make a profit once all overhead is added to his wage output. It simply means that for a moments worth of attention he is willing to sacrifice the future.
On the other hand, if his people get complacent because their pay is not in proportion with their productivity, and they get all that money no matter how lazy they are, the plan will backfire. On the third hand, they won't want to go work for anyone else with a big cut in pay, and Price will have his loyal, well-trained, hard-working staff. Time will tell.
In the meantime, he is reinforcing the wrong memes: the belief that people should be paid more, that their pay need not be based on merit, and that rich people don't deserve their money.
A more logical approach would have been to make all his workers shareholders, giving them so many shares a year or as bonuses. Then they'd be motivated rationally to make the company more profitable and thus increase their own wealth.
And mind you, he had already pulled in millions and could manage on less.He can always give himself raises later. How IS his merit measured?